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DAX Rises As US Futures Gain
(RTTNews) - German stocks advanced on Tuesday as investors waited for U.S. markets to resume trading after a holiday the previous day.
U.S. stock futures pointed to a sharply higher open later in the day, helping underpin sentiment ahead of Fed Chair Jerome Powell's testimony before Congress over two days. The benchmark DAX jumped 150 points, or 1.1 percent, to 13,415 after climbing 1.1 percent the previous day.
Nordex AG, a wind turbine maker, fell over 2 percent after its first-quarter consolidated net loss stood at 150.5 million euros, wider than prior year's loss of 54.7 million euros.
Mercedes-Benz Group AG gained 2.3 percent after it appointed Paul Gao to the newly created position of Chief Strategy Officer, effective July 1, 2022.
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Eurozone GDP Growth Accelerates To 0.6%
The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
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1g 18 minut temu
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral
The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
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1g 30 minut temu
Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut
Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.
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1g 33 minut temu
U.K. Stocks Subdued As Investors Look For Directional Clues
U.K. stocks are largely subdued Friday morning with investors looking for directional clues and refraining from making significant moves. The focus is on the progress of trade negotiations between U.S. and China, and the upcoming U.S. non-farm payrolls data.
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1g 39 minut temu
CAC 40 Down Slightly In Lackluster Trade
French stocks are down slightly in negative territory Friday morning, as disappointing industrial production data, and trade tensions weigh on sentiment.
Investors are also looking ahead to the release of U.S. non-farm payrolls report, due later in the day.
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2g 8 minut temu
European Shares Subdued On Disappointing Data
European shares were subdued on Friday as investors reacted to a slew of downbeat regional data and looked ahead to the release of key U.S. non-farm payrolls report for direction.
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2g 44 minut temu
Tesla Shares Plunge 14%, Loses $152 Bln Amid Elon Musk - Donald Trump Fallout
Shares of Tesla Inc. plunged around 14 percent on Thursday's trading on the Nasdaq, losing around $152 billion from its market capital in a single day, after CEO Elon Musk's feud with US President Donald Trump turned into a full-blown public war of words. Tesla's market capitalisation reached below the $1 trillion mark and ended the day at $916 billion. However, the shares returnd to a gain...
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2g 46 minut temu
DAX Drifts Lower On Weak Economic Data
After three successive days of gains, German stocks are a bit subdued on Friday, weighed down by disappointing economic data and concerns about global growth due to Trump administration's trade policy.
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2g 54 minut temu
