DAX Rises On US Rate Cut Optimism

RTTNews | 38天前
DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

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European Stocks Close Mixed After Choppy Session

European Stocks Close Mixed After Choppy Session

European stocks closed on a somewhat mixed note on Monday after a choppy ride as investors tracked the developments on the political front, and awaited interest rate decisions from the Bank of England and the Swiss National Bank, and more economic data for clues about global economic growth.
RTTNews | 4小時5分鐘前
Canadian Market Notably Lower On Widespread Selling

Canadian Market Notably Lower On Widespread Selling

The Canadian market is down firmly in negative territory a little past noon on Monday with stocks from several sectors recording sharp losses due to sustained selling pressure as investors await fresh economic data for clues about the outlook for Fed interest rates.
RTTNews | 4小時35分鐘前
Euro Advances After Far-right Leader Le Pen's Remarks

Euro Advances After Far-right Leader Le Pen's Remarks

The euro was higher against its major counterparts in the New York session on Monday, as promising comments from far-right leader Marine Le Pen helped restore calm in financial markets.
RTTNews | 5小時15分鐘前
Dollar Gains After A Hawkish FOMC

Dollar Gains After A Hawkish FOMC

A hawkish Fed that scaled back rate cut expectations boosted the U.S. dollar during the week ended June 14. The dollar also benefitted from weakness in the euro beset by political uncertainty in France and the yen's prospects hurt by a dovish monetary policy update from the Bank of Japan.
RTTNews | 6小時46分鐘前
New York Manufacturing Index Indicates Notably Slower Contraction In June

New York Manufacturing Index Indicates Notably Slower Contraction In June

New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a negative reading still indicates contraction.
RTTNews | 7小時34分鐘前
Eurozone Labor Cost Growth Exceeds Expectations

Eurozone Labor Cost Growth Exceeds Expectations

The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank's view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace of 5.1 percent on a yearly basis.
RTTNews | 8小時3分鐘前