DAX Gains As Consumer Sentiment Improves

RTTNews | 245 days ago
Stocktwits
DAX Gains As Consumer Sentiment Improves

(RTTNews) - German stocks eked out modest gains on Tuesday after a survey showed Germany's consumer confidence is set to recover more strongly in November to hit a more than two-and-a-half-year high.

The forward-looking consumer sentiment index rose to -18.3 in November from a revised value of -21.0 in October as both income expectations and the willingness to buy showed a back-to-back improvement, according to a survey conducted by the market research group GfK and the Nuremberg Institute for Market Decisions (NIM).

This is the highest value since April 2022, although the level of consumer climate still remains low, the GFK said.

The benchmark DAX was up 53 points, or 0.3 percent, at 19,585 after gaining 0.4 percent the previous day.

In corporate news, sportswear maker Adidas advanced 1.7 percent after posting solid third-quarter results and raising its annual profit target for the third quarter in a row.

Lufthansa fell 2.6 percent as the airline reported a 9 percent year-on-year decline in its third-quarter operating profit.

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UK House Price Inflation Softens In June

UK House Price Inflation Softens In June

UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
RTTNews | 11 minutes ago
European Economic News Preview: Eurozone Flash Inflation, Final PMI Due

European Economic News Preview: Eurozone Flash Inflation, Final PMI Due

Flash inflation and final factory Purchasing Managers' survey results from the euro area and unemployment from Germany are top economic news due on Tuesday. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 3.3 percent on a yearly basis, slower than the 3.5 percent increase in May.
RTTNews | 1h 22min 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 trading on Tuesday, but extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains across most sectors led by gold miners and technology stocks. Iron ore miners were the only weak spot.
RTTNews | 3h 50min ago
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Tuesday, following the broadly positive cues from Wall Street overnight, amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs early next month. Market sentiment also improved as the truce in the 12-day war between Israel and Iran continued to hold without violations from either side.
RTTNews | 4h 11min ago
Thai Stock Market May Extend Monday's Gains

Thai Stock Market May Extend Monday's Gains

The Thai stock market on Monday halted the two-day slide in which it had given up more than 25 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,090-point plateau and it's tipped to open in the green again on Tuesday.
RTTNews | 5h 11min ago
Indonesia Stock Market May Add To Its Winnings

Indonesia Stock Market May Add To Its Winnings

The Indonesia stock market has moved higher in two straight sessions, collecting almost 100 points or 1.3 percent along the way. The Jakarta Composite Index now sits just above the 6,925-point plateau and it may open to the upside again on Tuesday.
RTTNews | 5h 41min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, snapping a five-session winning streak, despite the broadly positive cues from Wall Street overnight, with the Nikkei 225 falling below the 40,100 level, with weakness across most sectors led by index heavyweights and financial stocks.
RTTNews | 5h 42min ago
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