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DAX Sees Modest Gains On China Optimism

RTTNews | 1027 days ago

DAX Sees Modest Gains On China Optimism

(RTTNews) - German stocks were seeing modest gains on Friday, with optimism about China's reopening and expectations that the Federal Reserve would ease up on interest-rate rises helping underpinning sentiment.

Traders looked to a revival in Chinese demand as hundreds of thousands of people travel home for the Lunar New Year holiday that officially begins on Saturday.

Adding to the optimism, the country said the worst was over in its battle against COVID-19.

Fed tightening fears eased somewhat after several Fed officials hinted at a slower pace of rate hikes going forward.

Investors expect the Fed to downshift to a quarter-percentage point increase when officials meet Jan. 31-Feb. 1.

The benchmark DAX was up73 points, or half a percent, at 14,996 after tumbling 1.7 percent in the previous session.

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FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.

RTTNews | 1h 38min ago

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.

RTTNews | 2h 36min ago

DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.

RTTNews | 3h 2min ago

Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains

Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains

Indian shares rose notably on Wednesday, with U.S. shutdown resolution and growing optimism over a potential trade deal with the United States boosting sentiment.

RTTNews | 4h 0min ago

Yen Falls After Japan PM Takaichi Comments

Yen Falls After Japan PM Takaichi Comments

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.

RTTNews | 5h 1min ago

European Shares Climb On Hopes Of US Shutdown Ending

European Shares Climb On Hopes Of US Shutdown Ending

European stocks hit a new record peak on Wednesday as an effort to end the longest-ever U.S. government shutdown headed to a final vote in the House of Representatives.

RTTNews | 5h 2min ago

Asian Shares Mixed As Tech Stocks Drag

Asian Shares Mixed As Tech Stocks Drag

Asian stocks ended mixed on Wednesday as concerns persisted about a potential Artificial Intelligence (AI)-driven market bubble and new data added to signs of a weakening U.S. labor market.

RTTNews | 5h 39min ago

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

RTTNews | 7h 4min ago

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