DAX Inches Higher In Lackluster Trade

RTTNews | vor 906 Tagen
DAX Inches Higher In Lackluster Trade

(RTTNews) - German stocks opened on a positive note Monday as bond yields pulled back ahead of key events this week, including Fed Chair Jerome Powell's congressional testimony Tuesday and Wednesday, and the release of all-important U.S. jobs report on Friday.

The dollar edged lower in early European trade amid a modest pullback in U.S. Treasury yields following mixed comments from Fed Gov. Chris Waller and Atlanta Fed President Raphael Bostic last week.

Meanwhile, data showed earlier in the day that a measure of German construction PMI reached a 11-month high in February.

The benchmark DAX was up 23 points, or 0.2 percent, at 15,601 after rallying 1.6 percent on Friday.

Among the top gainers, Commerzbank, Fresenius Medical Care, Porsche and Vonovia climbed 1-2 percent.

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Japan Data On Tap For Friday

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RTTNews | vor 1Std 9 Minuten
Euro Climbs Against Majors

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The euro firmed against its major counterparts in the New York session on Thursday.
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Swiss Market Ends Marginally Up

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The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
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European Stocks Close Weak

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U.S. Pending Home Sales Fall More Than Expected In July

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Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
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