DAX Extends Gains On Economic Optimism

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DAX Extends Gains On Economic Optimism

(RTTNews) - German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next month's upcoming policy meeting.

The benchmark DAX was up half a percent at 18,275 after rallying 1.7 percent the previous day.

Banks and automakers traded higher, with Deutsche Bank, Volkswagen and Mercedes Benz all rising around 1 percent.

The dollar was slightly lower against the euro and pound after the release of upbeat consumer spending and labor market data.

Traders' attention now shifts to the annual Jackson Hole Economic Symposium, which traditionally brings together the heads of the world's leading central banks. This year's event will be held on August 22-24.

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Sensex, Nifty Edge Higher In Cautious Trade

Sensex, Nifty Edge Higher In Cautious Trade

Indian shares were a tad higher on Thursday after U.S. shares kicked of their seasonal Santa Claus rally on Tuesday in thin pre-Christmas trade.
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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the lack of cues from global markets overnight as they were closed for Christmas holiday and the thin trading with some markets in the region closed in the holiday-shortened week. Traders react to China's central bank holding the interest rate on the one-year medium-term lending facility at 2% on Wednesday.
RTTNews | 7घंटे 6 मिनट पहले
Japanese Market Notably Higher

Japanese Market Notably Higher

Adding to the gains in the previous session, the Japanese stock market is notably higher on Thursday, following the lack of cues from global markets overnight as they were closed for Christmas holiday. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights and automaker stocks.
RTTNews | 9घंटे 2 मिनट पहले
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Canadian Dollar Rises As Crude Oil Prices Traded Higher

Canadian Dollar Rises As Crude Oil Prices Traded Higher

The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday, as the crude oil prices moved higher on expectations the Chinese government will announce additional stimulus revive growth in the world's second largest economy.
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Canadian Dollar Rises Against Majors

Canadian Dollar Rises Against Majors

The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday. The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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