DAX Extends Gains As Inflation Worries Ease

RTTNews | Pred 1028 dňami
DAX Extends Gains As Inflation Worries Ease

(RTTNews) - German stocks extended gains on Wednesday as investors remained upbeat about a post-COVID recovery in China.

Traders also awaited the release of the minutes from the Fed's Dec. 13-14 policy meeting later in the day as well as other key economic data expected to offer additional clues about the economic and interest-rate outlook.

Meanwhile, German import price inflation weakened more than expected to the lowest in nearly one-and-a half years in November, figures from Destatis showed earlier today.

Import price inflation eased sharply to 14.5 percent in November from 23.5 percent in October. This was the lowest rate since June 2021, when prices gained 12.9 percent.

Export price inflation also slowed in November, but at a much moderate pace to 11.6 percent in November from 13.1 percent.

The benchmark DAX jumped 169 points, or 1.2 percent, to 14,351 after closing 0.8 percent higher the previous day.

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European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment from Germany and business confidence from Italy are the major economic reports due on Tuesday. At 3.00 am ET, the market research group GfK is slated to issue Germany's consumer sentiment survey results. The consumer confidence index is forecast to rise to -22.0 in November from -22.3 in October. Also, Statistics Sweden is set to issue monthly foreign trade data for September
RTTNews | Pred 50 minútami
Europe Car Sales Grow For Third Month

Europe Car Sales Grow For Third Month

Europe's new car sales increased for the third straight month in September driven by the launch of new models, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. New car sales advanced 10.0 percent year-on-year in September, following a 5.3 percent rise in August. This was the third consecutive increase in car sales.
RTTNews | Pred 1 h 30 min
European Shares Likely To Open On Tepid Note

European Shares Likely To Open On Tepid Note

European stocks are seen opening a tad lower on Tuesday as investors monitor the latest developments on U.S.-China trade front and look ahead to upcoming monetary policy announcements from several central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan.
RTTNews | Pred 1 h 49 min
Sensex, Nifty Subdued In Lackluster Trade

Sensex, Nifty Subdued In Lackluster Trade

Indian shares were subdued on Tuesday as investors locked in some profits after recent gains, driven by optimism over easing global trade tensions and expectations of corporate earnings rebound.
RTTNews | Pred 2 h 39 min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.
RTTNews | Pred 3 h 44 min
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain cautious and are reluctant to take major positions ahead of the monetary policy announcements from the European Central Bank, the US Fed and the Bank of Japan this week. Optimism about a potential U.S.-China trade deal and an interest rate cut by the Fed are aiding market sentiment.
RTTNews | Pred 4 h 15 min
Sensex, Nifty To See Muted Start

Sensex, Nifty To See Muted Start

Indian shares look set to open on a muted note Tuesday, tracking mostly weak cues from other Asian markets.
RTTNews | Pred 4 h 37 min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, reversing some of the strong gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 50,400 level, with a mixed performance across most sectors.
RTTNews | Pred 5 h 44 min