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DAX Climbs Ahead Of US Inflation Reading
(RTTNews) - German stocks climbed on Thursday as investors awaited U.S. CPI data later in the day for clues on the Federal Reserve's rate trajectory.
Consumer price inflation is expected to edge higher to an annual 3.2 percent in December from 3.1 percent in November.
The Core CPI, which strips volatile food and energy prices, is forecast to rise 0.3 percent on monthly basis to match November's reading.
The benchmark DAX jumped 126 points, or 0.8 percent, to 16,816 after ending on a flat note the previous day.
Among the prominent gainers, Adidas, BMW, Daimler, Deutsche Post, Mercedes Benz, Sartorius, Volkswagen and Zalando rose 1-2 percent.
Banks traded weak, with Deutsche Bank falling more than 2 percent.
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European Shares Seen Mixed As Focus Shifts To US-Russia Talks
European stocks are seen opening on a mixed note Thursday as traders eagerly await a high-profile meeting between U.S. President Donald Trump and Russian President Vladimir Putin scheduled for Friday.
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European Economic News Preview: UK GDP & Foreign Trade Data Due
Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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1h 30min ago
Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks
Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.
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Australian Market Extends Early Gains In Mid-market
The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.
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2h 59min ago
Asian Markets Track Wall Street Higher
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3h 32min ago
Sensex, Nifty Seen Flat To Lower At Open
Indian shares may open flat to slightly lower on Thursday despite mostly positive cues from global markets.
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3h 51min ago
Thai Stock Market May Tick Higher Again On Thursday
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4h 30min ago
