DAX Edges Higher In Cautious Trade

RTTNews | 771天前
DAX Edges Higher In Cautious Trade

(RTTNews) - German stocks traded higher in cautious trade Monday as investors awaited inflation data from the U.S. and Eurozone for further clarity on the outlook for rates.

ECB Vice President Luis de Guindos said the labour market is beginning to weaken and the central bank will be in a better position to reassess the inflation outlook in December.

A China-U.S. summit meeting to be held on the sidelines of the APEC meetings also remains on investors' radar. Media reports suggest that Beijing is considering ending a freeze on Boeing Co.'s aircraft.

The benchmark DAX was up 45 points, or 0.3 percent, at 15,279 after declining 0.8 percent on Friday.

IT company Q.Beyond AG fell 1.6 percent after widening its loss for the first nine months of the year.

Steel giant Salzgitter jumped 3 percent and industrial services provider Bilfinger added 2.6 percent after affirming their FY23 guidance.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | 1小時42分鐘前
Europe Car Sales Increase In November

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.
RTTNews | 3小時26分鐘前
European Economic News Preview: German Import Price Data Due

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.
RTTNews | 3小時58分鐘前
Cautious Optimism Expected In European Markets

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.
RTTNews | 4小時36分鐘前
RBA Minutes: Policymakers Discussed Rate Hike Scenario

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
RTTNews | 4小時40分鐘前
Australian Market Sharply Extends Early Gains In Mid-market

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.
RTTNews | 7小時7分鐘前
Indian Shares Look Headed For Another Positive Start

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.
RTTNews | 7小時15分鐘前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.
RTTNews | 7小時19分鐘前