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DAX Edges Higher On Improved PMI Data
(RTTNews) - German stocks traded slightly higher on Thursday after a survey showed the downturn in the economy eased in November.
The HCOB Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to a four-month high of 47.1 from 45.9 in October.
The benchmark DAX was up 21 points, or 0.1 percent, at 15,978 after rising 0.4 percent in the previous session.
Wind turbine maker Nordex fell 0.7 percent despite bagging on order from BioConstruct GmbH, a renewable energy solutions provider, to supply and install six N163/6.X turbines for the Bosel-West wind farm in Lower Saxony, Germany.
Kontron rose about 1 percent after an announcement that it has achieved another design win with revenues of around 50 million euros.
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Sensex Drops 542 Points On Trade Deal Uncertainty; Nifty Dips Below 25,100
Indian shares fell notably on Thursday as investors fretted over stalled India-U.S. trade deal, slowing earnings growth and recent selling by foreign portfolio investors.
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11 minutes ago
Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance
Shares of Deutsche Bank AG were gaining around 7 percent in the morning trading in Germany and around 6 percent in the pre-market activity on the NYSE, after the banking major reported Thursday a net profit in its second quarter, compared to prior year's loss, mainly on the non-recurrence of a litigation provision, and higher revenues.
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16 minutes ago
German Consumer Sentiment To Weaken In August: GfK
Consumer confidence in Germany is set to deteriorate in August as households preferred to save rather than spend due to the escalating uncertainty, survey data from the market research group GfK revealed on Thursday. The Consumer Climate indicator dropped unexpectedly to -21.5 points in August from -20.3 points in July. The score was forecast to improve to -19.4.
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17 minutes ago
CAC Flat In Cautious Trade As Investors Focus On Earnings
French stocks are turning in a mixed performance on Thursday with investors making cautious moves despite growing optimism the U.S. and EU will arrive at a trade agreement soon.
Investors are digesting corporate earnings updates, and await the European Central Bank's monetary policy announcement due later in the day.
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22 minutes ago
DAX Up Nearly 1% As Stocks Extend Gains On Trade Deal Optimism
German stocks are notably higher on Thursday, extending gains from the previous session, thanks to rising optimism about trade following reports the US and EU are heading towards a deal that will see implementation of 15% tariffs on select European imports, as well as scrapping of some duties.
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46 minutes ago
European Shares Extend Gains Before ECB Rate Decision
European shares traded higher on Thursday to hit a six-week high as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision later in the day.
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1h 33min ago
Asian Shares Follow Wall Street Higher On Trade Deal Optimism
Asian stocks advanced on Thursday as companies like Alphabet and SK Hynix posted encouraging earnings and media reports suggested that the EU and U.S. are closing in on a trade deal that would impose 15 percent tariffs on European imports.
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2h 6min ago
Antipodean Currencies Rise As Trade Optimism Prevails
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the European session on Thursday, after reports emerged that the U.S. and EU are edging closer to a trade deal.
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2h 47min ago
