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DAX Edges Higher In Cautious Trade
(RTTNews) - German stocks edged up slightly on Monday after a brutal sell-off last week on concerns over rising inflation and slowing global growth.
German producer price inflation rose to a fresh record high in May, driven by energy prices, data from Destatis showed earlier today.
Producer prices logged a double-digit growth of 33.6 percent year-on-year in May, following April's 33.5 percent increase. The rate was forecast to grow again by 33.5 percent.
On a monthly basis, producer prices gained 1.6 percent after rising 2.8 percent in April. Economists had forecast prices to climb 1.5 percent.
The benchmark DAX rose 47 points, or 0.4 percent, to 13,173 after rising 0.7 percent on Friday.
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Asian Shares Rise On Trade Optimism; Nikkei Underperforms
Asian shares rose broadly on Monday, though Japanese markets fell sharply due to profit taking after last week's rally.
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23 นาทีที่ผ่านมา
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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37 นาทีที่ผ่านมา
European Shares Seen Opening Up On US-EU Trade Deal
European stocks look set to open on a buoyant note Monday after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
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3 ชม. 21 นาทีที่ผ่านมา
Sensex, Nifty Open Lower Amid Trade Deal Uncertainty
Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline.
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4 ชม. 38 นาทีที่ผ่านมา
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,650.00 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and energy stocks.
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5 ชม. 31 นาทีที่ผ่านมา
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid optimism that a number of trade deals will be worked out prior to US President Donald Trump's August 1 deadline after the U.S. and the European Union ratified a trade agreement over the weekend, with 15 percent tariffs on most European exports, including cars.
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6 ชม. 0 นาทีที่ผ่านมา
Sensex, Nifty Set For Muted Start As TCS Announces Layoffs
Indian shares look set to open on a cautious note Monday, with IT stocks likely to be in focus after TCS, India's largest IT services firm, said it would lay off about 2 percent, or 12,261 employees, of its global workforce this year in the wake of global economic uncertainties and artificial intelligence-driven technological changes.
Fears over the August 1 U.S. tariff deadline and foreign fund outflows may also weigh on markets as the session progresses.
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6 ชม. 23 นาทีที่ผ่านมา
Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the losses in the previous session, despite he broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 41,200 level, with weakness across most sectors led by financial and technology stocks.
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7 ชม. 27 นาทีที่ผ่านมา
