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DAX Edges Higher In Holiday-thinned Trade
(RTTNews) - German stocks rose on Thursday after overnight data showed U.S. consumer confidence rose to an eight-month high in December on the back of declining inflation expectations and a strong labor market.
The benchmark DAX was up 43 points, or 0.3 percent, at 14,141 after rallying 1.5 percent on Wednesday.
Banks traded higher, with Deutsche Bank rising nearly 1 percent and Commerzbank gaining half a percent.
Automakers were mixed, with Volkswagen losing around 1 percent.
Hornbach Holding AG & Co. KGaA, a DIY-store chain operator, added 1 percent after backing its FY23 outlook.
Retailer Metro AG edged up slightly after saying that it agreed to divest Metro India to Reliance Retail Ventures Limited.
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U.S. Labor Productivity Decreases For First Time Since 2022
The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs. The report said labor productivity fell by 0.8 percent in the first quarter after jumping by an upwardly revised 1.7 percent in the fourth quarter of 2024.
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vor 26 Minuten
U.S. Weekly Jobless Claims Dip Slightly More Than Expected
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. Economists had expected jobless claims to slip to 230,000.
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vor 32 Minuten
Bank Of England Cuts Key Rate By 25 Bps Amid Trade Tariff Concerns
The Bank of England reduced its interest rate by a quarter-point on Thursday, as policymakers judged that higher trade tariffs warrant such action amid slowing inflation. In a three-way split, the Monetary Policy Committee, governed by Andrew Bailey, lowered the bank rate to 4.25 percent. This was the fourth such reduction since last August.
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vor 32 Minuten
Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions
The Indian rupee weakened against the U.S. dollar in the European session on Thursday, as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk.
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vor 1Std 41 Minuten
Bay Street May Open With Positive Bias
Canadian shares are likely to open with a positive bias on Thursday in reaction to reports that the U.S. and U.K. have agreed on a trade deal. Investors will also be reacting to a slew of corporate earnings announcements, and the Bank of England's interest rate move.
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vor 1Std 49 Minuten
Pound Recovers After BoE Monetary Policy Announcement
The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday, after the Bank of England decided to reduce its interest rate by 25 basis points in a three-way split.
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vor 1Std 53 Minuten
U.S. Labor Productivity Pulls Back More Than Expected In Q1
The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs.
RTTNews
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vor 1Std 54 Minuten
U.S. Weekly Jobless Claims Dip To 228,000
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday.
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vor 2Std 1 Minuten
