DAX Holds Steady On China Growth Optimism

RTTNews | Před 783 dny
DAX Holds Steady On China Growth Optimism

(RTTNews) - German stocks were steady on Tuesday after China's premier said economic growth is accelerating and policymakers will take steps to boost demand.

China's GDP growth in the second quarter is likely to be higher than the first and could reach the annual economic growth target of around 5 percent, Chinese Premier Li Qiang said while addressing a World Economic Forum summit in Tianjin.

The benchmark DAX was marginally higher at 15,819 after finishing 0.1 percent lower on Monday.

Banks Commerzbank and Deutsche Bank were up 1.4 percent and 0.8 percent, respectively.

Automobile Major Porsche Automobil Holding SE fell over 1 percent.

The company has signed a 5-year revolving credit facility of 2.5 billion euros with a view to further strengthening Porsche's liquidity position.

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Asian Shares Rise As Alaska Talks Show Progress

Asian Shares Rise As Alaska Talks Show Progress

Asian stocks rose broadly on Monday as investors reacted to ongoing U.S.-Russia talks on Ukraine and looked ahead to upcoming Federal Reserve Jerome Powell's Jackson Hole speech for clues on whether the U.S. central bank will cut interest rates next month. The summit between U.S. President Donald Trump and Russian President Putin in Alaska yielded no concrete agreements, but Russia agreed to "game-changing" security guarantees for Ukraine, helping inject new momentum into stalled efforts to end the Russia-Ukraine war.
RTTNews | Před 38 minutami
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | Před 3 h 24 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | Před 3 h 35 min
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | Před 4 h 56 min
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | Před 5 h 49 min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | Před 6 h 11 min