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DAX Inches Higher In Cautious Trade As Banks Gain
(RTTNews) - German stocks were modestly higher in cautious trade on Monday as investors awaited speeches from European Central Bank policymakers including chief Christine Lagarde later in the day for new hints about whether the central bank will cut interest rates again when it meets in December.
Upcoming regional inflation data, euro zone November flash PMIs and Nvidia earnings also remain on investors' radar.
The benchmark DAX was up 38 points, or 0.2 percent, at 19,248 after declining 0.3 percent on Friday.
Banks traded higher, with Commerzbank climbing 1.4 percent and Deutsche Bank adding 0.9 percent.
The EUR/USD consolidated above 1.0500 after Fed Chair Jerome Powell emphasized that there is no need to rush for interest-rate cuts.
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TSX Settles Roughly Flat
The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
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8h 2min ago
Euro Climbs Against Most Majors
The euro firmed against its most major counterparts in the New York session on Friday.
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12h 0min ago
Swiss Market Ends Slightly Down
After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
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14h 45min ago
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.
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15h 5min ago
TSX Up Marginally After Posting New Record High
The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
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16h 14min ago
German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
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19h 42min ago
Bay Street Headed For Weak Start
Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
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20h 5min ago
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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20h 13min ago
