DAX Edges Up After Powell's Comments On Rate Cuts

2024-07-02 2038
(fxcue news) - German stocks edged up slightly on Wednesday after Federal Reserve Chair Jerome Powell suggested the case for interest-rate cuts is becoming stronger due to slowing inflation. The closely watched monthly U.S. inflation report is due on Thursday, with analysts expecting core consumer prices to hold steady in June. The benchmark DAX was up 64 points, or 0.4 percent, at 18,300 after declining 1.3 percent in the previous session. In corporate news, automaker Volkswagen declined 1.6 percent after a warning that it may close the Brussels site of its luxury brand Audi due to a sharp drop in demand for high-end electric cars. Evotec jumped 4 percent as it announced a collaboration with Pfizer Inc. (PFE) to advance drug discovery efforts in France.
Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/30350.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号