DAX Climbs Led By Banks

RTTNews | 1043 days ago
Stocktwits
DAX Climbs Led By Banks

(RTTNews) - German stocks advanced on Tuesday after China said it would step up measures to boost demand and stabilize employment and prices in the second half of the year.

The benchmark DAX rallied 170 points, or 1.3 percent, to 13,063 after declining 0.6 percent in the previous session.

Banks topped the gainers list, with Commerzbank and Deutsche Bank rising more than 2 percent on expectations that they would benefit from higher interest rates.

After a number of ECB officials spoke in favor of rate hikes, traders are now pricing in more than a two-thirds chance of a 75-basis-point move at the central bank's September 8 policy meeting.

Energy company Uniper rose over 1 percent after saying it had asked more financial help from the German government.

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UK Stocks Turning In Mixed Performance In Cautious Trade

UK Stocks Turning In Mixed Performance In Cautious Trade

U.K. stocks are turning in a mixed performance Tuesday morning as investors are treading cautiously, keeping track of U.S. President Donald Trump's tariff plans and the potential risks to global economic growth.
RTTNews | 5h 26min ago
CAC 40 Slightly Lower In Lackluster Trade

CAC 40 Slightly Lower In Lackluster Trade

French stocks are slightly lower on Tuesday with investors making cautious moves while closely following the developments on the trade front.
RTTNews | 6h 13min ago
Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 6h 24min ago
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