DAX Rises On China Stimulus Hopes
(RTTNews) - German stocks traded higher on Friday after China's cabinet vowed to act decisively in ramping up support for the ailing economy.
Authorities will seize the window of opportunity and "decisively enhance the strength (of policy), roll out all policy measures that are needed to stabilize the economy", the cabinet was quoted as saying after a regular meeting.
Investors were also reacting to comments by U.S. President Joe Biden to The Associated Press on Thursday that he saw reasons for optimism about the economy. A recession is "not inevitable," Biden said.
The benchmark DAX jumped 137 points, or 1.1 percent, to 13,175 after losing 3.3 percent the previous day.
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FSIS Announces Recalls Of Pork, Beef Products
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralph's Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a known allergen.
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5j 14min yang lalu
Bay Street May Open With Slightly Negative Bias; GDP, PPI Data In Focus
Weak crude oil and gold prices point to a negative open for Canadian stocks on Monday. However, the market may climb higher if GDP and producer prices data, due this morning, turn out to be positive.
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5j 28min yang lalu
Swiss Franc Slides As European Shares Traded Higher
The Swiss franc weakened against other major currencies in the European session on Monday, as the European stocks traded higher heading into a holiday-shortened week.
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7j 2min yang lalu
Sensex, Nifty Rebound From Five-day Slump
Indian shares ended notably higher on Monday after five straight sessions of losses.
Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week.
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8j 21min yang lalu
Starbucks Union Expands Strike To More States
The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio and Pennsylvania locations joined on Saturday...
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8j 53min yang lalu
European Shares Struggle For Direction Ahead Of Holiday Break
European stocks were subdued on Monday in the run-up to Christmas.
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9j 16min yang lalu
FTSE 100 Subdued As GDP Figures Revised Down
U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.
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9j 36min yang lalu
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
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9j 42min yang lalu
