DAX Gains On Rate Cut Optimism

RTTNews | 594日前
DAX Gains On Rate Cut Optimism

(RTTNews) - German stocks advanced on Friday after a survey showed manufacturing downturn in the country eased slightly in December.

The HCOB Manufacturing PMI rose to 43.1 from November's 42.6 while the services PMI unexpectedly dropped to 48.4 from 49.6 in November.

Meanwhile, rate cut hopes prevailed despite the European Central Bank pushing back against bets on imminent cuts to interest rates on Thursday.

ECB policymaker Francois Villeroy de Galhau told Boursorama television today that the next move should be lowering rates from record highs.

German Bund yields hit nine-month lows, tracking declines in U.S. bond yields.

The benchmark DAX was up 106 points, or 0.6 percent, at 16,857 after finishing marginally lower on Thursday.

Munich Re shares rose over 1 percent. The reinsurance provider announced guidance for 2024, where it expects net profit of 5 billion euros, citing stable operational activities in all business segments.

As announced earlier, the company now projects fiscal 2023 profit of 4.5 billion. uros.

read more
Yen Rises After BoJ Rate Decision

Yen Rises After BoJ Rate Decision

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, following the Bank of Japan's decision to increase its inflation forecast for the fiscal year while maintaining steady interest rates.
RTTNews | 43分前
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1時8分前
European Economic News Preview: German Inflation, Unemployment Data Due

European Economic News Preview: German Inflation, Unemployment Data Due

Flash inflation and unemployment from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis releases Germany's ILO unemployment data and import price figures. Import prices are forecast to fall 1.6 percent on a yearly basis in June, following a 1.1 percent drop in May.
RTTNews | 3時9分前
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.
RTTNews | 4時33分前
Asian Markets Mostly Lower On Tariff Worries

Asian Markets Mostly Lower On Tariff Worries

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the final deadline of August 1 set by the US President Donald Trump for reaching trade deals with its trading partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Asian markets closed mixed on Wednesday.
RTTNews | 4時58分前