DAX Modestly Higher On Rate Optimism

RTTNews | 579 dni temu
DAX Modestly Higher On Rate Optimism

(RTTNews) - German stocks eked out modest gains on Friday amid optimism that major central banks are nearly done with interest rate rises.

Investors shrugged off data showing that Germany's exports declined more than expected in September.

Exports decreased 2.4 percent month-on-month, in contrast to the 0.1 percent gain in August, Destatis reported. Economists had forecast shipments to decline 1.1 percent.

At the same time, the fall in imports deepened to 1.7 percent from 0.3 percent. The monthly fall confounded economists' forecast of 0.5 percent increase.

As a result, the trade surplus fell to EUR 16.5 billion from EUR 17.7 billion in August. The expected level was EUR 16.3 billion.

The benchmark DAX was up 50 points, or 0.3 percent, at 15,193 after climbing 1.5 percent in the previous session.

Automaker BMW jumped 3 percent after posting a margin of 9.8 percent in the third quarter for its luxury car business.

Peer Mercedes Benz rose 1.3 percent and Volkswagen added 1.8 percent.

Property company Deutsche Wohnen rose 1.3 percent as it reported preliminary FFO or funds from operations of 456.3 million euros or 1.15 euros per share for the 9-month period.

Real estate group Vonovia SE rallied 2.4 percent after confirming its full-year guidance.

Krones AG advanced 1.5 percent. The packaging and bottling machine maker reported that its third quarter consolidated net income climbed 20.4 percent to 54.3 million euros from the prior year.

read more
U.S. Private Sector Adds 37,000 Jobs In May, Much Fewer Than Expected

U.S. Private Sector Adds 37,000 Jobs In May, Much Fewer Than Expected

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of May. ADP said private sector employment rose by 37,000 jobs in May after climbing by a downwardly revised 60,000 jobs in April. Economists had expected private sector employment to jump by 115,000 jobs.
RTTNews | 25 minut temu
Eurozone Private Sector Expands For Fifth Month

Eurozone Private Sector Expands For Fifth Month

Euro area private sector expanded for the fifth straight month in May, but the upturn was only fractional and the slowest in three months, final results of the purchasing managers' survey by S&P Global showed on Wednesday. The HCOB composite output index fell to 50.2 in May from 50.4 in April. However, the score was above the threshold 50-mark and also the flash estimate of 49.5.
RTTNews | 48 minut temu
FTSE 100 Up Marginally

FTSE 100 Up Marginally

U.K. stocks are up in positive territory on Wednesday even as investors assess the potential impact of the Trump administration's tariffs on steel and aluminum, in addition to digesting some corporate earnings updates and economic data.
RTTNews | 1g 35 minut temu
Pound Rises After Robust U.K. PMI Data

Pound Rises After Robust U.K. PMI Data

The British pound strengthened against other major currencies in the European session on Wednesday, following the release of PMI data that signaled a stronger than estimated growth in private sector in May.
RTTNews | 1g 47 minut temu
CAC 40 Up 0.5%; STMicroElectronics Rises Over 7%

CAC 40 Up 0.5%; STMicroElectronics Rises Over 7%

Despite lingering concerns about trade tensions, French stocks are gaining some ground in positive territory on Wednesday with investors expecting an interest rate cut from the European Central Bank on Thursday.
RTTNews | 1g 58 minut temu
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Wednesday.
RTTNews | 2g 13 minut temu