DAX Gains On Economic Optimism

RTTNews | hace 326
DAX Gains On Economic Optimism

(RTTNews) - German stocks traded higher on Thursday after a business survey showed German business activity contracted less steeply than the previous month in October.

The HCOB Preliminary German Composite Output Index came in at 48.4 in October versus 47.5 in September.

The benchmark DAX was up 155 points, or 0.8 percent, at 19,532 after ending 0.2 percent lower the previous day.

In corporate news, Nivea maker Beiersdorf jumped 4.2 percent after reporting an increase in group sales for the first nine months of 2024.

Engine manufacturer MTU Aero Engines rose 1.3 percent after third-quarter earnings came in above expectations.

Symrise fell 2.6 percent after the fragrance, flavor and nutrition group posted Q3 sales in the reporting currency slightly below estimates.

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Major European Markets Up In Positive Territory As Investors Eye Central Bank Meetings

Major European Markets Up In Positive Territory As Investors Eye Central Bank Meetings

After a cautious start, European markets are up in positive territory Monday afternoon with investors picking up stocks amid hopes of a rate cut by the Federal Reserve on Wednesday. The Bank of England, which is scheduled to announce its monetary policy on Thursday, is widely expected to hold rates steady. The Bank of Japan's policy announcement is also due this week.
RTTNews | hace 1h 46min
New York Manufacturing Index Unexpectedly Turns Negative In September

New York Manufacturing Index Unexpectedly Turns Negative In September

A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index plunged to a negative 8.7 in September from a positive 11.9 in August, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 5.0.
RTTNews | hace 1h 58min
Mixed Open Seen For Canadian Shares

Mixed Open Seen For Canadian Shares

Bay Street may open on a mixed note Monday morning, tracking commodity prices. With rate decisions from the Federal Reserve and the Bank of Canada due on Wednesday, the mood is likely to remain a bit cautious at times.
RTTNews | hace 2h 39min
UK Stocks Turning In Mixed Performance

UK Stocks Turning In Mixed Performance

The UK stock market's benchmark FTSE 100 is roughly flat about an hour past noon on Monday, with stocks turning in a mixed performance. Shares of mining companies are exhibiting weakness due to data showing a slowdown in China's industrial output in the month of August.
RTTNews | hace 3h 12min
Dollar Slips As Rate Cut Hopes Deepen

Dollar Slips As Rate Cut Hopes Deepen

The U.S. Dollar declined during the week ended September 12 amidst renewed hopes of a rate cut by the Federal Reserve on September 17.
RTTNews | hace 3h 16min
Pound Rises: Traders Await BoE Monetary Policy Decision

Pound Rises: Traders Await BoE Monetary Policy Decision

The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.
RTTNews | hace 4h 1min
CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

Despite Fitch Ratings lowering France's long-term credit rating, citing climbing debt and political instability, the French stock market is up in positive territory on Monday with investors looking ahead to the policy announcements from the Federal Reserve, the Bank of England and the Bank of Japan this week.
RTTNews | hace 4h 5min