DAX Gains Ahead Of Key Inflation Readings

RTTNews | 706天前
DAX Gains Ahead Of Key Inflation Readings

(RTTNews) - German stocks advanced on Friday ahead of Eurozone inflation data and the U.S. personal spending figures later in the day.

Investors shrugged off data released earlier in the day showing that German retail sales unexpectedly fell in August as a result of persistently high inflation in the euro zone's largest economy.

German retail sales dropped 1.2 percent in August compared with the previous month, official data revealed. Year-on-year, retail sales fell by 2.3 percent.

The benchmark DAX jumped 113 points, or 0.7 percent, to 15,436 after climbing 0.7 percent in the previous session.

Commerzbank AG jumped 11 percent after an announcement that it was revamping its pay-out policy for investors.

The lender said It intends to return a total of 3 billion euros to shareholders as dividends and share buy-backs for period of 2022 to 2024. To reach the target, the pay-out ratio will be at least 70 percent in 2024.

Kloeckner & Co SE, a steel and metal company, edged up slightly on news that CEO Guido Kerkhoff will take over the management of EU European operations with immediate effect.

read more
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th.
RTTNews | 48分鐘前
Bay Street May Open With Negative Bias On Weak Commodity Prices

Bay Street May Open With Negative Bias On Weak Commodity Prices

The Canadian market is likely to open with a negative bias on Friday, tracking weak crude oil and bullion prices. The focus is on the ADP data from the U.S., due this morning, and the Canadian and U.S. jobs reports, due on Friday, for clues about the rate decisions by the central banks of the two nations.
RTTNews | 59分鐘前
FTSE Modestly Higher; Airline Stocks Drift Lower

FTSE Modestly Higher; Airline Stocks Drift Lower

The U.K. stock market is modestly higher in early afternoon trades on Thursday as investors making purchases at select counters amid expectations the Federal Reserve will announce an interest rate cut in its upcoming monetary policy meeting.
RTTNews | 1小時25分鐘前
CAC 40 Down Slightly; Sanofi Tanks Nearly 10%

CAC 40 Down Slightly; Sanofi Tanks Nearly 10%

French stocks are turning in a mixed performance on Thursday with investors largely making cautious moves while looking ahead to crucial economic data, including U.S. private sector jobs data, due later in the day, and U.S. non-farm payroll employment report, due on Friday.
RTTNews | 1小時46分鐘前
Pound Rises Amid Risk On Mood

Pound Rises Amid Risk On Mood

The British pound strengthened against other major currencies in the European session on Thursday amid risk-on mood by the investors, as a bond market sell-off stabilized and dovish Fed comments coupled with weak U.S. data reinforced rate-cut bets.
RTTNews | 2小時2分鐘前