DAX Edges Higher Despite Fed Worries

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DAX Edges Higher Despite Fed Worries

(RTTNews) - German stocks rose on Friday, though the upside remained capped by hawkish comments from more U.S. Federal Reserve officials.

St Louis Fed President James Bullard said the central bank needs to keep raising interest rates as its tightening has only 'limited effects on observed inflation'.

Separately, Minneapolis Fed Bank President Neel Kashkari said the U.S. central bank should not stop rate hikes until it's clear that inflation has peaked.

The benchmark DAX rose 62 points, or 0.4 percent, to 14,328 after edging up 0.2 percent in the previous session.

Lender Commerzbank gained 1 percent and peer Deutsche Bank added half a percent as the European Central Bank begins the biggest withdrawal of cash from the euro zone's banking system in its history.

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Canadian Market Looks Headed For Another Positive Close

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Swiss Market Closes On Buoyant Note

Swiss Market Closes On Buoyant Note

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European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

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U.S. Services Index Climbs To Six-Month High In August

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U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

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U.S. Trade Deficit Widens More Than Expected As Imports Spike

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U.S. Jobless Claims Rise More Than Expected To Two-Month High

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