DAX Climbs Ahead Of PMI Data

RTTNews | hace 583
DAX Climbs Ahead Of PMI Data

(RTTNews) - German stocks rose sharply on Tuesday as traders returned to their desks after a long holiday weekend.

Investors looked ahead to a busy week of economic calendar, with PMI data, inflation figures and the all-important U.S. jobs data in focus.

Following better-than-expected Caixin manufacturing PMI numbers from China, investors awaited Euro area and U.S. manufacturing PMIs for further direction.

The benchmark DAX was up 163 points, or nearly 1 percent, at 16,914 on bets that global central banks will cut interest rates this year.

Fielmann shares rose half a percent. The eyewear maker said that Steffen Baetjer, who has been the Executive Director Controlling since August 2023, has succeeded Georg Alexander Zeiss as Chief Financial Officer of the company, effective January 1, 2024.

Hapag-Lloyd jumped 5.3 percent after an announcement on Friday that it had decided to continue diverting its vessels away from Suez and the Red Sea for security reasons.

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Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
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Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

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RTTNews | hace 1h 40min
China Exports Growth Accelerates; Imports Rise Unexpectedly

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China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | hace 2h 13min
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | hace 2h 53min