DAX Climbs Ahead Of PMI Data

RTTNews | Před 583 dny
DAX Climbs Ahead Of PMI Data

(RTTNews) - German stocks rose sharply on Tuesday as traders returned to their desks after a long holiday weekend.

Investors looked ahead to a busy week of economic calendar, with PMI data, inflation figures and the all-important U.S. jobs data in focus.

Following better-than-expected Caixin manufacturing PMI numbers from China, investors awaited Euro area and U.S. manufacturing PMIs for further direction.

The benchmark DAX was up 163 points, or nearly 1 percent, at 16,914 on bets that global central banks will cut interest rates this year.

Fielmann shares rose half a percent. The eyewear maker said that Steffen Baetjer, who has been the Executive Director Controlling since August 2023, has succeeded Georg Alexander Zeiss as Chief Financial Officer of the company, effective January 1, 2024.

Hapag-Lloyd jumped 5.3 percent after an announcement on Friday that it had decided to continue diverting its vessels away from Suez and the Red Sea for security reasons.

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | Před 1 h 11 min
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | Před 1 h 42 min
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | Před 1 h 52 min
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | Před 2 h 49 min
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | Před 4 h 13 min