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DAX Rises On Strong Exports Data

RTTNews | 957 days ago

DAX Rises On Strong Exports Data

(RTTNews) - German stocks advanced on Friday as U.S. rate hike worries eased and data showed German exports rose by more than expected in January on robust U.S. and U.K. demand.

Exports rose 2.1 percent while imports fell by 3.4 percent versus December.

The benchmark DAX was up 104 points, or 0.7 percent, at 15,432 after gaining 0.2 percent the previous day.

Q.beyond shares jumped 3 percent. The cloud and ICT provider announced preliminary results for 2022, reporting 11 percent increase in revenues to 173.0 million euros.

Airline Lufthansa soared 5.5 percent after it swung to a full-year operating profit and flagged further gains in 2023.

Schaeffler edged down slightly after announcing the acquisition of 100 percent of the shares in ECO-Adapt SAS.

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Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.

RTTNews | 28 minutes ago

Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.

RTTNews | 53 minutes ago

China Consumer Prices Drop More Than Forecast; PPI Continues To Fall

China Consumer Prices Drop More Than Forecast; PPI Continues To Fall

China's consumer prices declined more than expected in September on weaker domestic demand and oversupply, and producer prices remained in deflationary pressures for the 36th straight month, highlighting the persistent deflationary pressure. Consumer prices dropped 0.3 percent on a yearly basis in September, the National Bureau of Statistics reported Wednesday.

RTTNews | 58 minutes ago

Canadian Dollar Falls Against Most Majors

Canadian Dollar Falls Against Most Majors

The Canadian dollar weakened against most major currencies in the European session on Wednesday.

RTTNews | 1h 4min ago

European Shares Mostly Higher As LVMH Returns To Growth

European Shares Mostly Higher As LVMH Returns To Growth

European stocks were mostly higher on Wednesday, with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.

RTTNews | 1h 23min ago

Asian Shares Bounce Back On Fed Rate Cut Hopes

Asian Shares Bounce Back On Fed Rate Cut Hopes

Asian stocks rose broadly on Wednesday, snapping three days of losses as optimism that the U.S Federal Reserve may go for further interest-rate cuts outweighed renewed U.S.-China trade tensions.

RTTNews | 1h 57min ago

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 3h 0min ago

U.S. Dollar Extends Slide As Fed's Powell Signals Rate Cut

U.S. Dollar Extends Slide As Fed's Powell Signals Rate Cut

The U.S. dollar continued to be weaker against other major currencies in the Asian session on Wednesday, following comments made by Federal Reserve (Fed) Chair Jerome Powell that strengthened bets on an interest rate drop this month.

RTTNews | 4h 21min ago

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