DAX Climbs Ahead Of PMI Data

RTTNews | 581 ngày trước
DAX Climbs Ahead Of PMI Data

(RTTNews) - German stocks rose sharply on Tuesday as traders returned to their desks after a long holiday weekend.

Investors looked ahead to a busy week of economic calendar, with PMI data, inflation figures and the all-important U.S. jobs data in focus.

Following better-than-expected Caixin manufacturing PMI numbers from China, investors awaited Euro area and U.S. manufacturing PMIs for further direction.

The benchmark DAX was up 163 points, or nearly 1 percent, at 16,914 on bets that global central banks will cut interest rates this year.

Fielmann shares rose half a percent. The eyewear maker said that Steffen Baetjer, who has been the Executive Director Controlling since August 2023, has succeeded Georg Alexander Zeiss as Chief Financial Officer of the company, effective January 1, 2024.

Hapag-Lloyd jumped 5.3 percent after an announcement on Friday that it had decided to continue diverting its vessels away from Suez and the Red Sea for security reasons.

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South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.
RTTNews | 20 phút trước
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 1h 20phút trước
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 5h 53phút trước
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 6h 13phút trước
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 8h 50phút trước
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 9h 36phút trước