DAX Rises On US Rate Cut Optimism

RTTNews | 411 gün önce
DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

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KOSPI May Spin Its Wheels On Thursday

KOSPI May Spin Its Wheels On Thursday

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 95 points or 3 percent in that span. The KOSPI now sits just beneath the 3,110-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 22 dakika önce
Singapore Industrial Production Data Due On Thursday

Singapore Industrial Production Data Due On Thursday

Singapore will on Thursday release May figures for industrial production, highlighting a light day for Asia-Pacific economic activity. Output is expected to sink 2.5 percent on month and rise 2.6 percent on year after climbing 5.3 percent on month and 5.9 percent on year in April.
RTTNews | 1s 22 dakika önce
Euro Climbs Against Majors

Euro Climbs Against Majors

The euro firmed against its major counterparts in the New York session on Wednesday.
RTTNews | 4s 14 dakika önce
Swiss Stock Market Hands Back Tuesday's Gains

Swiss Stock Market Hands Back Tuesday's Gains

The Swiss stock market was unable to extend gains from the previous session, turning lower again on Wednesday - one day after halting the seven-day losing streak in which it had stumbled more than 465 points or 4 percent.
RTTNews | 6s 40 dakika önce
U.S. New Home Sales Pull Back More Than Expected In May

U.S. New Home Sales Pull Back More Than Expected In May

A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May. The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.
RTTNews | 8s 42 dakika önce
FTSE 100 Trades Flat

FTSE 100 Trades Flat

Amidst concerns over the fragile ceasefire between Israel and Iran, the FTSE 100 benchmark of the London Stock Exchange is trading on a flat note.
RTTNews | 11s 7 dakika önce
General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down

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General Mills, Inc. on Wednesday reported that its fourth-quarter earnings were hurt by lower net sales. However, adjusted earnings beat market estimates, while top line missed their view. Further, the branded food company issued fiscal 2026 adjusted earnings outlook, expecting year-over-year decline. General Mills added that its top priority in the new year is to restore volume-driven organic...
RTTNews | 11s 14 dakika önce