DAX Little Changed Ahead Of US Jobs Report
(RTTNews) - German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates.
Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs in August. The unemployment rate is expected to hold at 4.2 percent.
The dollar hovered near a six-week high while oil prices steadied, after having surged 5 percent the previous day as U.S. President Joe Biden said the U.S. was discussing possible strikes by Israel on Iran's oil industry.
The benchmark DAX was marginally higher at 19,023 after declining 0.8 percent in the previous session.
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UK Mortgage Approvals At More Than 2 Year High
UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
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6h 24min ago
Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus
Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET.
As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.
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6h 58min ago
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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7h 27min ago
French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
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8h 50min ago
Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers
Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.
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8h 56min ago
European Shares Muted Ahead Of Key Inflation Reading
European stocks slipped into the red on Friday ahead of the release of flash euro zone inflation data for November, due later in the day.
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9h 58min ago
FTSE 100 Muted In Cautious Trade
U.K. stocks were muted on Friday ahead of the release of euro zone inflation data later in the day.
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10h 9min ago
CAC 40 Subdued On Budget Worries
French stocks traded lower on Friday, a day after the country's borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy.
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10h 22min ago
