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DAX Little Changed As Investors Await GDP Data
(RTTNews) - German stocks were subdued on Monday as investors awaited 2023 GDP data later in the day for directional cues.
The eurozone's largest economy is expected to have contracted last year.
The benchmark DAX was down 15 points at 16,689 after rallying 1 percent on Friday.
The euro rose against the dollar as investors assess the prospects for rate cuts from the U.S. Federal Reserve and the European Central Bank.
In corporate news, Commerzbank rallied 1.6 percent as talks of a merger with Deutsche Bank resurfaced. Shares of the latter were down 0.6 percent.
Kontron rose over 2 percent. The IoT technology company said that it sees its net profit grow over 87 million euros in 2024.
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Swiss Franc Falls Against Majors
The Swiss franc dropped against its major counterparts in the New York session on Thursday.
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1s 1 dakika önce
Canadian Market Looks Headed For Another Positive Close
The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.
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3s 35 dakika önce
Swiss Market Closes On Buoyant Note
The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.
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4s 10 dakika önce
European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data
European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.
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4s 45 dakika önce
U.S. Services Index Climbs To Six-Month High In August
Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
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7s 12 dakika önce
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated
A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
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7s 30 dakika önce
U.S. Trade Deficit Widens More Than Expected As Imports Spike
With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
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8s 0 dakika önce
U.S. Jobless Claims Rise More Than Expected To Two-Month High
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
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8s 4 dakika önce
