DAX Rallies On Dovish Fed

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DAX Rallies On Dovish Fed

(RTTNews) - German stocks rallied on Thursday as investors welcomed dovish signals from the Federal Reserve and awaited interest-rate announcements from the European Central Bank and the Bank of England.

The benchmark DAX was up 225 points, or 1.3 percent, at 16,991 after declining 0.2 percent in the previous session.

Bayer rose over 2 percent after it announced a collaboration with Iktos to expand the use of AI in the discovery and development of new sustainable crop protection products.

Evotec jumped 6.2 percent. The life science company partnered with Charité - Universitätsmedizin Berlin, one of the largest university hospitals in Europe, to create a molecular patient database for ANCA-associated vasculitis.

MorphoSys tumbled 3.2 percent. The biotech company said that it is raising its current share capital to 37.655 million euros from 34.231 million euros.

New shares numbering 3,423,194 have been placed with institutional investors at 30 euros per share by way of an accelerated book building, for gross proceeds of around 102.7 million euros.

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Canadian Market Looks Headed For Another Positive Close

Canadian Market Looks Headed For Another Positive Close

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Swiss Market Closes On Buoyant Note

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.
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European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.
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U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
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U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
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U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

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U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
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U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.
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