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DAX Holds Steady On Mixed Data
(RTTNews) - German stocks were steady on Monday after U.S. President Joe Biden signed legislation that lifts the nation's debt ceiling.
There was some cheer on the data front, with German trade surplus widening to €18.4 billion from €14.9 billion as exports unexpectedly rose 1.2 percent and imports fell 1.7 percent in April.
Separate data showed Eurozone business growth slowed in May. HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to a three-month low 52.8 in May from April's 54.1.
The benchmark DAX was marginally higher at 16,056 after rising 1.3 percent on Friday.
Asian stocks ended mostly higher earlier in the day while U.S. stock futures point to Wall Street holding near 10-monht highs.
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TSX Settles Roughly Flat
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Euro Climbs Against Most Majors
The euro firmed against its most major counterparts in the New York session on Friday.
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Swiss Market Ends Slightly Down
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TSX Up Marginally After Posting New Record High
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German Factory Orders Log Bigger-Than-Expected Fall
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Bay Street Headed For Weak Start
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UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
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