DAX Slightly Higher As Bond Selloff Abates
(RTTNews) - German stocks traded higher on Thursday as a bond selloff passed after the release of weak U.S. data.
The upside remained capped as German exports data disappointed.
Data from the federal statistics office showed that German exports fell 1.2 percent in August from the previous month, compared with a 0.4 percent decline forecast by analysts and a downward-revised 1.9 percent fall in July.
The benchmark DAX was up 46 points, or 0.30 percent, at 15,146 after finishing marginally higher the previous day.
In corporate news, wind turbine maker Nordex SE rallied 2.6 percent after bagging an order for 45 MW wind turbines from Enerfin, a renewable energy unit of Spanish engineering company, Elecnor Group.
SMA Solar Technology shares soared 15 percent. The solar energy equipment supplier raised its guidance for the full year 2023, citing a very positive revenue and earnings development in the Large Scale & Project Solutions and Commercial & Industrial Solutions segments.
Gerresheimer tumbled 3.2 percent despite confirming its FY guidance.
Malaysia Shares May Tick Lower Again On Friday
U.S. Dollar Advances After Strong Economic Data
Japan Shares May Run Out Of Steam On Friday
South Korea Shares May Extend Losing Streak
Tokyo Inflation Data Due On Friday
Mexico Central Bank Cuts Rate Again On High Inflation, Weak Economy
Fed's Schmid Says Current Policy Stance Only Slightly Restrictive
