DAX Rises Amidst Easing Inflation

RTTNews | 885天前
DAX Rises Amidst Easing Inflation

(RTTNews) - The DAX benchmark of the Frankfurt bourse gained on Wednesday as markets took cognizance of the easing in inflation in the euro area as well as the U.K. Dovish hints from an ECB official a day earlier also supported sentiment. Caution ahead of interest rate decisions by the Federal Reserve and ECB due next week, limited gains.

Data released earlier confirmed the inflation readings for June from Euro Area at 5.5 percent versus 6.1 percent in the previous month. Inflation in the U.K. too dropped more than expected to 7.9 percent.

The forty-scrip DAX index is currently trading at 16,168.45, having gained 43 points or 0.27 percent on an overnight basis. The day's trading has been within the range of 16,121.45 and 16,240.95.

Only 14 of the 40 scrips in the index are currently trading in the overnight negative territory.

Real estate business Vonovia surged 6.5 percent. Zalando has gained 2.2 percent. Sartorius, Symrise and Siemens Healthineers have all gained more than 1 percent.

Daimler Truck Holding has declined 2.8 percent. Covestro dropped 1.6 percent.

The EUR/USD pair increased 0.10 percent higher to 1.1237. The pair ranged between 1.1240 and 1.1196.

The ten-year bond yield has plunged 1.9 percent to 2.3040%, versus 2.348% at the previous close.

read more
European Markets Close Higher As Stocks Recover After Cautious Start

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
RTTNews | 22小時7分鐘前
U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
RTTNews | 1天前
U.S. Existing Home Sales Rise Less Than Expected In November

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
RTTNews | 1天前
Russia Cuts Key Rate By 50 Bps As Expected

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
RTTNews | 1天前
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.
RTTNews | 1天前