DAX Slips As Investors Await US Inflation Data
(RTTNews) - German stocks traded slightly lower on Monday as investors digested mixed inflation data from China and awaited U.S. inflation data due later this week for directional cues.
The benchmark DAX was down 25 points, or 0.1 percent, at 18,748 after rising half a percent on Friday.
IT company Q.beyond rose 1.4 percent after narrowing its Q1 loss and confirming 2024 outlook.
Adesso SE slumped 4.5 percent. The IT services provider reported that its first-quarter consolidated loss was 3.30 million euros, compared to prior year's profit of 2.02 million euros.
Ceconomy added nearly 2 percent after the electronics retailer said it expects adjusted earnings for fiscal 2024 to be above analysts' expectations.
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European Economic News Preview: Germany Business Sentiment Data Due
Business confidence data from Germany is the only major report due on Monday, headlining a light day for the European economic news. At 4.00 am ET, Germany's ifo business confidence survey data is due. The business confidence index is forecast to rise to 90.3 in May from 89.4 in the previous month.
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6h 52min ago
European Shares Seen Tad Lower At Open
European stocks may open a tad lower on Monday, with trading volumes likely to remain thin due to Memorial Day holiday in the U.S.
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6h 55min ago
Sensex, Nifty Modestly Higher In Early Trade
Indian shares were seeing modest gains in early trade on Monday, with healthcare and metal stocks leading the surge.
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8h 7min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, and as some traders indulged in picking up stocks for a bargain following the recent sell-off in the markets. They also remain cautious amid the lingering concerns about the outlook for interest rates. Asian markets closed mostly lower on Friday.
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9h 18min ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Monday.
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9h 21min ago
Sensex, Nifty Likely To Open On Muted Note
Indian shares look set to open on a muted note Monday as investors look ahead to the exit poll and the general election results.
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10h 0min ago
Japanese Market Slightly Higher
The Japanese stock market is trading modestly higher on Monday, reversing the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 38,700 level, following the broadly positive cues from Wall Street cues on Friday, with gains in index heavyweights and technology stocks.
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10h 15min ago
Thai Stock Market Due For Support On Monday
The Thai stock market has moved lower in four straight sessions, slipping almost 20 points or 1.4 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau although it may find traction on Monday.
RTTNews
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10h 28min ago
