DAX Rises On US Rate Cut Optimism

RTTNews | il y a 412
DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

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U.S. Weekly Jobless Claims Fall To 236,000

U.S. Weekly Jobless Claims Fall To 236,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st.
RTTNews | il y a 12 minutes
FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

U.K. stocks are modestly higher in early afternoon trades on Thursday amid easing tensions about the conflict between Israel and Iran. Positive reaction to NATO's decision to increase its defense spending target from 2% to 5% of GDP over the next ten years is contributing as well to market's positive move.
RTTNews | il y a 39 minutes
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

French stocks are modestly higher about an hour past noon on Thursday, recovering from a mild setback earlier in the session. The mood is cautious with investors closely following the developments on the geopolitical front. The tensions in the Middle East have eased a bit amid signs of a ceasefire between Israel and Iran.
RTTNews | il y a 1h 11min
Yen Rises Amid BoJ Rate Hike Prospects

Yen Rises Amid BoJ Rate Hike Prospects

The Japanese yen strengthened against other major currencies in the European session on Thursday, as traders speculate that the Bank of Japan is likely to increase its interest rate in light of indications that inflation is broadening in Japan.
RTTNews | il y a 1h 20min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Thursday.
RTTNews | il y a 1h 50min
Sensex, Nifty Extend Gains For Third Day

Sensex, Nifty Extend Gains For Third Day

Indian shares rallied on Thursday to extend gains for a third straight session as optimism around a possible Israel-Iran ceasefire prevailed and the dollar weakened on speculation that U.S. interest-rate cuts may come sooner than expected.
RTTNews | il y a 2h 12min
Kilwins Quality Confections Recalls Mocha Truffles

Kilwins Quality Confections Recalls Mocha Truffles

Michigan-based Kilwins Quality Confections, LLC. is recalling Mocha Truffles as it may contain undeclared pecans, a known allergen, according to the U.S. Food and Drug Administration. The recall was issued after it was found that a product containing pecans was mistakenly sold in packaging that did not list pecans as an ingredient.
RTTNews | il y a 2h 45min
DAX Advances Nearly 0.7%

DAX Advances Nearly 0.7%

German stocks are up firmly in positive territory on Thursday with investors closely following the developments on the geopolitical front, and reacting positively to the German government's public investment plans.
RTTNews | il y a 2h 58min