DAX Up Sharply As Stocks Rally On Hopes Of An End To U.S. Government Shutdown

RTTNews | 1 dia atrás

(RTTNews) - German stocks are up firmly in positive territory on Monday, rebounding strongly after falling to multi-week lows in the previous session. The mood is quite bullish today following the United States moving a step closer towards ending the historic government shutdown.

The U.S. Senate voted 60-40 to end the longest-running government shutdown, which entered its 40th day on Sunday.

The bipartisan legislation, which would fund most federal agencies through January and guarantee back pay for federal employees affected by the closure, would now go to the House of Representatives for consideration.

The benchmark DAX was up 436.53 points or 1.85% at 23,992.27 a little while ago.

Commerzbank is surging 5.3% after Deutsche Bank upgraded the stock's rating to 'buy'. Siemens Energy is gaining about 5% following a rating upgrade by Jeffereis. Daimler Truck Holding is up 4.5%, Siemens is rising 3.35% and Heidelberg Materials is up 3%.

Hannover Re is up more than 3% after raising its fiscal 2025 outlook. Hannover Re reported lower earnings for the third-quarter of its current financial year. However, nine-month profit increased from last year and the company raised fiscal 2025 outlook. The firm also issued fiscal 2026 profit guidance, expecting growth. For fiscal 2025, the company now expects Group net income of around 2.6 billion euros, higher than previous estimate of around 2.4 billion euros.

Infineon Technologies, Rheinmetall, Zalando, MTU Aero Engines, BASF, Bayer, Munich RE, Deutsche Post, Continental and SAP are also up sharply.

Eurozone investor confidence weakened in November as the economy struggles to emerge from the slump, survey results from the behavioral research institute Sentix showed on Monday.

The investor confidence index fell unexpectedly to -7.4 in November from -5.4 in October. The score was forecast to improve to -3.9.

There is little sign of an autumn upturn in the eurozone, Sentix said.

Both current situation and expectations indices declined at a similar rate. The current situation indicator posted -17.5, down from -16.0 in October. The expectations indicator dropped to 3.3 from 5.8 a month ago.

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.

RTTNews | 1h 28min atrás

European Shares Climb As US Senate Approves Deal To End Government Shutdown

European stocks hit a two-week high on Tuesday after the U.S. Senate passed a short-term funding bill to end the longest government shutdown in U.S, history. The bill will now be sent to the House, where a vote could come as early as Wednesday.

RTTNews | 2h 40min atrás

Asian Shares End On Mixed Note

Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.

RTTNews | 3h 12min atrás

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RTTNews | 5h 6min atrás

European Shares Seen Higher As US Senate Passes Bill To End Shutdown

European stocks are seen opening on a positive note Tuesday after the U.S. Senate passed the funding bill to end the longest-running government shutdown in history.

RTTNews | 6h 15min atrás

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 7h 25min atrás

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 8h 28min atrás

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 8h 47min atrás

EURUSD	1.15723	GBPUSD	1.31389	AUDUSD	0.65225
USDJPY	154.223	USDCAD	1.40307	USDCHF	0.80216