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DAX Rallies On Dovish Fed Remarks
(RTTNews) - German stocks rose sharply on Tuesday as dovish comments from U.S. Federal Reserve policymakers outweighed concerns over the conflict in the Middle East.
The benchmark DAX rallied 245 points, or 1.6 percent, to 15,373 after losing 0.7 percent in the previous session.
Kontron AG, a maker of computer hardware and other technology products, jumped 6.4 percent after it has secured two design wins valued around 100 million euros from undisclosed parties.
Rheinmetall AG, an aerospace and defense company, added nearly 2 percent after it announced a further order from German Bundeswehr to supply over 150,000 rounds of artillery ammunition under a framework agreement.
The third call-off is worth in the mid-three-digit million-euro range.
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The British pound weakened against other major currencies in the European session on Friday.
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RTTNews
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European Shares Drift Lower Ahead Of US Inflation Reading
European stocks traded lower on Friday as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September.
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