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DAX Climbs Ahead Of Key US Inflation Data

RTTNews | 508 days ago

DAX Climbs Ahead Of Key US Inflation Data

(RTTNews) - German stocks climbed on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March.

The core Personal Consumption Expenditures (PCE) Price Index, the U.S. Federal Reserve's preferred inflation measure, will be published later today.

The benchmark DAX was up 131 points, or 0.7 percent, at 18,048 after losing 1 percent in the previous session.

In corporate news, Thyssenkrupp soared 10 percent after the conglomerate has agreed to sell a 20 percent stake in its steel business to EP Corporate Group (EPCG).

Medigene AG, a biotechnology company, fell 2.5 percent despite posting higher revenue in the first quarter and reaffirming its annual revenue guidance.

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U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | 38 minutes ago

Eurozone Industrial Production Recovers In July

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | 1h 4min ago

U.S. Import Prices Unexpectedly Rise 0.3% In August

U.S. Import Prices Unexpectedly Rise 0.3% In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.

RTTNews | 1h 20min ago

U.S. Retail Sales Climb Much More Than Expected In August

U.S. Retail Sales Climb Much More Than Expected In August

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August.

RTTNews | 1h 23min ago

Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus

Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus

Canadian shares may open on a mixed note Tuesday morning, with the focus on upcoming interest rate decision from the Bank of Canada and the Federal Reserve. Materials stocks are likely to move up on higher metal prices.

RTTNews | 1h 35min ago

FTSE 100 Drifts Lower For 3rd Straight Session

FTSE 100 Drifts Lower For 3rd Straight Session

U.K. stocks are exhibiting weakness on Tuesday, losing ground for a third straight session, as investors react to the nation's jobs data, and await the Bank of England's monetary policy announcement due later in the week.

RTTNews | 2h 6min ago

CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

The French market is down marginally on Tuesday with stocks moving in a tight band ahead of the Federal Reserve's monetary policy meeting. The Fed is widely expected to cut interest rates by 25 basis points on Wednesday.

RTTNews | 2h 31min ago

DAX Drifts Lower Ahead Of Fed Policy Meeting

DAX Drifts Lower Ahead Of Fed Policy Meeting

German stocks are down in negative territory on Tuesday with investors mostly staying cautious, focusing on the Federal Reserve's monetary policy meeting, which gets underway today, and the ongoing trade talks between China and the U.S.

RTTNews | 3h 11min ago

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