DAX Edges Higher On China Stimulus Hopes

RTTNews | Pred 787 dňami
DAX Edges Higher On China Stimulus Hopes

(RTTNews) - German stocks advanced on Friday and Eurozone bond yields ticked higher as investors awaited the latest Eurozone inflation data due later in the day for more clues on the direction of interest rates.

Earlier in the day, China reported weak manufacturing and non-manufacturing data, raising calls for more stimulus.

Closer home, investors shrugged off data showing that Germany's jobless rate rose unexpectedly in June.

The benchmark DAX was up 105 points, or 0.7 percent, at 16,052 after ending marginally lower the previous day.

Sportswear maker Adidas climbed 1.8 percent and Puma jumped 2.2 percent despite Nike forecasting first-quarter revenue below analyst expectations on Thursday.

Property firm LEG Immobilien SE soared almost 4 percent after lifting its outlook for 2023.

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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | Pred 3 h 18 min
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
RTTNews | Pred 3 h 39 min
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | Pred 6 h 3 min
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
RTTNews | Pred 8 h 44 min
Dollar Extends Losses Amidst Powell's Dovish Surprise

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | Pred 9 h 29 min
German Ifo Business Confidence Strongest Since 2024

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | Pred 9 h 32 min