DAX Rises On Rate Cut Talk

RTTNews | 120 dias atrás
DAX Rises On Rate Cut Talk

(RTTNews) - German stocks traded higher on Thursday as softer-than-expected U.S. economic data fueled speculation that the Federal Reserve could slash interest rates in September.

The upside remained capped after official data showed German factory orders logged an unexpected decline in May due to the decrease in foreign demand.

Factory orders declined 1.6 percent month-on-month in May, sharper than the revised 0.6 percent decrease in April, Destatis reported.

This was the fifth consecutive decline and also came in contrast to economists' forecast of 0.5 percent growth.

Year-on-year, new orders registered a sharp 8.6 percent decline in May compared to a moderate 1.8 percent drop in April.

The benchmark DAX was up 79 points, or 0.4 percent, at 18,453 after rallying 1.2 percent in the previous session.

In corporate news, Nordex SE shares rose over 2 percent after an announcement that DenkerWulf has ordered seven N149/5.X turbines.

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NZ Dollar Rises As China Manufacturing Activity Returns To Growth

NZ Dollar Rises As China Manufacturing Activity Returns To Growth

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, after China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence.
RTTNews | 4h 41min atrás
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | 4h 58min atrás
European Economic News Preview: UK Factory PMI Data Due

European Economic News Preview: UK Factory PMI Data Due

Factory Purchasing Managers' survey results and house prices from the UK are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, the UK Nationwide house price data is due. House prices are forecast to grow 2.8 percent annually in October after rising 3.2 percent in September.
RTTNews | 5h 15min atrás
China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

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RTTNews | 5h 57min atrás
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the broadly negative cues from global markets overnight, as traders remain cautious and seemed reluctant to make significant moves ahead of the highly anticipated US monthly jobs report later in the day as well as next week's US presidential election. The uncertainty about the outlook for interest rate cuts weighed on market sentiment.
RTTNews | 7h 7min atrás
Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian markets remain closed today on account of Diwali. However, there will be a special one-hour Muhurat trading session between 6.00 pm and 7.00 pm.
RTTNews | 7h 48min atrás
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

Extending the losses in the previous session, the Japanese stock market is sharply lower on Friday, following the negative cues from global markets overnight. The benchmark Nikkei 225 is falling more than 2 percent to just above the 38,200 level, with weakness across most sectors led by index heavyweights and technology stocks after the BoJ kept rates steady and warned of high uncertainties.
RTTNews | 8h 3min atrás