DAX Inches Higher As US Avoids Government Shutdown

RTTNews | vor 639 Tagen
Stocktwits
DAX Inches Higher As US Avoids Government Shutdown

(RTTNews) - German stocks were seeing modest gains on Monday after the U.S. Congress passed a stopgap funding bill, averting for now a looming government shutdown.

Meanwhile, investors shrugged off the results of a survey showing that Germany's manufacturing sector remained mired in a downturn in September as a result of weak demand and falling output.

The HCOB final Purchasing Managers' Index (PMI) for manufacturing rose to 39.6 from 39.1 in August, and below the 39.8 of the flash estimate.

The benchmark DAX was up 39 points, or 0.3 percent, at 15,425 after gaining 0.4 percent on Friday.

Deutsche Bank edged down slightly on reports that the country's financial regulator has appointed a special monitor to oversee the lender's handling of consumer service problems at its Postbank unit.

Insurer Allianz SE was little changed after extending the mandate of Oliver Bate as Chairman and Chief Executive Officer.

Stocktwits
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Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
RTTNews | vor 2Std 1 Minuten
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
RTTNews | vor 3Std 30 Minuten
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
RTTNews | vor 4Std 6 Minuten
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

The U.K. market is up marginally a little past noon on Wednesday with stock moving in a tight range as investors await fresh developments on the trade front.
RTTNews | vor 4Std 20 Minuten
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.
RTTNews | vor 4Std 35 Minuten
CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

French stocks are up firmly in positive territory on Wednesday, recovering well from previous session's losses. Investors are continuing to focus on the developments on the trade front ahead of the July 9 deadline for U.S.' reciprocal tariffs.
RTTNews | vor 4Std 52 Minuten
German Market Up Slightly; Auto Stocks Move Higher

German Market Up Slightly; Auto Stocks Move Higher

German stocks are up in positive territory on Wednesday after back-to-back losses, with investors making some selective buying while closely watching the trade negotiations after U.S. President Donald Trump ruled out the possibility of any extension beyond the July 9 deadline for reciprocal tariffs.
RTTNews | vor 5Std 30 Minuten
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