DAX Climbs Ahead Of PMI Data

RTTNews | il y a 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.

read more
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 | il y a 13 minutes
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | il y a 44 minutes
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | il y a 1h 49min
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | il y a 2h 14min
Sensex, Nifty Open Lower On Tariff Concerns

Sensex, Nifty Open Lower On Tariff Concerns

Indian shares opened a tad lower on Thursday 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.
RTTNews | il y a 3h 21min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending early losses in mid-market moves on Thursday, snapping a three session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in iron ore miners and energy stocks.
RTTNews | il y a 4h 18min