DAX Rises As Fed Hike Bets Ease

RTTNews | hace 878
DAX Rises As Fed Hike Bets Ease

(RTTNews) - German stocks advanced on Friday after U.S. producer price gains slowed in July, adding to expectations the Federal Reserve will slow the pace of rate hikes going forward.

The benchmark DAX climbed 83 points, or 0.6 percent, to 13,777 after closing marginally lower in the previous session.

Shopping center investor Deutsche EuroShop slumped 5.6 percent after reporting flat revenue for the first half of 2022.

Freenet, a telecommunications and web content provider, added 1.6 percent after lifting its FY EBITDA outlook.

Knorr-Bremse gave up 2.8 percent. The manufacturer of braking systems for rail and commercial vehicles reported that its operating EBIT for the first half of 2022 declined to 365 million euros from the prior year's 495 million euros.

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Malaysia Bourse Tipped To Open To The Upside

Malaysia Bourse Tipped To Open To The Upside

The Malaysia stock market has finished lower in three straight sessions, sinking more than 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,625-point plateau although it may stop the bleeding on Tuesday.
RTTNews | hace 5h 6min
Japan Stock Market Poised To End Its Slide

Japan Stock Market Poised To End Its Slide

The Japanese stock market has moved lower in back-to-back sessions, plunging more than 970 points or 2.5 percent along the way. The Nikkei 225 now rests just above the 39,300-point plateau although it's due for support on Tuesday.
RTTNews | hace 5h 21min
KOSPI May Crack Resistance At 2,500 Points

KOSPI May Crack Resistance At 2,500 Points

The South Korea stock market has moved higher two straight sessions, accelerating almost 90 points or 3.6 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may add to its winnings again on Tuesday.
RTTNews | hace 5h 36min
Australia Building Approval Data Due On Tuesday

Australia Building Approval Data Due On Tuesday

Australia will on Tuesday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. Approvals are expected to slip 0.9 percent on month after climbing 4.2 percent in October.
RTTNews | hace 6h 6min
Swiss Franc Weakens Against Majors

Swiss Franc Weakens Against Majors

The Swiss franc declined against its major counterparts in the New York session on Monday, as gains in tech stocks lifted Wall Street.
RTTNews | hace 10h 5min
Swiss Market Closes Moderately Higher

Swiss Market Closes Moderately Higher

Despite a couple of weak spells during the day's trading session, the Switzerland market closed moderately higher on Monday, in line with markets across Europe after data showed an improvement in services sector activity in the region. Optimism about a recovery of the Chinese economy following recent stimulus measures helped as well.
RTTNews | hace 10h 13min
European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Monday with investors reacting positively to slightly encouraging services sector data from the region, and stronger-than-expected services sector growth in China. The upside was also due to expectations of more stimulus from the Chinese government, and easing concerns about tariff hikes amid reports U.S. President-elect Donald Trump's tariff plan will not be any
RTTNews | hace 10h 35min
U.S. Factory Orders Pull Back Slightly More Than Expected In November

U.S. Factory Orders Pull Back Slightly More Than Expected In November

A report released by the Commerce Department on Monday showed new orders for U.S. manufactured goods decreased by slightly more than expected in the month of November. The Commerce Department said factory orders fell by 0.4 percent in November after climbing by an upwardly revised 0.5 percent in October. Economists had expected factory orders to dip by 0.3 percent.
RTTNews | hace 12h 34min