DAX Rebounds Ahead Of US Jobs Data

RTTNews | Pred 1098 dňami
DAX Rebounds Ahead Of US Jobs Data

(RTTNews) - German stocks rebounded on Friday as investors anxiously await a key U.S. monthly jobs report later in the day that will give more information about the state of the world's largest economy.

Meanwhile, market participants shrugged off data showing that German exports dropped for the first time in four months in July.

Exports decreased 2.1 percent on a monthly basis, in contrast to the 4.2 percent increase in June, Destatis reported. This was the first decrease in four months and slower than economists' forecast of -2.3 percent.

The benchmark DAX jumped 178 points, or 1.4 percent, to 12,809 after falling 1.6 percent the previous day.

Food and beverages company GEA Group AG gained 1 percent. The company said it is investing 70 million euros to construct a new pharmaceutical technology center for freeze dryers in Germany.

Automakers advanced, with Volkswagen climbing more than 3 percent. Tech stocks rebounded, with Infineon Technologies rising 1.1 percent.

Airline Lufthansa rallied nearly 3 percent despite a pilots' strike.

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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
RTTNews | Pred 19 minútami
Japanese Market Significantly Higher

Japanese Market Significantly Higher

Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 42,900 level, with gains across most sectors led by index heavyweights, automakers and technology stocks.
RTTNews | Pred 1 h 39 min
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

The Thai stock market on Thursday snapped the three-day winning streak in which it had jumped almost 24 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to bounce higher again on Friday.
RTTNews | Pred 1 h 46 min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains in financial stocks and a mixed performance across most other sectors.
RTTNews | Pred 1 h 59 min
Hang Seng Tipped To End Losing Streak

Hang Seng Tipped To End Losing Streak

The Hong Kong stock market has moved lower in three straight sessions, sinking more than 550 points or 2.2 percent in that span. The Hang Seng Index now sits just shy of the 25,060-point plateau although it's due for support on Friday.
RTTNews | Pred 2 h 1 min
China Stock Market May Find Traction On Friday

China Stock Market May Find Traction On Friday

The China stock market has moved lower in three straight sessions, dropping more than 110 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,760-point plateau although it may stop the bleeding on Friday.
RTTNews | Pred 2 h 16 min
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has tracked higher in consecutive trading days, collecting more than 160 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,180-point plateau expected to open to the upside again on Friday.
RTTNews | Pred 2 h 46 min