DAX Inches Higher As Industrial Production Surges
(RTTNews) - German stocks were seeing modest gains on Monday as official data showed German industrial production grew in September after falling a month ago.
Industrial production grew 0.6 percent month-on-month in September, reversing a revised 1.2 percent fall in August, Destatits reported.
This was also faster than economists' forecast of +0.2 percent. On a yearly basis, industrial output grew 2.6 percent.
The benchmark DAX was up 38 points, or 0.3 percent, at 13,498 after climbing 2.5 percent on Friday.
Q. beyond shares rose nearly 3 percent. After posting a consolidated net loss of 2.8 million euros for the third quarter, the cloud and ICT provider said it expects a strong fourth quarter.
Alongside growth in the organic business, revenues will also benefit for the first time from the majority stake recently acquired in productive-data, the company said.
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