DAX Rallies On China Optimism

RTTNews | 713天前
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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Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
RTTNews | 2小時34分鐘前
European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | 2小時54分鐘前
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 5小時54分鐘前
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 6小時4分鐘前
U.S. Economy Surges More Than Previously Estimated In Q2

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RTTNews | 6小時27分鐘前
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 6小時33分鐘前