DAX Rallies On Inflation Data

RTTNews | Před 1007 dny
DAX Rallies On Inflation Data

(RTTNews) - German stocks rallied on Thursday after preliminary data showed German inflation rose by a less than anticipated 8.7 percent year-on-year in January, helping ease pressure on the European Central Bank to keep raising rates.

Destatis was initially scheduled to release its January data last week but delayed the publication over an "unexpected technical problem".

The benchmark DAX was up 199 points, or 1.3 percent, at 15,611 after climbing 0.6 percent in the previous session.

Nordex Group gained nearly 2 percent. The wind turbine maker has bagged an order from Enefit Green, one of the leading producers of renewable energy in the Baltic region for 255 MW for a wind farm in Estonia.

Delivery Hero plunged more than 8 percent. The food-delivery firm reported slightly lower-than-expected gross merchandise value (GMV) for 2022.

read more
CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | Před 1 h 52 min
DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
RTTNews | Před 2 h 18 min
Yen Falls After Japan PM Takaichi Comments

Yen Falls After Japan PM Takaichi Comments

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.
RTTNews | Před 4 h 17 min
Asian Shares Mixed As Tech Stocks Drag

Asian Shares Mixed As Tech Stocks Drag

Asian stocks ended mixed on Wednesday as concerns persisted about a potential Artificial Intelligence (AI)-driven market bubble and new data added to signs of a weakening U.S. labor market.
RTTNews | Před 4 h 55 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 6 h 20 min
European Shares Seen Mostly Higher At Open

European Shares Seen Mostly Higher At Open

European stocks are seen opening broadly higher on Wednesday as traders hope for the end of the longest government shutdown in U.S. history.
RTTNews | Před 7 h 55 min