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DAX Gains On Economic Optimism

RTTNews | il y a 327

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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U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | il y a 1h 11min

Eurozone Industrial Production Recovers In July

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | il y a 1h 38min

U.S. Import Prices Unexpectedly Rise 0.3% In August

U.S. Import Prices Unexpectedly Rise 0.3% In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.

RTTNews | il y a 1h 53min

U.S. Retail Sales Climb Much More Than Expected In August

U.S. Retail Sales Climb Much More Than Expected In August

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August.

RTTNews | il y a 1h 56min

Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus

Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus

Canadian shares may open on a mixed note Tuesday morning, with the focus on upcoming interest rate decision from the Bank of Canada and the Federal Reserve. Materials stocks are likely to move up on higher metal prices.

RTTNews | il y a 2h 8min

FTSE 100 Drifts Lower For 3rd Straight Session

FTSE 100 Drifts Lower For 3rd Straight Session

U.K. stocks are exhibiting weakness on Tuesday, losing ground for a third straight session, as investors react to the nation's jobs data, and await the Bank of England's monetary policy announcement due later in the week.

RTTNews | il y a 2h 40min

CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

The French market is down marginally on Tuesday with stocks moving in a tight band ahead of the Federal Reserve's monetary policy meeting. The Fed is widely expected to cut interest rates by 25 basis points on Wednesday.

RTTNews | il y a 3h 4min

DAX Drifts Lower Ahead Of Fed Policy Meeting

DAX Drifts Lower Ahead Of Fed Policy Meeting

German stocks are down in negative territory on Tuesday with investors mostly staying cautious, focusing on the Federal Reserve's monetary policy meeting, which gets underway today, and the ongoing trade talks between China and the U.S.

RTTNews | il y a 3h 44min

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