DAX Gains As Investors Await Powell's Speech
(RTTNews) - German stocks rose on Friday as signs of easing inflation in the U.S. and the euro zone raised optimism over possible interest rate cuts earlier next year.
Germany's November final manufacturing PMI improved to 42.6 from 42.3 preliminary, shifting focus to the euro zone's manufacturing PMI numbers due later in the day.
The dollar index eased as investors awaited Federal Reserve Chair Jerome Powell's remarks later in the day for additional clues on the rate outlook.
The benchmark DAX rose 88 points, or half a percent, to 16,303 after gaining 0.3 percent in the previous session.
Tech stocks led advances, with Infineon Technologies rallying 2.1 percent.
Banks Commerzbank and Deutsche Bank both added around half a percent.
Bechtle AG, an IT systems house and e-commerce provider, plunged nearly 6 percent after announcing a convertible bond offering.
Singapore Stock Market May Extend Wednesday's Gains
Malaysia Bourse May Add To Its Winnings On Thursday
Higher Open Called For Japan Stock Market
KOSPI May Reclaim 3,200-Point Level
Korea Interest Rate Decision Due On Thursday
Swiss Franc Advances Against Majors
European Stocks Close On Mixed Note
