DAX Rallies Led By Banks

RTTNews | 738 days ago
Stocktwits
DAX Rallies Led By Banks

(RTTNews) - German stocks rallied on Thursday after the lower house of the U.S. Congress overwhelmingly passed a crucial compromise measure to avert a debt default and a private survey showed China's factory activity unexpectedly swung to growth in May.

Closer home, German retail sales rose 0.8 percent month-on-month in April, partially reversing a 2.4 percent decline in the previous month, data from the Federal Statistics Office showed.

However, German manufacturing PMI numbers for the month and Eurozone manufacturing data sent a gloomy signal.

The benchmark DAX jumped 174 points, or 1.11 percent, to 15,837 after losing 1.5 percent the previous day.

Banks topped the gainers list, with Commerzbank rising 1.8 percent and Deutsche Bank adding 1.4 percent.

Automaker Renault jumped 2.2 percent as the euro weakened ahead of euro zone inflation data due later in the day.

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Japan Stock Market May Add To Its Winnings On Monday

Japan Stock Market May Add To Its Winnings On Monday

The Japan stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,740-point plateau and it's tipped to open in the green again on Monday.
RTTNews | 12 minutes ago
Higher Open Predicted For South Korea Stock Market

Higher Open Predicted For South Korea Stock Market

Ahead of Friday's holiday for Memorial Day, the South Korea stock market had finished higher in three straight sessions, collecting more than 115 points or 4.2 percent along the way. The KOSPI now rests just above the 2,810-point plateau and it's expected to see additional support again on Monday.
RTTNews | 27 minutes ago
Japan GDP Data Due On Monday

Japan GDP Data Due On Monday

Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.
RTTNews | 1h 27min ago
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 2 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 2 days ago
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 2 days ago
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 2 days ago
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 2 days ago
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