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DAX Edges Higher Ahead Of Lagarde Speech
(RTTNews) - German stocks opened higher on Monday, tracking a strong rally on Wall Street Friday and encouraging cues from Asian markets.
Underlying sentiment remained supported somewhat by expectations of a pick-up in Chinese consumer spending on eve of the Lunar New Year holidays and comments from Fed officials suggesting they favor a 25-basis-point rate hike at the next meeting.
The euro scaled a nine-month high against the dollar after ECB governing council member Klaas Knot said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after.
The benchmark DAX was up 105 points, or 0.7 percent, at 15,138 after climbing 0.8 percent on Friday.
Euro area consumer confidence survey results and a speech by ECB President Christine Lagarde at an event may sway sentiment as the day progresses.
China Trade Data On Tap For Thursday
U.S. Dollar Drops Against Majors
Swiss Market Ends Notably Lower
European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes
Canadian Stocks Surge Higher Again; TSX Scales New Record High
India Holds Key Interest Rates Steady As Trade Tensions Escalate
Bay Street Looks Set To Extend Upmove
