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DAX Edges Higher On Fed, ECB Rate Cut Hopes
(RTTNews) - German stocks traded slightly higher on Monday as weaker-than-expected April U.S. jobs report released on Friday along with separate data showing an unexpected contraction in U.S. service sector activity in April boosted the case for rate cuts by the third quarter.
Closer home, media reports quoted European Central Bank Chief Economist Philip Lane as saying that inflation is returning to the target in a timely manner and hence there is a stronger case for June rate cut.
He is one of the six members of the Executive Board of the European Central Bank, along with President Christine Lagarde and Vice President Luis de Guindos.
The benchmark DAX was up 49 points, or 0.3 percent, at 18,050 after rising 0.6 percent on Friday.
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European Shares Edge Higher After PMI Data
European stocks traded higher on Tuesday after a measure of Eurozone business activity hit a 16-month high in September.
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30 นาทีที่ผ่านมา
Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Tuesday, with Japanese markets closed for a public holiday and Hong Kong preparing for Typhoon Ragasa, which is expected to pass the city in the next 24 hours.
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47 นาทีที่ผ่านมา
European Shares Seen Flat To Higher At Open
European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.
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3 ชม. 55 นาทีที่ผ่านมา
European Economic News Preview: Eurozone Flash PMI Data Due
Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.
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4 ชม. 10 นาทีที่ผ่านมา
Sensex, Nifty Extend Losses In Cautious Trade
Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.
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4 ชม. 50 นาทีที่ผ่านมา
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.
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5 ชม. 59 นาทีที่ผ่านมา
Asian Markets Mixed Amid Cautious Trades
Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.
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6 ชม. 24 นาทีที่ผ่านมา
Sensex, Nifty Seen Lower At Open
Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.
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6 ชม. 55 นาทีที่ผ่านมา
