DAX Climbs Ahead Of Key US Inflation Data

RTTNews | Před 507 dny
DAX Climbs Ahead Of Key US Inflation Data

(RTTNews) - German stocks climbed on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March.

The core Personal Consumption Expenditures (PCE) Price Index, the U.S. Federal Reserve's preferred inflation measure, will be published later today.

The benchmark DAX was up 131 points, or 0.7 percent, at 18,048 after losing 1 percent in the previous session.

In corporate news, Thyssenkrupp soared 10 percent after the conglomerate has agreed to sell a 20 percent stake in its steel business to EP Corporate Group (EPCG).

Medigene AG, a biotechnology company, fell 2.5 percent despite posting higher revenue in the first quarter and reaffirming its annual revenue guidance.

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China Industrial Output, Retail Sales Miss Expectations

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China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus. Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday.
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European Economic News Preview: Eurozone Foreign Trade Data Due

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Australian Market Slashes Early Losses In Mid-market

Australian Market Slashes Early Losses In Mid-market

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Asian Markets Trade Mostly Higher

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Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in six straight sessions, adding more than 40 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,295-point plateau although it may be stuck in neutral on Monday.
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Lower Open Called For Indonesia Stock Market

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RTTNews | Před 8 h 18 min
Hong Kong Shares Tipped To Open To The Downside On Monday

Hong Kong Shares Tipped To Open To The Downside On Monday

The Hong Kong stock market bounced higher again on Friday, one day after ending the four-day winning streak in which it had climbed almost 1,250 points or 4.9 percent. The Hang Seng Index now sits just beneath the 26,390-point plateau although it figures to find renewed selling pressure on Monday.
RTTNews | Před 8 h 33 min
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, giving up the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,800.00 level, with weakness across all sectors lod by mining and technology stocks.
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