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DAX Gains In Cautious Trade

RTTNews | 722 dni temu

DAX Gains In Cautious Trade

(RTTNews) - German stocks were seeing modest gains on Monday after having fallen sharply in the previous session on uncertainty about the outlook for U.S. inflation and interest rates.

Closer home, Germany's wholesale prices continued to decline in July, figures from Destatis showed earlier today.

Wholesale prices posted an annual decline of 2.8 percent in July but slightly slower than the 2.9 percent fall in June. This was the fourth consecutive decline in prices.

Month-on-month, wholesale prices dropped 0.2 percent, the same pace of decline as seen in June.

The benchmark DAX was up 67 points, or 0.4 percent, at 15,898 after losing 1.1 percent on Friday.

Automakers traded mostly higher, with BMW up nearly 1 percent and Volkswagen adding half a percent after Tesla rolled out a new round of price cuts in China.

Adesso jumped 4.7 percent after reporting a surge in its first-half EBITDA profit and confirming FY23 outlook.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 47 minut temu

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 1g 51 minut temu

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 1g 54 minut temu

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 2g 5 minut temu

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2g 34 minut temu

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2g 45 minut temu

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3g 5 minut temu

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | 3g 37 minut temu

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