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DAX Holds Steady On Mixed Data
(RTTNews) - German stocks were steady on Monday after U.S. President Joe Biden signed legislation that lifts the nation's debt ceiling.
There was some cheer on the data front, with German trade surplus widening to €18.4 billion from €14.9 billion as exports unexpectedly rose 1.2 percent and imports fell 1.7 percent in April.
Separate data showed Eurozone business growth slowed in May. HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to a three-month low 52.8 in May from April's 54.1.
The benchmark DAX was marginally higher at 16,056 after rising 1.3 percent on Friday.
Asian stocks ended mostly higher earlier in the day while U.S. stock futures point to Wall Street holding near 10-monht highs.
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Indian shares are seen opening a tad higher on Friday as U.S. Treasury yields eased on improved U.S. data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
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Thai Bourse May Extend Losing Streak
The Thai stock market has finished lower in two straight sessions, giving away more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,175-point plateau and it may tick lower again on Friday.
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Japanese Market Notably Higher
Reversing the losses in the previous two sessions, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,250 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
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