DAX Edges Higher On China Stimulus Hopes

RTTNews | 791 dni temu
DAX Edges Higher On China Stimulus Hopes

(RTTNews) - German stocks advanced on Friday and Eurozone bond yields ticked higher as investors awaited the latest Eurozone inflation data due later in the day for more clues on the direction of interest rates.

Earlier in the day, China reported weak manufacturing and non-manufacturing data, raising calls for more stimulus.

Closer home, investors shrugged off data showing that Germany's jobless rate rose unexpectedly in June.

The benchmark DAX was up 105 points, or 0.7 percent, at 16,052 after ending marginally lower the previous day.

Sportswear maker Adidas climbed 1.8 percent and Puma jumped 2.2 percent despite Nike forecasting first-quarter revenue below analyst expectations on Thursday.

Property firm LEG Immobilien SE soared almost 4 percent after lifting its outlook for 2023.

read more
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 32 minut temu
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3g 35 minut temu
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 4g 18 minut temu
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 4g 48 minut temu