DAX Little Changed Ahead Of GDP Data

RTTNews | Před 880 dny
DAX Little Changed Ahead Of GDP Data

(RTTNews) - German stocks held steady on Friday as signs of slowing U.S. inflation fueled bets the Federal Reserve would take a softer approach to its aggressive rate-hike policy.

The benchmark DAX was marginally higher at 15,071 after gaining 0.7 percent the previous day.

Bond yields traded mixed ahead of the release of 2022 gross domestic product estimates later in the session.

Rational AG, a manufacturer and retailer of combi steamers and ovens, jumped 2.2 percent. The company reported that its preliminary sales revenues for fiscal 2022 increased 31 percent year-on-year.

United Internet allied 3.4 percent. Reuters reports that the company's web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month.

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DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

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German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
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Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
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