DAX Edges Higher Ahead Of Key Inflation Data
(RTTNews) - German stocks eked out modest gains on Friday after the German manufacturing PMI came in at 52.0 in June, in line with expectations.
Eurozone manufacturing PMI dropped to a fresh 22-month low in June but the decline was less than expected. The corresponding index dropped to 52.1 from 54.6 in May.
Government bond yields eased ahead of the first estimate of June consumer price index for the euro zone due later in the day.
ECB policymaker and fiscal hawk Robert Holzmann said in an interview with Austrian newspaper Oberoesterreichische Nachrichten that he would have preferred earlier moves on interest rates than the ECB's current plan to raise them in July for the first time in more than a decade.
The benchmark DAX edged up 32 points, or 0.3 percent, to 12,816 after falling 1.7 percent in the previous session.
Siemens AG shares were slightly higher. The conglomerate said it expects to book non-cash impairment of about 2.8 billion euros on its investment in Siemens Energy AG. Shares of the latter advanced 1.3 percent.
Infineon Technologies fell 2.4 percent following a significantly weaker than expected business outlook by U.S. memory-chip firm Micron Technology Inc.
Lower Open Expected For Hong Kong Stock Market
Australian Market Notably Lower
China Shares Tipped To Open Under Water On Wednesday
Taiwan Stock Market May Spin Its Wheels On Wednesday
Singapore Bourse May Hand Back Tuesday's Gains
Rally May Stall For Malaysia Stock Market
Renewed Selling Pressure Likely For Japan Stock Market
