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DAX Holds Steady On China Growth Optimism

RTTNews | vor 786 Tagen

DAX Holds Steady On China Growth Optimism

(RTTNews) - German stocks were steady on Tuesday after China's premier said economic growth is accelerating and policymakers will take steps to boost demand.

China's GDP growth in the second quarter is likely to be higher than the first and could reach the annual economic growth target of around 5 percent, Chinese Premier Li Qiang said while addressing a World Economic Forum summit in Tianjin.

The benchmark DAX was marginally higher at 15,819 after finishing 0.1 percent lower on Monday.

Banks Commerzbank and Deutsche Bank were up 1.4 percent and 0.8 percent, respectively.

Automobile Major Porsche Automobil Holding SE fell over 1 percent.

The company has signed a 5-year revolving credit facility of 2.5 billion euros with a view to further strengthening Porsche's liquidity position.

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CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | vor 23 Minuten

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | vor 27 Minuten

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | vor 41 Minuten

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | vor 56 Minuten

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | vor 1Std 59 Minuten

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | vor 2Std 7 Minuten

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | vor 2Std 19 Minuten

Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.

RTTNews | vor 2Std 38 Minuten

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