DAX Gains On Economic Optimism

RTTNews | 33 days ago
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. Consumer Confidence Continues To Improve In November

U.S. Consumer Confidence Continues To Improve In November

After reporting a significant rebound by U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence continued to improve in November. The Conference Board said its consumer confidence index rose to 111.7 in November after surging to an upwardly revised 109.6 in October.
RTTNews | 7h 1min ago
U.S. New Home Sales Pull Back Much More Than Expected In October

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A report released by the Commerce Department on Tuesday showed a substantial pullback by new home sales in the U.S. in the month of October. The Commerce Department said new home sales saw a 17.3 percent nosedive to an annual rate of 610,000 in October after spiking by 7.0 percent to a rate of 738,000 in September. Economists had expected new home sales to decrease to a rate of 730,000.
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Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

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Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval

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