DAX Climbs As Business Activity Returns To Growth
(RTTNews) - German stocks climbed on Tuesday after a preliminary survey showed private sector activity in the country unexpectedly returned to growth in April as the services sector outperformed.
The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 50.5 from 47.7 in March - clinching a ten-month high.
Expectations of interest rate cuts by the European Central Bank and the Bank of England also helped underpin investor sentiment.
The benchmark DAX was up 125 points, or 0.7 percent, at 17,985 after rising 0.7 percent in the previous session.
SAP AG shares surged 4 percent. The software maker reaffirmed its outlook for 2024 after Q! cloud revenue increased 24 percent to 3.93 billion euro.
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FTSE 100 Declines On Interest-rate Concerns
U.K. stock fell on Tuesday following cautious comments from Federal Reserve officials on inflation and the interest rate outlook.
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4小時6分鐘前
CAC 40 Slides On Uncertainty Over Monetary Policy Path
French stocks declined on Tuesday due to uncertainty over the European Central Bank extending rate cuts beyond June.
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4小時19分鐘前
DAX Dips On Rate Worries
German stocks traded lower on Tuesday after more Federal Reserve officials expressed caution on inflation, raising uncertainty over the pace of interest-rate cuts this year.
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4小時28分鐘前
Asian Shares Decline On Fed Rate Concerns
Asian stocks ended lower on Tuesday as a stimulus-driven China rally paused and minutes of the May 2024 Reserve Bank of Australia meeting showed the central bank considered increasing interest rates during the meeting.
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4小時42分鐘前
Antipodean Currencies Slide Amid Risk Aversion
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Tuesday, as Asian stock markets traded lower amid lingering uncertainty about the outlook for interest rates, with some U.S. Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
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5小時20分鐘前
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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5小時42分鐘前
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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5小時48分鐘前
Samsung Names Young Hyun Jun CEO Of Semiconductor Business
South Korean tech giant Samsung Electronics Co Ltd announced Tuesday the appointment of Young Hyun Jun as the new Head of Device Solutions unit. The move is expected to strengthen its semiconductor business and its competitiveness amid surge in chip demand, despite uncertain global business environment.
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6小時37分鐘前
