02.05.2024 10:52:58 - dpa-AFX: DAX Slips In Cautious Trade After Fed Rate Decision

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were subdued on Thursday
after the Federal Reserve signaled that it is poised to keep interest rates
higher for longer.

Investors ignored the results of a survey, which showed Germany's manufacturing
PMI hit a two-month high of 42.5 in April, up from March's 41.9.

The benchmark DAX was down 6 points at 17,925 as trading resumed after the May
Day holiday.

In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite
first-quarter profit coming in above expectations and the company guiding for
growth over the year ahead.

Nordex dropped 1 percent despite news that it has received a 148MW turbine order
for an undisclosed wind project in California.

Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its
forecast for the full year after reporting an increase in net earnings for the
first-quarter, reflecting a rise in sales.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 8.158,69 17.05.24 12:10:00 -29,80 -0,36% - - 8.176,79 8.188,49
FTSE 100 969378 Financial Times SE 8.404,68 17.05.24 12:10:05 -33,97 -0,40% - - 8.438,65 -
DAX ® 846900 Xetra 18.668,05 17.05.24 12:10:05 -70,76 -0,38% - - 18.713,25 18.738,81
E-STOXX 50 ® 965814 STOXX Ltd. 5.054,22 17.05.24 12:10:00 -18,23 -0,36% 0,000 - 5.061,44 5.072,45

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