DAX Climbs As Business Activity Returns To Growth
(RTTNews) - German stocks climbed on Tuesday after a preliminary survey showed private sector activity in the country unexpectedly returned to growth in April as the services sector outperformed.
The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 50.5 from 47.7 in March - clinching a ten-month high.
Expectations of interest rate cuts by the European Central Bank and the Bank of England also helped underpin investor sentiment.
The benchmark DAX was up 125 points, or 0.7 percent, at 17,985 after rising 0.7 percent in the previous session.
SAP AG shares surged 4 percent. The software maker reaffirmed its outlook for 2024 after Q! cloud revenue increased 24 percent to 3.93 billion euro.
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TSX Ends Notably Higher, Gains 0.7% In Week
The Canadian market ended on a firm note on Friday, lifted by strong gains in materials and energy sectors as commodity prices climbed higher amid rate cut bets and optimism about outlook for demand.
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Před 9 h 6 min
Dollar Retreats After Early Gains
The U.S. dollar climbed higher in the European session on Friday, extending gains from the previous session, but retreated later and stayed somewhat subdued thereafter and shed ground against its counterparts amid bets the Federal Reserve will start cutting interest rates from September.
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Před 9 h 49 min
Swiss Market Ends On Firm Note Again
Swiss stocks turned in a fine performance on Friday, extending gains from the previous session, as some encouraging earnings updates and possibility of another rate cut from the Swiss National Bank helped underpin sentiment.
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Před 12 h 40 min
Major European Markets Close Weak On Interest Rate Concerns
The major European stocks closed lower on Friday, drifting down for a second straight session, on concerns the Federal Reserve will likely keep interest rates higher for a longer time. Some disappointing earnings updates hurt as well.
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Před 12 h 55 min
U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
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Před 12 h 55 min
Canadian Market Up In Positive Territory; Materials Shares Rally
The Canadian market is up in positive territory on Friday, supported by strong gains in materials shares, which are moving up on firm metal prices.
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Před 14 h 33 min
U.S. Leading Economic Index Decreases More Than Expected In April
Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.
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Před 16 h 7 min
Elon Musk Says Twitter's Official Rebranding As X Complete
Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same."
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Před 16 h 11 min
