DAX Little Changed Ahead Of GDP Data
(RTTNews) - German stocks held steady on Friday as signs of slowing U.S. inflation fueled bets the Federal Reserve would take a softer approach to its aggressive rate-hike policy.
The benchmark DAX was marginally higher at 15,071 after gaining 0.7 percent the previous day.
Bond yields traded mixed ahead of the release of 2022 gross domestic product estimates later in the session.
Rational AG, a manufacturer and retailer of combi steamers and ovens, jumped 2.2 percent. The company reported that its preliminary sales revenues for fiscal 2022 increased 31 percent year-on-year.
United Internet allied 3.4 percent. Reuters reports that the company's web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month.
RBA Minutes Due On Tuesday
Swiss Markets Ends Marginally Down
European Markets Close Mostly Lower After Cautious Session
TSX Hits New Record High, Stays Firm As Resources Stocks Shine
Dollar Rises Amidst Mixed Jobs Data, Soft Inflation
Bay Street Likely To Extend Gains On Commodities Strength
Major European Markets Largely Subdued In Thin Trading
