DAX Inches Higher In Cautious Trade

RTTNews | 822 dias atrás
DAX Inches Higher In Cautious Trade

(RTTNews) - German stocks were slightly higher on Tuesday after Republican South Dakota Representative Dusty Johnson downplayed the conservative opposition to the debt ceiling deal.

Voting on the bill is set to start later this week in the House and the Senate.

In economic releases, Euro zone consumer confidence and economic sentiment data for May will be released later in the session.

The benchmark DAX was up 37 points, or 0.2 percent, at 15,989 after falling 0.2 percent in the previous session.

Daimler Truck Holding gained 1 percent. The German firm and Japan's Toyota Motor have signed a non-binding memorandum of Understanding to combine the businesses of Mitsubishi Fuso Truck and Bus Corp. or MFTBC and Hino Motors, Ltd.

Real estate firm Aroundtown SA jumped 6 percent after unveiling its first-quarter results in line with guidance.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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Chicago Business Barometer Slumps Much More Than Expected In August

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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.
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