DAX Rises On US Rate Cut Optimism

RTTNews | il y a 46
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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Australia Consumer Sentiment Rises In June: Westpac

Australia Consumer Sentiment Rises In June: Westpac

Australia consumer confidence improved in June but remained firmly in the negative zone largely due to concerns about inflation, growth and interest rate outlook, survey data from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 83.6 in June from 82.2 in May.
RTTNews | il y a 4h 24min
European Economic News Preview: Spain Final GDP Data Due

European Economic News Preview: Spain Final GDP Data Due

Revised quarterly national accounts data from Spain is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden is slated to issue producer prices for May. Prices had increased 0.9 percent annually in April.
RTTNews | il y a 5h 31min
Novo Nordisk Plans $4.1 Bln NC Facility To Boost Obesity Drug Supply

Novo Nordisk Plans $4.1 Bln NC Facility To Boost Obesity Drug Supply

Danish drug maker Novo Nordisk announced its plans to invest $4.1 billion or about 27 billion Danish kroner to build a new manufacturing plant in Clayton, North Carolina with a view to expanding its manufacturing capacity in the United States. In the new plant, the company plans to produce current and future injectable treatments for people with obesity and other serious chronic diseases.
RTTNews | il y a 5h 37min
Asian Markets Mostly Higher Amid Cautious Trades

Asian Markets Mostly Higher Amid Cautious Trades

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed cautious and reluctant to make significant moves ahead of some crucial economic data, including a report on US personal income & spending due later in the week. They also await comments from US Fed officials for additional clues on the outlook for interest rates.
RTTNews | il y a 8h 8min