DAX Edges Higher On ECB Rate Cut Hopes
(RTTNews) - German stocks traded higher on Friday amid expectations of interest-rate cuts in the second quarter.
ECB member and Bank of France head Francois Villeroy de Galhau said the central bank should favor gradual rate cuts rather than waiting too long to cut rates this year.
The risk of moving too late exists "at least" as much as that of moving too soon, he said in an interview with Belgian newspaper L'Echo.
The benchmark DAX was up 92 points, or half a percent, at 17,139 after gaining 0.6 percent in the previous session.
Automotive supplier Hella fell over 2 percent despite posting improved full-year portfolio-adjusted sales and operating income.
Volkswagen gained 1 percent after signing a supply agreement with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles (EVs).
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
DAX Down Over 1% On Economic Worries; Allianz, Siemens Energy Up Sharply On Earnings
Sensex, Nifty End Choppy Session Marginally Higher
