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DAX Holds Steady As Business Activity Improves

RTTNews | 27 days ago

DAX Holds Steady As Business Activity Improves

(RTTNews) - German stocks held steady on Thursday after the release of encouraging private sector PMI numbers.

The manufacturing sector's pace of contraction slowed in May and the services sector outperformed, helping underpin sentiment.

The HCOB Manufacturing PMI improved to 45.4 from April's 42.5 while the Services PMI rose from 53.2 to 53.9.

The benchmark DAX was up 22 points, or 0.1 percent, at 18,702 after falling 0.3 percent the previous day.

Nvidia's shares jumped nearly 7 percent in Frankfurt after record sales of artificial intelligence chips sent the company's revenue soaring 262 percent in the past quarter.

Ticketing firm CTS Eventim climbed 9 percent after Q1 EBITDA beat forecasts.

Merck KGaA, a leading science and technology company, was marginally higher after it agreed to a $600m deal to buy life science company Mirus Bio.

Gerresheimer soared 12 percent. The packaging and medical equipment maker Gerresheimer has signed a purchase agreement for acquiring Blitz LuxCo Sarl.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from other global markets overnight, as traders largely stayed reluctant to make significant moves amid a lack of any new catalyst after a holiday on Wall Street and mixed cues from other global markets. Asian Markets closed mixed on Wednesday.

RTTNews | 4h 14min ago

Sensex, Nifty Seen Marginally Higher At Open

Sensex, Nifty Seen Marginally Higher At Open

Indian shares are seen opening marginally higher on Thursday, with FMCG stocks likely to be in focus after the Union Cabinet approved an increase in the Minimum Support Prices (MSPs) for all 14 kharif crops.

RTTNews | 5h 8min ago

Japanese Market Significantly Lower

Japanese Market Significantly Lower

Giving up the gains in the previous two sessions, the Japanese market is significantly lower on Thursday, following the mixed cues from other global markets overnight. The Nikkei 225 is falling below the 38,300 level, with losses across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 5h 14min ago

Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower on Thursday in choppy trading, adding to the slight losses in the previous session, as the market searches for direction, following the mixed cues from other global markets overnight. The benchmark S&P/ASX 200 is staying well above the 7,700 level, with losses in some mining and financial stocks.

RTTNews | 6h 12min ago

TSX Drops To 14-week Low

TSX Drops To 14-week Low

The Canadian market ended at a 14-week low on Wednesday after a lackluster session, as investors looked for direction and largely stayed reluctant to make significant moves.

RTTNews | 8h 40min ago

Canadian Market Remains Weak In Lackluster Trade

Canadian Market Remains Weak In Lackluster Trade

The Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in industrials, financials and consumer staples sectors.

RTTNews | 12h 31min ago

Swiss Market Ends Marginally Higher After Lackluster Session

Swiss Market Ends Marginally Higher After Lackluster Session

The Switzerland market ended marginally up on Wednesday after a choppy session, as investors largely refrained from making significant moves ahead of the central bank's policy announcement on Thursday.

RTTNews | 13h 11min ago

European Stocks Close Broadly Lower Ahead Of ECB, SNB Policy Announcements

European Stocks Close Broadly Lower Ahead Of ECB, SNB Policy Announcements

European stocks closed broadly lower on Wednesday with investors continuing to follow the developments on the political front in Europe, and looking for fresh triggers from elsewhere.

RTTNews | 13h 24min ago

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