DAX Gains Ahead Of Key Inflation Readings

RTTNews | Před 305 dny
DAX Gains Ahead Of Key Inflation Readings

(RTTNews) - German stocks opened higher on Monday as investors digested upbeat earnings and looked ahead to key inflation readings in Germany and the United States due later in the week. The benchmark DAX was up 231 points, or 1.20 percent, at 19,446 after declining 0.8 percent on Friday.

Automotive and industrial supplier Continental AG jumped nearly 7 percent after third-quarter core profit topped expectations.

IT service provider Q.beyond rose more than 2 percent after narrowing its quarterly loss and raising its full-year EBITDA outlook.

Hannover Re rallied 4 percent after the reinsurer raised its full-year 2024 profit target to €2.3bn.

Steel manufacturer Salzgitter fell about 2 percent after the company reported net loss for the first nine months of the financial year 2024 of 197.7 million euros, compared to prior year's profit of 193.7 million euros.

read more
Antipodean Currencies Rise Amid Risk-On Mood

Antipodean Currencies Rise Amid Risk-On Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened their major currencies in the Asian session on Friday amid increased risk-on mood by the investors, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a U.S. Fed rate cut at next week's meeting.
RTTNews | Před 2 h 37 min
Sensex, Nifty Open Higher On Trade Deal Hopes

Sensex, Nifty Open Higher On Trade Deal Hopes

Indian shares opened on a positive note Friday after Sergio Gor, a close Trump aide and director of the White House Presidential Personnel Office, said that despite recent disagreements over tariffs and India's purchases of Russian oil, the U.S.-India relationship continues to be "warm and strategically important."
RTTNews | Před 5 h 15 min
European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

GDP and foreign trade from the UK and final inflation from France and Spain are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and external trade figures. The British economy is expected to stagnate in July after rising 0.4 percent in June.
RTTNews | Před 5 h 17 min