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DAX Sees Modest Gains In Cautious Trade
(RTTNews) - German stocks were seeing modest gains on Monday as investors assessed the outlook for inflation and economic growth.
Traders will monitor U.S. consumer price inflation data and retail sales figures due this week for a better understanding of how the Federal Reserve would pull off a soft landing.
The benchmark DAX was up 35 points, or 0.2 percent, at 15,343 after losing 1.4 percent on Friday.
Asian markets ended broadly lower earlier in the day, while U.S. stock futures were down after the S&P 500 and Nasdaq ended their worst week in nearly two months.
The euro traded lower against the dollar for a second straight session, hitting five-week lows amid a widening policy gap between Europe and the United States.
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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
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vor 2Std 49 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August
MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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vor 3Std 8 Minuten
U.S. Consumer Prices Increase 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. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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vor 3Std 51 Minuten
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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vor 4Std 21 Minuten
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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vor 4Std 33 Minuten
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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vor 4Std 49 Minuten
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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vor 5Std 27 Minuten
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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vor 5Std 35 Minuten
