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DAX Rises As Bank Worries Ease
(RTTNews) - German stocks opened higher on Tuesday as worries about the banking sector eased following a buyout deal for the deposits and loans of the failed Silicon Valley Bank.
The benchmark DAX was up 57 points, or 0.4 percent, at 15,184 after climbing 1.1 percent on Monday.
Lender Commerzbank rallied 1.4 percent while Deutsche Bank shares fell 0.9 percent after recent volatility.
Drug discovery firm Evotec rose 0.6 percent after reporting a 22 percent rise in FY preliminary revenues.
Commercial kitchen supplier Rational AG tumbled 3.5 percent despite posting a significant rise in fiscal year 2022 revenue.
Construction equipment manufacturer Wacker Neuson rose about 1 percent after saying it expects demand to remain high in 2023.
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German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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Před 31 minutami
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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Před 43 minutami
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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Před 59 minutami
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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Před 1 h 37 min
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Před 1 h 45 min
FTSE 100 Weak Again, Looks Headed For Weekly Loss
U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Před 2 h 17 min
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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Před 2 h 24 min
French Stocks Mostly Subdued In Cautious Trade
The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
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Před 2 h 36 min
