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DAX Inches Higher Ahead Of Business Confidence Data
(RTTNews) - German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
In economic releases, investors await producer price inflation data for November and business sentiment survey results later in the day for further direction.
The ifo Institute's business sentiment index is forecast to rise to 87.4 from 86.3 in the previous month.
The benchmark DAX was up 73 points, or half a percent, at 13,966 after losing 0.7 percent on Friday.
Banks traded mixed, with Deutsche Bank rising more than 1 percent while Commerzbank shares were marginally lower.
Freenet AG jumped nearly 4 percent after Deutsche Bank raised its rating on the stock.
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Japan Shares Tipped To End Losing Streak
The Japanese stock market has moved lower in back-to-back sessions, dropping almost 450 points or 1.3 percent along the way. The Nikkei 225 now sits just above the 37,750-point plateau although it may find traction on Friday.
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il y a 17 minutes
South Korea Bourse May Reverse Thursday's Losses
The South Korea stock market on Thursday ended the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,620-point plateau although it's expected to bounce higher again on Friday.
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New Zealand Manufacturing PMI Accelerates In April - BusinessNZ
The manufacturing sector in New Zealand continued to expand in April, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.
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Japan GDP Data Due On Friday
Japan will on Friday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to slip 0.1 percent on quarter and 0.2 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three month prior.
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South Korea Export Prices Rise 0.7% On Year In April
Export prices in South Korea were up 0.7 percent on year in April, the Bank of Korea said on Friday, easing from 6.3 percent in March.
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Euro Drops Against Majors
The euro weakened against its major counterparts in the New York session on Thursday.
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Swiss Market Shrugs Off Weak Start, Ends On Firm Note
After opening weak and remaining subdued till noon, Swiss stocks found some support and kept edging higher on Thursday, and finally ended the day's session on a firm note.
Data showing a strong pace of expansion of the Swiss economy in the first quarter of this year aided sentiment.
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il y a 5h 53min
Major European Markets Recover After Early Setback, Close On Firm Note
Despite an early struggle, the major European markets turned in fairly steady performance as the session progressed on Thursday to eventually close on a firm note. Easing concerns about tariffs and U.S. inflation, and some encouraging regional economic data helped underpin sentiment.
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il y a 6h 11min
