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DAX Edges Higher Ahead Of Inflation Data
(RTTNews) - German stocks traded higher on Friday ahead of the euro zone inflation print due later in the day.
Amid signs of poor economic growth, some experts think the region might be in a recession this year.
The benchmark DAX was up 76 points, or half a percent, at 15,862 after closing 0.2 percent higher the previous day.
Healthcare stocks advanced, with Fresenius Medical Care rallying 3.7 percent.
Banks Commerzbank and Deutsche Bank were down half a percent and 1.4 percent, respectively.
Eurozone bond yields declined, with the German 10-year Bund yield falling by 6 basis points to 2.534 percent from 2.598 percent after U.S. Treasury yields fell to two-month lows on Thursday on weak U.S. data.
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U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction
A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. manufacturing activity crept slightly higher in September but continued to indicate contraction. The ISM said its manufacturing PMI edged up to 49.1 in September from 48.7 in August, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 49.0.
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Před 13 minutami
Elon Musk's XAI Is Working On Wikipedia Rival Grokipedia
Billionaire Elon Musk announced that his artificial intelligence startup X.AI Corp., doing business as xAI, is creating Grokipedia, an AI-driven alternative to Wikipedia, powered by the company's Grok AI chatbot.
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U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September
Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment fell by 32,000 jobs in September after dipping by a revised 3,000 jobs in August. Economists had expected private sector employment to climb by 50,000 jobs.
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Před 1 h 17 min
Bay Street May Open With Slightly Negative Bias
Canadian shares may open with a negative bias on Wednesday as the crucial U.S. jobs data due this week is likely to be delayed due to a partial U.S. government shutdown.
Higher metal prices could trigger some strong buying in the materials sector and help limit market's downside.
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Před 2 h 1 min
Eurozone Inflation Accelerates In September
Eurozone inflation accelerated in September as the decline in energy prices slowed amid rising services inflation, reinforcing the expectations that interest rates are set to remain unchanged in the near term. Inflation rose to 2.2 percent in September, in line with forecast, from 2.0 percent in August, flash estimate from Eurostat showed on Wednesday. A similar higher rate was last seen in April
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Před 2 h 13 min
U.S. Private Sector Employment Unexpectedly Decreases In September
Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday.
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Před 2 h 27 min
FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers
U.K. stocks are up firmly in positive territory about an hour past noon on Wednesday, with pharma stocks figuring prominently in the list of gainers following Pfizer reaching a deal with the U.S. government to lower prescription drug prices in exchange for tariff relief.
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Před 2 h 47 min
CAC 40 Modestly Higher; Healthcare Stocks Among Notable Gainers
French stocks are modestly higher on Wednesday, even as investors remain cautious, digesting regional economic data, and assessing the potential impact of the U.S. government shutdown.
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Před 3 h 42 min
