DAX Edges Higher As US Rate Fears Recede

RTTNews | Před 874 dny
DAX Edges Higher As US Rate Fears Recede

(RTTNews) - German stocks advanced on Friday after a measure of U.S. producer prices unexpectedly fell in March, raising optimism the Federal Reserve may consider pause in interest-rate hikes.

Closer home, figures from Destatis revealed that Germany's wholesale price inflation slowed to the lowest level in more than two years in March.

Wholesale price inflation eased more-than-expected to 2.0 percent in March from 8.9 percent in February.

This was the lowest rate since January 2021, when prices remained flat. Economists had forecast prices to climb 2.5 percent in March.

The annual price growth has slowed after peaking at 23.8 percent last April.

The benchmark DAX was up 43 points, or 0.3 percent, at 15,772 after gaining 0.2 percent in the previous session.

In corporate news, plastics group Covestro edged up slightly despite announcing a weak start to the year in a difficult industry environment.

read more
Eurozone Retail Sales Fall More Than Forecast

Eurozone Retail Sales Fall More Than Forecast

Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
RTTNews | Před 27 minutami
UK Construction Sector Continues To Shrink

UK Construction Sector Continues To Shrink

The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
RTTNews | Před 47 minutami
European Shares Mostly Higher Before Debt Sales

European Shares Mostly Higher Before Debt Sales

European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
RTTNews | Před 1 h 15 min
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
RTTNews | Před 1 h 35 min
German Construction Sector Downturn Deepens

German Construction Sector Downturn Deepens

Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
RTTNews | Před 1 h 59 min
Australia Trade Surplus At 17-Month High; Household Spending Growth Rises

Australia Trade Surplus At 17-Month High; Household Spending Growth Rises

Australia's trade surplus surged to the highest level in more than a year in July and household spending growth accelerated for the third straight month in July, official data showed on Thursday. The trade surplus increased unexpectedly to A$7.3 billion in July from A$5.4 billion in June, the Australian Bureau of Statistics said.
RTTNews | Před 2 h 58 min
Sensex, Nifty Rally On GST Rejig

Sensex, Nifty Rally On GST Rejig

Indian shares opened on a buoyant note on Thursday after Finance Minister Nirmala Sitharaman announced significant GST rate cuts, effective September 22.
RTTNews | Před 5 h 38 min