DAX Edges Higher As Industrial Output Recovers
(RTTNews) - German stocks were seeing modest gains on Monday after data showed German industrial production recovered at a faster than expected pace in November.
Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis said. Production was expected to gain 0.1 percent.
The benchmark DAX was up 31 points, or 0.2 percent, at 14,640 after rallying 1.2 percent on Friday.
Rate-sensitive tech stocks traded higher, with Infineon rising half a percent.
Nordex AG, a wind turbine maker, jumped nearly 2 percent after saying it had received an order from a utility in the end of 2022 to supply and install ten N149/4.X turbines for a wind farm in North-Rhine Westphalia, Germany.
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German Factory Orders Rebound In December
Germany's factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment. New orders increased 6.9 percent month-on-month in December, reversing a revised 5.2 percent fall in November, Destatis reported Thursday. Orders were forecast to grow only 1.9 percent.
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Před 5 h 9 min
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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Před 5 h 49 min
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
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Před 5 h 55 min
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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Před 6 h 6 min
European Economic News Preview: Bank Of England To Cut Rates
The monetary policy announcement from the Bank of England is the top economic event due on Thursday. The BoE is expected to cut its benchmark rate by a quarter-point to support economic growth. Markets widely expect the BoE to lower the bank rate to 4.50 percent from 4.75 percent.
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Před 7 h 19 min
European Shares To Open On Firm Note As Trade War Fears Ease
European stocks are likely to open higher on Thursday as trade war fears eased, and U.S. Treasury Secretary Scott Bessent said that President Donald Trump is not directly calling for the Federal Reserve to lower rates.
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Před 7 h 20 min
Sensex, Nifty Drift Lower In Early Trade
Indian shares were a tad lower on Thursday amid the impending expiry of the weekly options of Nifty 50 contracts and the RBI's interest-rate decision on Friday.
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Před 8 h 39 min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as concerns over a global trade war eased amid amicable measures from both the US and China. A notable move to the downside by treasury yields also aided the markets' upside. Asian Markets closed mixed on Wednesday.
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Před 9 h 29 min
