DAX Scales New Record High On EU Tariff Relief, German Consumer Sentiment Data

RTTNews | 209天前

(RTTNews) - German stocks are exhibiting strength on Tuesday, extending gains from the previous session, as investors continue to cheer the pause in EU tariffs. Report showing an uptick in German consumer sentiment contributes as well to market's gains.

The benchmark DAX, which rose to a record high at 24,232.57, was up 227.17 points or 0.95% at 24,224.61 a little while ago.

Defense stocks were in the spotlight after Trump threatened additional sanctions on Russia.

Infineon Technologies is gaining nearly 3%. Rheinmetall, Zalando, Brenntag, Bayer, Siemens Energy, MTU Aero Engines, BASF, Siemens, Merck and SAP are up 1 to 2%.

Daimler Truck Holding, Deutsche Bank, Deutsche Boerse, Symrise and Deutsche Post are moderately higher.

Automakers BMW, Mercedes Benz and Volkswagen are modestly higher despite industry data showing that new car sales fell 1.2% in the year-to-date period compared to the previous year.

E.ON is declining 1.7%. RWE, Heidelberg Materials and Fresenius Medical Care are down 0.3 to 0.7%.

A report published by GfK market research institute and the Nuremberg Institute for Market Decisions, showed German consumer sentiment rose for a third straight month. The forward-looking index rose by 0.9 points month on month to -19.9 points.

Data released by the European Automobile Manufacturers' Association showed Europe new car registrations declined in the four months to April as uncertainty over the trade tariffs weighed on demand.

New car sales fell 1.2% in the year-to-date period compared to the previous year. Among big-four economies, Spain reported a robust sales growth of 12.2% in the January to April period.

Meanwhile, sales in Germany decreased 3.3% and that in France slid more sharply by 7.3%. Italy reported a moderate fall of 0.6%.

However, Europe car sales rebounded 1.3% on a yearly basis in April, following a 0.2% fall in March.

April data showed signs of recovery despite the ongoing unpredictable global economic environment, the ACEA said.

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.

RTTNews | 1小時51分鐘前

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.

RTTNews | 2小時23分鐘前

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | 3小時1分鐘前

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | 3小時5分鐘前

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 5小時32分鐘前

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 5小時40分鐘前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 5小時44分鐘前

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 7小時6分鐘前

EURUSD	1.17809	GBPUSD	1.34975	AUDUSD	0.6676
USDJPY	156.093	USDCAD	1.3733	USDCHF	0.79019