DAX Gains As Investors Digest Fed Minutes
(RTTNews) - German stocks rose on Thursday as investors reacted to the FOMC meeting minutes released overnight and a slew of encouraging earnings results.
Following the release of the minutes from the U.S. central bank's Jan 31-Feb 1 policy meeting, Fed funds futures now price in three more quarter-percentage-point rate hikes at upcoming meetings this year
The benchmark DAX was up 0.7 percent at 15,510 after finishing marginally higher on Wednesday.
Freenet AG, a telecommunications and web content provider, rose about 1 percent after posting EBITDA growth of 7.0 percent in financial year 2022.
Reinsurer Munich Re plunged 5.2 percent despite delivering a surprisingly strong annual profit in a difficult year for the industry.
Krones AG added 2 percent after reporting a rise in preliminary earnings and revenue.
Japan Retail Sales Add 0.3% In July
Singapore Stock Market May Add To Its Winnings On Friday
Japan Industrial Output Sinks 1.6% In July
Japan Jobless Rate Falls To 2.3% In July
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Malaysia Shares Tipped To Remain Rangebound On Friday
South Korea July Industrial Production Rises 0.3%
