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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Mild Upside Seen For Singapore Stock Market
The Singapore stock market on Thursday halted the two-day slide in which it had dipped just 5 points or 0.15 percent. The Straits Times Index now sits just above the 3,625-point plateau and it may tick higher again on Friday.
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4h 21min ago
Japan Inflation Slows To 2.5% On Year In September
Overall nationwide consumer prices in Japan were up 2.5 percent on year in September, the Ministry of Internal Affairs and Communications said on Friday.
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4h 29min ago
Little Movement Expected For Malaysia Stock Market
The Malaysia stock market bounced higher again on Thursday, one day after snapping the modest two-day winning streak in which it had collected almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,640-point plateau and it's likely to remain in that neighborhood again on Friday.
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4h 51min ago
Steady Start Eyed For South Korea Stock Market
The South Korea stock market has moved lower in back-to-back sessions, shedding almost 25 points or 1 percent along the way. The KOSPI now sits just beneath the 2,610-point plateau although it may find traction on Friday.
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5h 21min ago
TSX Records New Intraday, Closing Highs
The Canadian market climbed to a fresh record high on Thursday with stocks from materials and energy sectors moving higher on firm commodity prices. A rate cut by the European Central Bank and expectations of interest rate cuts by the Federal Reserve and the Bank of Canada aided sentiment.
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6h 19min ago
China GDP Data Due On Friday
China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales, fixed asset investment and unemployment.
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6h 21min ago
Dollar Extends Gains Against Major Counterparts
After struggling for direction during the Asian and European sessions on Thursday, the U.S. dollar climbed higher in the New York session, buoyed by data showing a more than expected increase in U.S. retail sales in the month of September. Data showing a drop in jobless claims contributed as well to the dollar's rise.
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7h 21min ago
Canadian Market Modestly Higher, Looks Headed For A Firm Close
The Canadian market is modestly higher Thursday afternoon with gains in materials and energy sectors contributing to the rise. The mood remains positive with investors reacting to the European Central Bank's rate cut move, and optimism about interest rate reductions from the Federal Reserve and the Bank of Canada.
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9h 24min ago
