DAX Holds Steady Ahead Of PMI Data
(RTTNews) - German stocks were largely steady on Tuesday as investors assessed the outlook for economic and corporate earnings growth against the backdrop of slowing inflation.
Underlying sentiment remained supported somewhat after survey data from GfK showed Germany's consumer confidence is set to improve for the fourth month in a row in February.
The forward-looking consumer confidence index climbed to -33.9 from -37.6 in January, which was revised from -37.8. However, economists had expected a higher reading of -33. The survey period was from January 5 to 16.
The benchmark DAX was marginally higher at 15,108 after gaining around half a percent in the previous session.
The release of flash purchasing managers' index data from the euro zone may sway sentiment as the day progresses.
Swiss Market Ends Modestly Lower
European Stocks Close Lower After Cautious Session
Canadian Market Recovers After Early Setback
U.S. Construction Spending Unexpectedly Rises 0.2% In August
New York Manufacturing Index Unexpectedly Jumps To One-Year High In November
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges
Bay Street Likely To See Mixed Start
