DAX Edges Lower Ahead Of Economic Sentiment Data

RTTNews | il y a 1129
DAX Edges Lower Ahead Of Economic Sentiment Data

(RTTNews) - German stocks declined on Tuesday and the euro sank to within a whisker of parity with the dollar amid worries about the impact of aggressive monetary policy tightening on economic growth.

Investors also braced for a big week of data and earnings for directional cues. U.S. consumer price index data for June is due on Wednesday and June retail sales data is scheduled for Friday.

The German ZEW economic sentiment index for July will be released later in the session.

The benchmark DAX dropped 63 points, or half a percent, to 12,769 after tumbling 1.4 percent in the previous session.

BASF rose half a percent. The chemical company said it expects net income for the second quarter to be 2.09 billion euros considerably above the prior-year quarter's 1.65 billion euros and significantly above analyst consensus.

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DAX Modestly Higher As Investors Focus On Earnings

DAX Modestly Higher As Investors Focus On Earnings

The German market is up in positive territory on Thursday, extending gains from the previous session, with investors continuing to focus on earnings and economic data, and hoping for an interest rate cut by the Federal Reserve next month. Focus is also on the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
RTTNews | il y a 31 minutes
Australian Dollar Advances On Robust Employment Data

Australian Dollar Advances On Robust Employment Data

The Australian dollar strengthened against some major counterparts in the Asian session on Thursday, after data showed that the Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong.
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European Economic News Preview: UK GDP & Foreign Trade Data Due

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