DAX Rises As SAP Raises Annual Outlook

RTTNews | Pred 332 dňami
DAX Rises As SAP Raises Annual Outlook

(RTTNews) - German stocks traded higher on Tuesday after software giant SAP raised its full-year targets on a strong cloud business in the third quarter.

The benchmark DAX was up 86 points, or 0.4 percent, at 19,548 after declining 1 percent in the previous session.

SAP jumped 5.5 percent after raising its full-year outlook.

Automakers BMW, Mercedes Benz and Volkswagen were seeing modest gains even as industry data showed Europe's new car registrations declined for the second straight month in September due to the fall in sales across France, Germany and Italy.

New car sales decreased 6.1 percent in September from a year ago, according to data published by the European Automobile Manufacturers' Association.

However, this was much slower than the 18.3 percent fall posted in August.

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European Economic News Preview: UK Retail Sales & PSNB Data Due

European Economic News Preview: UK Retail Sales & PSNB Data Due

Retail sales and public sector finance from the UK and business confidence from France are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics publishes UK retail sales and public sector finance figures. Retail sales are forecast to grow 0.4 percent on a monthly basis in August, slower than the 0.6 percent rise in July.
RTTNews | Pred 1 h 35 min
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks are seen opening flat to slightly lower on Friday as a busy week for central bank meetings and key economic releases draws to an end.
RTTNews | Pred 1 h 48 min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | Pred 4 h 2 min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
RTTNews | Pred 4 h 21 min
Thai Shares May Halt Slide On Friday

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
RTTNews | Pred 5 h 23 min