DAX Holds Steady Ahead Of PMI Data
(RTTNews) - German stocks were largely steady on Tuesday as investors assessed the outlook for economic and corporate earnings growth against the backdrop of slowing inflation.
Underlying sentiment remained supported somewhat after survey data from GfK showed Germany's consumer confidence is set to improve for the fourth month in a row in February.
The forward-looking consumer confidence index climbed to -33.9 from -37.6 in January, which was revised from -37.8. However, economists had expected a higher reading of -33. The survey period was from January 5 to 16.
The benchmark DAX was marginally higher at 15,108 after gaining around half a percent in the previous session.
The release of flash purchasing managers' index data from the euro zone may sway sentiment as the day progresses.
U.S. Mortgage Applications Growth Slows
U.S. New Home Sales Unexpectedly Skyrocket To Three-Year High In August
Bay Street Likely To Open Slightly Higher
U.S. Dollar Extends Rise Amid Fed Chair Powell Comments
FTSE 100 Modestly Lower In Cautious Trade
CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty
Sensex, Nifty Extend Declines For Fourth Day
