DAX Gains On Economic Optimism

RTTNews | il y a 8h 30min
DAX Gains On Economic Optimism

(RTTNews) - German stocks traded higher on Thursday after a business survey showed German business activity contracted less steeply than the previous month in October.

The HCOB Preliminary German Composite Output Index came in at 48.4 in October versus 47.5 in September.

The benchmark DAX was up 155 points, or 0.8 percent, at 19,532 after ending 0.2 percent lower the previous day.

In corporate news, Nivea maker Beiersdorf jumped 4.2 percent after reporting an increase in group sales for the first nine months of 2024.

Engine manufacturer MTU Aero Engines rose 1.3 percent after third-quarter earnings came in above expectations.

Symrise fell 2.6 percent after the fragrance, flavor and nutrition group posted Q3 sales in the reporting currency slightly below estimates.

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U.S. Weekly Jobless Claims Unexpectedly Fall To 227,000

U.S. Weekly Jobless Claims Unexpectedly Fall To 227,000

After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th.
RTTNews | il y a 4h 45min
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

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RTTNews | il y a 4h 47min
Tesla Stock Climbs On Upbeat Earnings, FY24 Volume Growth View

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Shares of Tesla Inc. climbed more than 12 percent in the after-hours on Wednesday and are currently up around 11 percent in the pre-market activity on the Nasdaq after the luxury electric vehicle maker reported higher profit in its third quarter, above market estimates, benefited by volume growth. Looking ahead to fiscal 2024, the company projects slight growth in vehicle deliveries...
RTTNews | il y a 7h 15min
European Shares Rise On Earnings Boost, Rate Cut Hopes

European Shares Rise On Earnings Boost, Rate Cut Hopes

European stocks climbed on Thursday as strong earnings from a slew of companies and dovish comments from Bank of England (BoE) Governor Andrew Bailey offset disappointing business activity readings from the region.
RTTNews | il y a 7h 32min
FTSE 100 Rallies On Rate Cut Hopes

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U.K. stocks rose notably on Thursday after Bank of England (BoE) Governor Andrew Bailey said that U.K. inflation is fading more rapidly than central bankers expected, boosting bets on another rate cut on Nov. 7.
RTTNews | il y a 7h 50min
Eurozone Private Sector Activity Shrinks

Eurozone Private Sector Activity Shrinks

Eurozone private sector activity shrank moderately in October on continuing contraction in manufacturing, flash survey data from S&P Global showed on Thursday. The HCOB flash composite output index rose slightly to 49.7 in October from 49.6 a month ago. The reading was seen at 49.8. Business activity in the currency bloc dropped marginally for the second straight month.
RTTNews | il y a 7h 55min