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Will German Industrial Production Rebound Help Avoid A Recession?
Germany's industrial production recovered at a faster than expected pace in November, underpinned by higher output of energy-intensive industries, but the weaker rate of growth suggest the biggest euro area economy slid into a mild recession in the final three months of 2022. Industrial production grew 0.2 percent from October, when output decreased a revised 0.4 percent, Destatis reported.
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vor 758 Tagen
Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100
Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.
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vor 758 Tagen
Australian, NZ Dollars Higher Amid Risk Appetite
The Australian and NZ dollars climbed against their major counterparts on Monday amid risk appetite, as data showing a slowdown in U.S. wage growth and a contraction in U.S. service sector activity in the month of December supported expectations that the Federal Reserve will slow the pace of rate hikes.
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vor 758 Tagen
European Shares Slightly Higher On China Optimism
European stocks were flat to slightly higher on Monday after rallying in the previous session on optimism surrounding China's reopening and expectations of slower rate hikes by the U.S. Federal Reserve.
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vor 758 Tagen
FTSE 100 Marginally Higher As Commodity Stocks Surge
U.K. stocks advanced on Monday, with commodity-related stocks leading the surge as China opened its borders for travel for the first time in three years as part of its new policy on COVID-19.
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vor 758 Tagen
CAC 40 Little Changed After Friday's Rally
French stocks were flat to slightly higher on Monday after posting strong gains in the previous session on easing worries about the Fed's interest-rate hiking path.
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vor 758 Tagen
DAX Edges Higher As Industrial Output Recovers
German stocks were seeing modest gains on Monday after data showed German industrial production recovered at a faster than expected pace in November.
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vor 758 Tagen
more news
Asian Shares Rally Amid China, Fed Optimism
Asian stocks rallied on Monday, as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes and China reopened its borders for the first time in three years.
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vor 759 Tagen
Tesla Buyers In China Protest Price Cuts, Demand Refund
Chinese buyers of Tesla electric cars are protesting after the company announced price cuts recently to boost sales amid weak deliveries. Hundreds of clients, who bought vehicles late last year, gathered in Tesla showrooms and delivery centers in the country demanding refund of the price difference. Last week, the luxury electric car maker had announced reduction in prices for its Model 3 and...
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vor 759 Tagen
European Shares Seen Up As US Rate Hike Worries Ease, China Reopens Borders
European stocks are likely to open higher on Monday as concerns eased about aggressive tightening by the Federal Reserve.
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vor 759 Tagen
European Economics Preview: Germany Industrial Output Data Due
Industrial production from Germany and unemployment from the euro area are the top economic news due on Monday. At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data for December. The jobless rate is forecast to rise to 2.1 percent from 2.0 percent in November.
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vor 759 Tagen
Sensex, Nifty Open Higher On Firm Global Cues
Indian shares opened a tad higher on Monday, mirroring firm global cues as weak service sector and mixed jobs data from the U.S. raised hopes for a change to aggressive Fed policy.
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vor 759 Tagen
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as data showing a drop in U.S. wage growth to a 50-year low and a contraction in U.S. service sector activity in the month of December helped ease concerns about aggressive policy tightening by the US Federal Reserve. Asian markets closed mostly higher on Friday.
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vor 759 Tagen
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