DAX Edges Higher Ahead Of Busy Week For Economic Data

RTTNews | 640 days ago
Stocktwits
DAX Edges Higher Ahead Of Busy Week For Economic Data

(RTTNews) - German stocks advanced on Monday ahead of a slew of key U.S. and Chinese data due this week and the European Central Bank's next rate decision Thursday, with the central bank expected to hike all three policy rates by 25 basis points.

The benchmark DAX rose 62 points, or 0.4 percent, to 15,803 after closing up 0.1 percent on Friday.

Hannover rose over 1 percent. The reinsurance firm said that it expects a further price increase in the global reinsurance market, citing ongoing geopolitical issues, increasing frequency and severity of natural catastrophe losses as well as high inflation.

Covestro AG jumped more than 3 percent. The maker of high-tech polymer materials has decided to enter into open-ended talks with Abu Dhabi National Oil Co. or Adnoc regarding a potential offer.

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FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 17 minutes ago
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 30 minutes ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 43 minutes ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1h 48min ago
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