DAX Dips On Profit Taking After Recent Gains
(RTTNews) - German stocks slipped into the red on Friday as caution set in after recent strong gains on optimism over signs the Federal Reserve might slow down the pace of rate hikes.
Investors also expect smaller rate hikes by the European Central Bank amid lingering worries of a recession in the euro zone.
The benchmark DAX slipped 0.1 percent to 14,469 after rising 0.7 percent in the previous session.
Banks were subdued, with Deutsche Bank falling nearly 1 percent. Tech stocks were rising, with Infineon rising half a percent.
The euro extended gains against the dollar for a third straight session, hitting a six-month high and on track for a second weekly gain in a row.
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JinkoSolar Q1 Profit Declines - Update
JinkoSolar Holding Co., Ltd. (JKS) reported Monday that net income attributable to the company's ordinary shareholders for the first quarter declined to RMB609.40 million or US$84.40 million from RMB788.65 million in the prior-year quarter. Earnings per ADS were RMB5.36 or US$0.74, compared to RMB14.95 last year.
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Pred 4 h 12 min
Philips Q1 Loss Widens, Backs FY24 View, Settles Respironics Litigation; Stock Surges
Shares of Philips Electronics NV surged around 47 percent in the morning trading in Amsterdam as well as around 44 percent in the pre-market activity on the NYSE after the Dutch consumer electronics giant announced Monday that Philips Respironics will pay a total of $1.1 billion to settle personal injury and medical monitoring litigation in the US. The company also announced a wider loss in its...
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Pred 5 h 7 min
Sensex, Nifty Rally On Firm Global Cues; Banks Lead Charge
Indian shares rallied on Friday, mirroring firm cues from global markets after Friday's U.S. inflation data largely met estimates and diplomatic efforts intensified to reach a long-sought truce and hostage-release deal in Gaza.
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Pred 5 h 12 min
European Shares Modestly Higher As Investors Look To Fed
European stocks eked out modest gains on Monday as investors awaited key regional data and Federal Reserve's policy decision.
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Pred 6 h 8 min
FTSE 100 Edges Higher In Cautious Trade
U.K. stocks advanced on Monday as data from property platform Zoopla suggested that U.K. house sales rose for the seventh consecutive month in April, driven by demand for smaller homes.
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Pred 6 h 24 min
CAC 40 Gains Ahead Of Key Regional Data
French stocks traded slightly higher on Monday ahead of the release of Germany's flash inflation figures for April and the euro area economic sentiment index later in the day.
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Pred 6 h 38 min
DAX Edges Up Slightly Ahead Of Inflation Data
German stocks edged up slightly on Monday as preliminary data showed inflation rose in four important German states in April.
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Pred 6 h 48 min
Asian Shares Gain In Thin Trade Ahead Of Fed Meeting
Asian stocks rose in thin trade on Monday, with Japanese markets closed for a holiday.
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Pred 7 h 2 min
