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DAX Edges Higher Ahead Of Eurozone Inflation Reading
(RTTNews) - German stocks traded higher on Friday after the release of favorable U.S. inflation data and ahead of euro zone inflation numbers due later in the day.
The eurozone CPI inflation is seen falling to 2.5 percent year-on-year from 2.8 percent in the previous month.
The benchmark DAX was up 0.6 percent at 17,778, heading into the European Central Bank meeting next week.
Sixt SE advanced 1.5 percent. The car rental leader outlined optimistic revenue and earnings forecast for the full year after a challenging first quarter.
Daimler Truck soared 12.4 percent. The truck maker lifted dividend and announced a share buyback program after 2023 profit topped forecasts.
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German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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30 minutes ago
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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42 minutes ago
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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58 minutes ago
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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1h 36min ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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1h 44min ago
FTSE 100 Weak Again, Looks Headed For Weekly Loss
U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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2h 16min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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2h 23min ago
French Stocks Mostly Subdued In Cautious Trade
The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
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2h 35min ago
