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DAX Gains Despite Weak Manufacturing Data
(RTTNews) - German stocks edged higher on Monday as optimism about the health of the U.S. economy and Fed pause hopes offset domestic data showing that German manufacturing activity shrank at the fastest rate in more than three years in June.
The HCOB final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of Germany's economy, dropped to 40.6 from 43.2 in May, marking the fifth consecutive monthly decline.
Meanwhile, the final Eurozone PMI Manufacturing reading for June has been finalized at 43.4 versus 43.6 preliminary as demand for goods fell sharply at the end of the second quarter.
The benchmark DAX was up 50 points, or 0.3 percent, at 16,198 after climbing 1.3 percent on Friday.
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CAC 40 Moderately Lower
French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.
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Před 23 minutami
Eurozone Private Sector Expands At Fastest Pace In 15 Months
Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.
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Před 27 minutami
DAX Down Marginally
German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.
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Před 41 minutami
Sensex, Nifty Extend Gains For Sixth Day On GST Optimism
Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
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Před 56 minutami
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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Před 1 h 59 min
European Shares Subdued Ahead Of Jackson Hole Summit
European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
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Před 2 h 7 min
Indian Rupee Rises To 2-day High On Upbeat India's PMI Data
The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.
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Před 2 h 18 min
Asian Shares Mixed As Investors Await Powell Speech
Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.
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Před 2 h 38 min
