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DAX Gains After Friday's Selloff
(RTTNews) - German stocks traded higher on Monday after suffering heavy losses in the previous session on concerns the Federal Reserve will keep raising rates to tame inflation.
The benchmark DAX was up 167 points, or 1.10 percent, at 15,376 after tumbling 1.7 percent on Friday.
Lender Commerzbank was up 4 percent, sports goods maker Adidas surged nearly 3 percent and online fashion retailer Zalando added 1.5 percent.
Basler AG rose half a percent. The manufacturer of computer vision components reported a 3 percent rise in earnings after tax for fiscal 2022 and said it has started 2023 with an increased order backlog.
The dollar edged lower in European trade but remained elevated, while the German 10-year Bund yield declined slightly.
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Swiss Market Ends On Firm Note
Swiss stocks turned in a fine performance on Thursday, in line with most of the markets across Europe, amid optimism about a U.S.-EU trade deal materialising sometime soon.
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2h 25min ago
European Stocks Close Broadly Higher On Trade Deal Hopes
European stocks closed on a positive note on Thursday with the undertone remaining firm amid expectations the European Union and the U.S. will strike a trade deal soon. Investors also looked ahead to the earnings season that is set to start next week.
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2h 43min ago
Canadian Market Modestly Higher At Noon
After a flat start and a subsequent drop into negative territory, the Canadian market climbed higher Thursday morning and remained firmly well placed in positive territory at noon.
The mood remains somewhat cautious amid concerns about tariffs following U.S. President Donald Trump confirming a 50% levy on copper imports, and hinting at additional tariffs on semiconductors and pharmaceuticals.
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4h 4min ago
U.S. Jobless Claims Unexpectedly Slip To 227,000
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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6h 21min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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7h 34min ago
Bay Street Seen Opening On Mixed Note
Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
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7h 37min ago
FTSE 100 Rises To Record High As Mining Stocks Rally
The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector.
The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
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8h 46min ago
CAC 40 Moderately Higher On Trade Deal Hopes
French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
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9h 21min ago
