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DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

RTTNews | 5h 7min ago

DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

(RTTNews) - The German market is up firmly in positive territory on Monday as investors pick up stocks ahead of a slew of earnings announcements, and some crucial economic data due this week. Optimism about an improvement in U.S.-China trade relations also appears to be supporting the market.

Adidas, Deutsche Bank, Deutsche Boerse, Porsche, Symrise, Lufthansa and HelloFresh are scheduled to announce their earnings updates on Tuesday.

Mercedes-Benz, Volkswagen, Deutsche Post, BASF and Linde are also slated to announce their earnings this week.

The benchmark DAX was up 203.65 points or 0.93% at 22,440.06 a little while ago.

Commerzbank is gaining about 2.5%. Fresenius Medical Care is rising 2.35% and SAP is advancing nearly 2%.

Henkel, Fresenius, Volkswagen, Porsche, MTU Aero Engines, Beiersdorf, Porsche Automobil Holding, Siemens Healthineers, Adidas, Deutsche Bank, Mercedes-Benz and BASF are up 1 to 1.7%.

Merck is gaining nearly 1.5% after announcing that it has struck a deal to acquire U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion to boost its cancer drug business.

Continental is down by about 2.7% and Hannover Rueck is declining 1.4%. Rheinmetall, Deutsche Boerse, Vonovia and Munich RE are also notably lower.

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Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.

RTTNews | 2h 23min ago

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.

RTTNews | 2h 31min ago

Pound Rises As European Shares Traded Higher

Pound Rises As European Shares Traded Higher

The British pound strengthened against other major currencies in the European session on Monday amid increased risk appetite, as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.

RTTNews | 3h 10min ago

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.

RTTNews | 3h 36min ago

FTSE Up Marginally In Cautious Trade

FTSE Up Marginally In Cautious Trade

The U.K. market is marginally up at noon on Monday with investors making some selective purchases ahead of a slew of corporate earnings announcements and some crucial economic data this week. Optimism about U.S. and China striking a trade deal sometime soon is also contributing to the positive mood in the market.

RTTNews | 4h 1min ago

CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

French stocks are gaining ground in positive territory on Monday with investors indulging in some brisk buying at several counters ahead of key earnings updates and some crucial economic data from the U.S. and Europe due this week.

RTTNews | 4h 36min ago

Sensex, Nifty Rally On Trade Deal Hopes; RIL Shares Surge Over 5%

Sensex, Nifty Rally On Trade Deal Hopes; RIL Shares Surge Over 5%

Indian shares rose sharply on Monday despite heightened tensions between India and Pakistan, following the recent Pahalgam attack.

RTTNews | 4h 42min ago

European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Monday as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.

RTTNews | 6h 6min ago

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