DAX Rises On US Rate Cut Optimism

RTTNews | 409 hari yang lalu
DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

read more
DAX Dips As Middle East Crisis Deepens

DAX Dips As Middle East Crisis Deepens

Amidst weak sentiment triggered by the U.S. attacks on Iran and fears of Iran's response thereto, the DAX is trading in mildly negative territory.
RTTNews | 35 minit yang lalu
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the European session on Monday.
RTTNews | 1j 22min yang lalu
Sensex, Nifty End Off Day's Lows

Sensex, Nifty End Off Day's Lows

Indian shares fell on Monday, but ended off their day's lows as markets apparently took the U.S. strikes against nuclear targets in Iran in their stride and waited to see how Iran reacts and what happens to Tehran's nuclear program.
RTTNews | 1j 24min yang lalu
German Private Sector Returns To Growth

German Private Sector Returns To Growth

Germany's private sector returned to growth in June, led by the manufacturing sector, flash data from S&P Global revealed on Monday.The HCOB composite output index stood at 50.4 in June, rebounding from a five-month low of 48.5 in May. A reading above the neutral 50.0 level signals expansion in the sector. Growth in manufacturing output was partly offset by a slower reduction in services activty
RTTNews | 1j 41min yang lalu
Antipodean Currencies Fall Amid Risk-Off Mood

Antipodean Currencies Fall Amid Risk-Off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Monday due to increased risk-off mood by the investors, amid escalation in the middle east conflict after the U.S. joined Israel in the weeks-long war with Iran, with U.S. carrying out a "successful" airstrike on three nuclear sites in Iran over the weekend. This has heightened fears of a broader regional conflict.
RTTNews | 1j 50min yang lalu
French Private Sector Downturn Deepens

French Private Sector Downturn Deepens

France's private sector output declined further in June as both manufacturing and services activity entered the contraction territory, flash survey results from S&P Global showed on Monday. The HCOB flash composite output index declined to 48.5 in June from 49.3 in the previous month. A reading below 50.0 indicates contraction.
RTTNews | 2j 7min yang lalu