DAX Edges Higher As China Eases COVID Rules

RTTNews | 877 gün önce
DAX Edges Higher As China Eases COVID Rules

(RTTNews) - German stocks were slightly higher on Friday as China's drastic policy shift towards relaxing many of its quarantine and testing requirements raised hopes of improved consumer demand.

A cautious undertone prevailed as investors braced for key U.S. inflation data due later in the day and next week's FOMC rate decision.

The benchmark DAX was up 24 points, or 0.2 percent, at 14,289 after ending flat with a positive bias the previous day.

Real estate company Vonovia SE dropped about half a percent. The company said that it intends to appoint Clara Streit as Chair of the company's Supervisory Board at the AGM on 17 May 2023.

Medical technology firm Carl Zeiss Meditec plummeted almost 8 percent after issuing a weak profit guidance for the first quarter.

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Additional Upside Seen For Singapore Stock Market

Additional Upside Seen For Singapore Stock Market

The Singapore stock market has moved higher in back-to-back sessions, advancing almost 40 points or 1.1 percent along the way. The Straits Times Index now sits just above the 3,845-point plateau and it's likely to open to the upside again on Monday.
RTTNews | 30 dakika önce
Malaysia Stock Market May Extend Winning Streak

Malaysia Stock Market May Extend Winning Streak

The Malaysia stock market has moved higher in two straight sessions, collecting more than 25 points or 1.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it may add to its winnings again on Monday.
RTTNews | 1s 0 dakika önce
Indonesia GDP Data Due On Monday

Indonesia GDP Data Due On Monday

Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 2s 0 dakika önce
U.S. Dollar Recovers After Jobs Data

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.
RTTNews | 2 gün önce
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
RTTNews | 2 gün önce
European Stocks Close On Buoyant Note

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
RTTNews | 2 gün önce
Canadian Market Up Firmly In Positive Territory

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
RTTNews | 2 gün önce
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 2 gün önce