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DAX Edges Higher Ahead Of Eurozone GDP Data
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(RTTNews) - German stocks edged up slightly on Tuesday as investors digested solid earnings and looked forward to U.S. CPI data, Eurozone GDP figures and Fed speeches for direction. The benchmark DAX was up 21 points, or 0.1 percent, at 15,365 after gaining 0.7 percent in the previous session.
The German 10-year Bund yield declined by 1 basis point to 2.711 percent from 2.721 percent.
In corporate news, Delivery Hero shares jumped 3 percent after the online takeaway food company raised its full-year outlook.
Wind turbine manufacturer Nordex added about 1 percent after narrowing its loss in the first nine-months of 2023.
RWE rallied 2.5 percent as the utility posted an 82 percent increase in core profit for the first nine months.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment
The French market is notably higher on Tuesday as investors pick up stocks amid hopes of a Russia - Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
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Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook
Home Depot Inc. reported Tuesday slightly lower profit in its second quarter, despite higher sales and comparable sales. Meanwhile, Adjusted earnings per share and top line missed market estimates. Further, the company maintained its outlook for fiscal 2025 earnings and sales growth.
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Sensex, Nifty Extend Gains On Economic Optimism
Indian shares rose modestly on Tuesday, extending gains from the previous session amid hopes that Prime Minister Modi's recent GST reforms will potentially ease inflation and pave the way for further rate cuts by the Reserve Bank of India (RBI).
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DAX Up 0.3% On Ukraine Peace Deal Hopes
German stocks are gaining some ground in positive territory on Tuesday amid hopes of a peace deal between Russia and Ukraine, after U.S. President Donald Trump said his recent meeting with Ukrainian President Volodymyr Zelenskyy and other European leaders progressed well.
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European Shares Inch Higher On Hopes Of Russia-Ukraine Peace Deal
European stocks traded higher on Tuesday as investors weighed the possibility of a peace deal between Russia and Ukraine.
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Asian Shares Retreat As Investors Watch Ukraine Talks
Asian stocks ended mostly lower on Tuesday as investors awaited keynote speeches from top central bankers, including Fed Chair Jerome Powell for signals on the path of interest rates.
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Australian Dollar Falls Despite Upbeat Consumer Sentiment Data
The Australian dollar weakened against other major currencies in the Asian session on Tuesday, despite Australia's consumer confidence improving to a three-and-a-half year high in August as the central bank is expected to lower interest rates further after a third reduction this year.
Data from Westpac-Melbourne Institute showed that consumer sentiment index rose to 98.5 in August from 93.1 in July. The improvement followed a further reduction in interest rates by the Reserve Bank of Australia. With the latest 25 basis points cut, interest rates dropped by 75 basis points since the start of the year.
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