DAX Edges Higher In Cautious Trade Ahead Of US Jobs Data
(RTTNews) - German stocks were seeing modest gains in cautious trade on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.
The benchmark DAX was up 60 points, or 0.3 percent, at 19,138 after losing 0.9 percent in the previous session.
In corporate news, Siemens rose about 1 percent on reports that the conglomerate is eyeing more acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair.
Shares of Fielmann Group AG, an eyewear company, slumped 7.6 percent despite posting a rise in sales for the nine-month period and reaffirming its annual sales outlook.
Technology stocks such as SAP and Infineon Technologies were little changed.
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U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October compared to economist estimates for the addition of 113,000 jobs.
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4h 13min ago
U.S. Employment Inches Up Far Less Than Expected In October
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.
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5h 1min ago
Bay Street Likely To Open On Firm Note
Higher crude oil and bullion prices, and strong European stocks points to a firm start for the Canadian market Friday morning. The focus will be on U.S. non-farm payroll data, which is likely to provide some clues about the Federal Reserve's interest rate move next week.
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5h 17min ago
UK Manufacturing Contracts For First Time Since April
The UK factory activity contracted for the first time since April as manufacturers adopted a wait-and-see approach on investment and spending ahead of the budget announcement, final data from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index posted 49.9 in October, down from 51.5 in September.
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6h 4min ago
European Shares Gain Before US Jobs Data
European stocks traded higher on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.
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8h 8min ago
FTSE 100 Rises As House Price Growth Slows
U.K. stocks rose on Friday and the pound was steady as data showed house price inflation in the U.K. eased for the first time in six months in October.
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8h 22min ago
CAC 40 Rises As Investors Weigh The US Election Impact
French stocks traded higher on Friday even as yields on government bonds continued to rise amid inflation concerns and rising odds of a Trump victory in next week's presidential election.
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8h 37min ago
Asian Shares Retreat Despite Positive China Data
Asian stocks ended mostly lower on Friday, even as Hong Kong markets edged up after the release of positive readings on Chinese manufacturing activity and home sales.
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9h 4min ago
