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DAX Extends Gains Ahead Of US Jobs Data
(RTTNews) - German stocks rose on Friday to extend gains from the previous session as the U.S. pulled back from the brink of default and comments from a Federal Reserve official suggested a pause in interest rate hikes at the June policy meeting.
The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.
The benchmark DAX was up 127 points, or 0.8 percent, at 15,981 after rallying 1.2 percent in the previous session.
Sportswear maker Puma jumped nearly 4 percent and peer Adidas rallied 3.5 percent after U.S. retailer Lululemon Athletica posted strong results for its latest quarter and raised its annual sales and profit forecasts.
ProSiebenSat.1 climbed 2.3 percent after Czech investment group PPF raised its stake in the media group.
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UK House Prices Remain Flat In June: Halifax
UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday. House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent. At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding
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1h 5min ago
European Markets Seen Opening Mixed On Monday
Stock markets in Europe are expected to open on a mixed note on Monday as relief at the extension of the tariff deadline to August 1 and warnings of fresh tariffs on countries that align with BRICS policies are both expected to sway sentiment.
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2h 14min ago
European Economic News Preview: Germany Industrial Output Data Due
Industrial production from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Industrial production is forecast to fall 0.6 percent month-on-month, slower than the 1.4 percent decrease in April. In the meantime, UK Halifax house price data is due.
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2h 52min ago
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Monday, reversing the slight gains in the previous session, following the negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
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4h 48min ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Monday, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, amid ongoing concerns about U.S. tariffs after US President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
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5h 37min ago
Lower Open Anticipated For Thai Stock Market
The Thai stock market on Friday ended the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,120-point plateau and it's expected to see further downside on Monday.
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6h 18min ago
Indonesia Shares May Open In The Red On Monday
The Indonesia stock market has finished lower in four straight sessions, slumping more than 60 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 6,865-point plateau and it's expected to open under pressure again on Monday.
RTTNews
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6h 48min ago
Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the slight losses in the previous session, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, with the Nikkei 225 falling below the 39,600 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
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6h 54min ago
