DAX Rallies On China Optimism

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DAX Rallies On China Optimism

(RTTNews) - German stocks rallied on Friday after China reported improved economic data and the People's Bank of China said that it was cutting the amount of cash that banks need to have on hand by 25 basis points. It was the second reserve requirement ratio cut this year since one in March.

The benchmark DAX was up 160 points, or 1 percent, at 15,965 after gaining 1 percent in the previous session.

Banks Commerzbank and Deutsche Bank were seeing modest gains, a day after the European Central Bank signaled its latest interest rate hike could be its last.

Automaker Renault rose 1.6 percent on expectations that it could gain if the EU imposed tariffs on Chinese electric car imports.

Bayer rose 1.1 percent on news that its new CEO plans to cut management jobs as part of efforts to overhaul the embattled industrial group.

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Pound Slides Against Majors

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The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 1घंटे 9 मिनट पहले
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 1घंटे 41 मिनट पहले
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1घंटे 48 मिनट पहले
French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
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French Inflation Cools; Economy Expands As Estimated

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France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
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Sensex, Nifty Extend Losses On Trade Worries

Sensex, Nifty Extend Losses On Trade Worries

Indian shares ended lower on Friday to extend recent declines due to concerns over steep U.S. tariffs imposed on Indian goods.
RTTNews | 2घंटे 25 मिनट पहले