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DAX Edges Higher Ahead Of Inflation Data
(RTTNews) - German stocks traded higher on Friday ahead of the euro zone inflation print due later in the day.
Amid signs of poor economic growth, some experts think the region might be in a recession this year.
The benchmark DAX was up 76 points, or half a percent, at 15,862 after closing 0.2 percent higher the previous day.
Healthcare stocks advanced, with Fresenius Medical Care rallying 3.7 percent.
Banks Commerzbank and Deutsche Bank were down half a percent and 1.4 percent, respectively.
Eurozone bond yields declined, with the German 10-year Bund yield falling by 6 basis points to 2.534 percent from 2.598 percent after U.S. Treasury yields fell to two-month lows on Thursday on weak U.S. data.
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Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down
The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session.
The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
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hace 2h 40min
European Markets Fail To Hold Gains, Settle Weak
Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
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hace 3h 6min
Canadian Market Modestly Lower; Materials Stocks Decline
Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious.
The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
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hace 4h 19min
Safe-haven Dollar Drops Amidst Trade Deal With Japan
The Dollar recorded a massive decline during the week ended July 25 amidst the announcement of the trade deal between the U.S. and Japan.
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hace 5h 35min
Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain
EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
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hace 6h 29min
Bay Street Likely To Open Higher
Canadian shares may open on a positive note Monday morning following the U.S. and European Union agreeing on a trade deal.
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hace 7h 46min
FTSE 100 Retreats After Positive Start, Down Marginally
The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week.
Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
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hace 8h 45min
CAC 40 Up Over 0.5% As Trade Tensions Ease
After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week.
The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
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hace 9h 4min
