DAX Edges Higher On ECB Rate Cut Hopes

RTTNews | vor 549 Tagen
DAX Edges Higher On ECB Rate Cut Hopes

(RTTNews) - German stocks traded higher on Friday amid expectations of interest-rate cuts in the second quarter.

ECB member and Bank of France head Francois Villeroy de Galhau said the central bank should favor gradual rate cuts rather than waiting too long to cut rates this year.

The risk of moving too late exists "at least" as much as that of moving too soon, he said in an interview with Belgian newspaper L'Echo.

The benchmark DAX was up 92 points, or half a percent, at 17,139 after gaining 0.6 percent in the previous session.

Automotive supplier Hella fell over 2 percent despite posting improved full-year portfolio-adjusted sales and operating income.

Volkswagen gained 1 percent after signing a supply agreement with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles (EVs).

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Indian Rupee Rises To 2-week High On GST Reforms Push

Indian Rupee Rises To 2-week High On GST Reforms Push

The Indian rupee strengthened against the U.S. dollar in the European session on Monday, after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
RTTNews | vor 49 Minuten
Canadian Market May Open Slightly Weak

Canadian Market May Open Slightly Weak

Lower Canadian and U.S. futures and weak European markets point to a slightly negative start on Bay Street Monday morning. Firm commodity prices might help limit market's downside. The focus will be on the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskiy later in the day.
RTTNews | vor 1Std 24 Minuten
FTSE 100 Slips After Positive Start, Down Marginally

FTSE 100 Slips After Positive Start, Down Marginally

After a modest upmove in early trades, the U.K. market retreated on Monday with investors turning cautious, focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, after the Trump-Putin summit failed to result in any breakthrough to end the war in Ukraine.
RTTNews | vor 2Std 4 Minuten
DAX Drifts Lower; Financials Stocks Among Major Losers

DAX Drifts Lower; Financials Stocks Among Major Losers

After four successive days of gains, the French market is exhibiting weakness on Monday as investors make cautious moves, focusing on the meeting between several European leaders and the U.S. President Donald Trump, after the recent Trump-Putin Summit failed to result in any breakthrough to end the war in Ukraine.
RTTNews | vor 2Std 29 Minuten
DAX Down In Negative Territory In Cautious Trade

DAX Down In Negative Territory In Cautious Trade

German stocks are down in negative territory on Monday with investors focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskyy, after the Trump-Putin summit failed to achieve a breakthrough on halting the war in Ukraine.
RTTNews | vor 2Std 48 Minuten
Sensex, Nifty Rally On GST Reforms Push

Sensex, Nifty Rally On GST Reforms Push

Indian shares rose sharply on Monday after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
RTTNews | vor 2Std 58 Minuten
Eurozone Trade Surplus Declines Sharply In June

Eurozone Trade Surplus Declines Sharply In June

The euro area trade surplus declined sharply in June as exports remained weak amid a rebound in imports, official data revealed on Monday. The trade balance registered a surplus of EUR 7.0 billion compared to May's surplus of EUR 16.5 billion, Eurostat reported. Compared to last year, the surplus contracted by EUR 13.7 billion from EUR 20.7 billion.
RTTNews | vor 3Std 4 Minuten
Thai Economic Growth Slows In Q2

Thai Economic Growth Slows In Q2

Thailand's economy grew at a softer pace in the second quarter largely due to the slowdown in tourist arrivals, official data revealed on Monday. Gross domestic product expanded 2.8 percent year-on-year in the second quarter, slower than the 3.2 percent growth posted in the first quarter, the National Economic and Social Development Council said.
RTTNews | vor 3Std 55 Minuten