DAX Edges Higher Ahead Of Inflation Data

RTTNews | 675 dias atrás
DAX Edges Higher Ahead Of Inflation Data

(RTTNews) - German stocks traded higher on Tuesday ahead of Eurozone inflation figures for November due later in the day.

The benchmark DAX was up 62 points, or 0.4 percent, at 16,713 after declining 0.6 percent in the previous session.

Banks Commerzbank and Deutsche Bank were flat to slightly higher after the European Central Bank raised capital requirements for 20 banks over their non-performing exposure.

Bayer AG edged up slightly. After a U.S. jury ordered Monsanto to pay $857 million to former students and parent volunteers of a U.S. school for toxic leaks, the chemicals giant said it plans to have the verdict reduced or overturned.

Covestro rallied 2.2 percent after reports that the Abu Dhabi National Oil Co was preparing to increase its takeover offer for the chemicals maker.

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European Economic News Preview: Eurozone Flash PMI Data Due

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Flash Purchasing Managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.2 percent on a monthly basis, reversing a 0.5 percent rise in August.
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Australian Market Slips To Modest Losses In Mid-market

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Asian Markets Track Wall Street Higher

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Indian shares look set to open on a positive note Friday, tracking firm cues from global markets. That said, surging oil prices amid supply fears may lead to some volatility as the session progresses.
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Thai Stock Market May Extend Winning Streak

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Ahead of Thursday's holiday for Chulalongkorn, the Thai stock market had finished higher in three straight sessions, gathering almost 30 points or 2.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,300-point plateau and it's called higher again on Friday.
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