DAX Up Firmly In Positive Territory

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DAX Up Firmly In Positive Territory

(RTTNews) - German stocks are up in positive territory on Friday, extending gains to a fourth straight session amid hopes the tensions between the U.S. and China may de-escalate with on reports China will likely remove its 125% tariff on some U.S. imports.

A somewhat softer tone of the U.S. President Donald Trump toward China has also helped ease concerns about a trade war.

Amid a lack of fresh economic data, investors are largely tracking quarterly earnings updates for direction.

The benchmark DAX was up 175.44 points or 0.79% at 22,244.81 a little while ago.

MTU Aero Engines is rising 4.3%. Heidelberg Materials is up 2.5%, while Siemens, Fresenius Medical Care, Daimler Truck Holding, Mercedes-Benz, BMW, Siemens Energy, Deutsche Bank, Rheinmetall, Siemens Healthineers, Infineon and Volkswagen are gaining 1 to 2%.

Zalando is down by about 2.8%. Deutsche Telekmom is down 2.3%, while Commerzbank, E.On. and Beiersdorf are declining 0.8 to 1.1%.

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Japan GDP Data Due On Monday

Japan GDP Data Due On Monday

Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.
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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.
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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.
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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.
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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.
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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.
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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.
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