DAX Up Nearly 0.5%, Hits 5-week High

RTTNews | 5 hari yang lalu
DAX Up Nearly 0.5%, Hits 5-week High

(RTTNews) - German stocks are up in positive territory on Friday, rising for the third consecutive session, and the benchmark DAX has hit a more than 5-week high, as some strong earnings updates and hopes about a positive outcome from U.S. President Donald Trump and Russian President Vladimir Putin's meeting help underpin sentiment.

It is hoped that the Trump-Putin summit, which takes place in Alaska later in the day, might help end the war in Ukraine. Investors are also closely following the developments on the trade front.

The benchmark DAX was up 108.47 points or 0.45% at 24,475.29 a little while ago.

Healthcare and auto stocks are among the prominent gainers.

Brenntag, Mercedes-Benz, BMW, RWE, Beiersdorf, BASF, Bayer and Merck are gaining 1.5 to 2%.

Siemens, Volkswagen, Deutsche Post, Porsche, Fresenius Medical Care, Siemens Healthineers, Porsche Automobil Holding and Daimler Truck Holding are up 1 to 1.4%.

Infineon Technologies is up nearly 1% after completing the acquisition of Marvell Technology Inc.'s Automotive Ethernet business.

Rheinmetall is down 3.7%. Siemens Energy and MTU Aero Engines are down 1.5% and 1%, respectively. E.ON, Commerzbank, Zalando and Zalando are lower by 0.25 to 0.8%.

read more
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Thursday as investors await the latest PMI data from the region and look forward to key speeches from Fed officials when they convene in Jackson Hole, Wyoming, for the Fed's annual economic symposium.
RTTNews | 21 minit yang lalu
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. At 3.15 am ET, S&P Global publishes France flash PMI survey results.
RTTNews | 26 minit yang lalu
Sensex, Nifty Extend Gains In Cautious Trade

Sensex, Nifty Extend Gains In Cautious Trade

Indian shares traded higher for a sixth consecutive session on Thursday, though overall gains remained limited due to mixed global cues ahead of the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell is due to speak.
RTTNews | 1j 17min yang lalu
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
RTTNews | 2j 34min yang lalu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | 2j 57min yang lalu
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 3j 59min yang lalu
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 4j 8min yang lalu