DAX Extends Gains On Economic Optimism

RTTNews | 322 days ago
Stocktwits
DAX Extends Gains On Economic Optimism

(RTTNews) - German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next month's upcoming policy meeting.

The benchmark DAX was up half a percent at 18,275 after rallying 1.7 percent the previous day.

Banks and automakers traded higher, with Deutsche Bank, Volkswagen and Mercedes Benz all rising around 1 percent.

The dollar was slightly lower against the euro and pound after the release of upbeat consumer spending and labor market data.

Traders' attention now shifts to the annual Jackson Hole Economic Symposium, which traditionally brings together the heads of the world's leading central banks. This year's event will be held on August 22-24.

Stocktwits
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European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey from Germany and industrial production from France and Spain are the top economic news due on Friday. At 2.00 am ET, Destatis publishes Germany's industrial orders data for May. Orders are forecast to fall 0.2 percent month-on-month, in contrast to the 0.6 percent increase in April.
RTTNews | 1h 19min ago
Sensex, Nifty Little Changed On Tariff Worries

Sensex, Nifty Little Changed On Tariff Worries

Indian shares were little changed in cautious trade on Friday as U.S. President Donald Trump warned countries to strike deals before the deadline or face tariffs.
RTTNews | 1h 59min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.
RTTNews | 3h 19min ago
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continue to be cautious amid ongoing uncertainty over trade deals between the U.S. and its trade partner countries as well as the threat of heavy tariffs. Meanwhile, the stronger-than-expected U.S. jobs report helped ease investor concerns about a potential economic slowdown.
RTTNews | 3h 25min ago
Sensex, Nifty Seen Slightly Higher At Open

Sensex, Nifty Seen Slightly Higher At Open

Indian shares look set to open on a positive note Friday as a stronger-than-expected U.S. jobs report helped ease investor concerns about a potential economic slowdown.
RTTNews | 4h 10min ago
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in four straight sessions, collecting almost 50 points or 4.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,125-point plateau and it's expected to see further upside on Friday.
RTTNews | 4h 41min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

Extending the slight gains in the previous session, the Japanese market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,850 level, with gains in exporters, financial and technology stocks.
RTTNews | 5h 0min ago
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