Advertisement
DAX Climbs Ahead Of US Inflation Reading
(RTTNews) - German stocks climbed on Thursday as investors awaited U.S. CPI data later in the day for clues on the Federal Reserve's rate trajectory.
Consumer price inflation is expected to edge higher to an annual 3.2 percent in December from 3.1 percent in November.
The Core CPI, which strips volatile food and energy prices, is forecast to rise 0.3 percent on monthly basis to match November's reading.
The benchmark DAX jumped 126 points, or 0.8 percent, to 16,816 after ending on a flat note the previous day.
Among the prominent gainers, Adidas, BMW, Daimler, Deutsche Post, Mercedes Benz, Sartorius, Volkswagen and Zalando rose 1-2 percent.
Banks traded weak, with Deutsche Bank falling more than 2 percent.
read more
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews
|
21 minuter sedan
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday.
Although the rate was stronger than the expected growth of 0.1 pe
RTTNews
|
1h 2minuter sedan
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews
|
1h 33minuter sedan
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings
S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews
|
1h 37minuter sedan
U.S. Producer Prices Jump Much More Than Expected In July
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.
RTTNews
|
1h 47minuter sedan
U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th.
RTTNews
|
1h 53minuter sedan
Pound Rises On Upbeat U.K. GDP Data
The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
RTTNews
|
3h 6minuter sedan
Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street
Deere & Co. shares were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Thursday trimmed the higher end of its fiscal 2025 profit outlook range after reporting weak results in its third quarter. The farm and construction equipment manufacturer noted that its customers remain cautious amid ongoing uncertainty. Meanwhile, quarterly earnings per share and top line be
RTTNews
|
3h 22minuter sedan
