DAX Rallies Led By Automakers

RTTNews | 1065 hari yang lalu
DAX Rallies Led By Automakers

(RTTNews) - German stocks rallied on Thursday after the FOMC meeting minutes showed that policymakers are determined to tame soaring inflation.

Investors shrugged off data showing that German industrial production grew less than expected in May.

Industrial production grew 0.2 percent in May from April, when output was up by revised 1.3 percent, Destatis reported. Output was expected to climb 0.4 percent.

On a yearly basis, industrial output declined 1.5 percent after easing 2.5 percent in April.

The benchmark DAX jumped 227 points, or 1.8 percent, to 12,821 after rallying 1.6 percent in the previous session.

Nordex AG shares climbed 3.4 percent. The German wind turbine maker reported higher order intake in the second quarter with strong demand. Separately, the company said it received order for 59 MW in Finland from Falck Renewables.

Automakers were moving higher, with BMW surging 4.5 percent and Volkswagen adding 5.5 percent.

Lufthansa gained 2.5 percent after logistics entrepreneur Klaus-Michael Kuehne increased his stake in the German flag carrier to 15 percent from 10 percent.

read more
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 2j 18min yang lalu
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 3j 50min yang lalu
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 4j 15min yang lalu
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 4j 52min yang lalu
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 5j 53min yang lalu
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 7j 57min yang lalu
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 9j 19min yang lalu