DAX Extends Gains Ahead Of US Jobs Data

RTTNews | 820天前
DAX Extends Gains Ahead Of US Jobs Data

(RTTNews) - German stocks rose on Friday to extend gains from the previous session as the U.S. pulled back from the brink of default and comments from a Federal Reserve official suggested a pause in interest rate hikes at the June policy meeting.

The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.

The benchmark DAX was up 127 points, or 0.8 percent, at 15,981 after rallying 1.2 percent in the previous session.

Sportswear maker Puma jumped nearly 4 percent and peer Adidas rallied 3.5 percent after U.S. retailer Lululemon Athletica posted strong results for its latest quarter and raised its annual sales and profit forecasts.

ProSiebenSat.1 climbed 2.3 percent after Czech investment group PPF raised its stake in the media group.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 11小時47分鐘前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 14小時37分鐘前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 15小時5分鐘前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 18小時9分鐘前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 18小時52分鐘前