DAX Scales New Record High On EU Tariff Relief, German Consumer Sentiment Data

RTTNews | Pred 80 dňami

(RTTNews) - German stocks are exhibiting strength on Tuesday, extending gains from the previous session, as investors continue to cheer the pause in EU tariffs. Report showing an uptick in German consumer sentiment contributes as well to market's gains.

The benchmark DAX, which rose to a record high at 24,232.57, was up 227.17 points or 0.95% at 24,224.61 a little while ago.

Defense stocks were in the spotlight after Trump threatened additional sanctions on Russia.

Infineon Technologies is gaining nearly 3%. Rheinmetall, Zalando, Brenntag, Bayer, Siemens Energy, MTU Aero Engines, BASF, Siemens, Merck and SAP are up 1 to 2%.

Daimler Truck Holding, Deutsche Bank, Deutsche Boerse, Symrise and Deutsche Post are moderately higher.

Automakers BMW, Mercedes Benz and Volkswagen are modestly higher despite industry data showing that new car sales fell 1.2% in the year-to-date period compared to the previous year.

E.ON is declining 1.7%. RWE, Heidelberg Materials and Fresenius Medical Care are down 0.3 to 0.7%.

A report published by GfK market research institute and the Nuremberg Institute for Market Decisions, showed German consumer sentiment rose for a third straight month. The forward-looking index rose by 0.9 points month on month to -19.9 points.

Data released by the European Automobile Manufacturers' Association showed Europe new car registrations declined in the four months to April as uncertainty over the trade tariffs weighed on demand.

New car sales fell 1.2% in the year-to-date period compared to the previous year. Among big-four economies, Spain reported a robust sales growth of 12.2% in the January to April period.

Meanwhile, sales in Germany decreased 3.3% and that in France slid more sharply by 7.3%. Italy reported a moderate fall of 0.6%.

However, Europe car sales rebounded 1.3% on a yearly basis in April, following a 0.2% fall in March.

April data showed signs of recovery despite the ongoing unpredictable global economic environment, the ACEA said.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | Pred 4 h 1 min

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | Pred 6 h 51 min

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | Pred 7 h 19 min

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | Pred 7 h 38 min

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | Pred 9 h 15 min

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | Pred 9 h 33 min

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | Pred 10 h 2 min

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | Pred 10 h 27 min

EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
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