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DAX Gains With Focus On Fed Meeting
(RTTNews) - German stocks were modestly higher on Friday, heading into next week's FOMC meeting, where a 25-bps interest-rate cut is expected.
The euro edge higher after ECB policymakers signaled no further rate cuts in the immediate future.
ECB official Joachim Nagel stated that inflation in the euro zone is going in the right direction and the inflation target is likely to be reached at the end of next year.
The benchmark DAX was up 72 points, or 0.4 percent, at 18,590 after rallying 1 percent in the previous session.
Commerzbank shares rallied 2.2 percent. The head of Germany's central bank said that authorities would take a "very close look" at UniCredit's overtures to potentially buy the German bank.
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European Shares Inch Higher As Trade Tensions Ease
European stocks were slightly higher in cautious trade on Thursday in the leadup to U.S. jobs data due later in the day.
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Asian Shares Mixed Before US Jobs Report
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The Canadian dollar strengthened against other major currencies in the European session on Thursday, as European stocks traded higher as investors assess the U.S.-Vietnam deal and look ahead to a decisive round of trade talks in Washington.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the European session on Thursday.
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China Services Activity Logs Softest Growth In 9 Months
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European Economic News Preview: Eurozone Final Composite PMI Data Due
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Sensex, Nifty Marginally Higher In Cautious Trade
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