DAX Edges Higher As China Eases COVID Curbs
(RTTNews) - German stocks eked out modest gains on Friday, as China eased some of its COVID-19 curbs and cooling inflation fueled hopes the U.S. Federal Reserve will go slow on interest-rate hikes.
The benchmark DAX was up 56 points, or 0.4 percent, at 14,202 after climbing 3.5 percent in the previous session.
Jungheinrich AG gained 2.4 percent on posting higher sales in the period January to September 2022.
Steel producer Salzgitter jumped 5.5 percent despite reporting lower Q3 profit.
Airport operator Fraport added 2.4 percent after unveiling October passenger traffic figures.
Reinsurer Munich Re edged up slightly after cutting stake in Admiral Group.
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TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day
Despite moving in a tight band in lackluster trade, the Canadian market closed higher on Friday, extending gains to a ninth straight day, the longest winning run in over three years. Worries about potential new tariffs by the U.S. weighed on sentiment and limited market's upside.
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5h 17min ago
Dollar Loses Ground Against Major Counterparts
The U.S. dollar fell on Friday amid easing worries about a trade war, and on U.S. President Donald Trump's call to global central banks to lower interest rates.
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6h 11min ago
Swiss Market Ends Marginally Up
The Switzerland market closed marginally up on Friday after staying in a tight band above the flat line right through the day's trading session. Investors continued to assess recent economic data and U.S. President Donald Trump's remarks about potential new tariffs and call for interest rate cuts.
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9h 24min ago
European Stocks Fail To Hold Early Gains, Close Flat
European stocks closed on a mixed note on Friday, taking a breather of sorts, after recent strong gains amid optimism about further monetary easing by global central banks. Worries about tariff threats eased a bit, but not fully, and investors largely chose to refrain from making significant moves.
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9h 41min ago
Pound Higher After Strong U.K. PMI Data
The pound strengthened against its major counterparts in the New York session on Friday, as the nation's private sector activity expanded at the fastest pace in three months in January.
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11h 27min ago
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. unexpectedly deteriorated by more than previously estimated in the month of January. The University of Michigan said its consumer sentiment index for January was downwardly revised to 71.1 from the preliminary reading of 73.2. Economists had expected the index to be unrevised.
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12h 25min ago
Eurozone Private Sector Grows In January
Euro area private sector returned to growth in January as the contraction in manufacturing activity slowed and the services sector continued to expand, albeit at a slower pace, results of the purchasing managers' survey by S&P Global showed on Friday.
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12h 50min ago
U.S. Existing Home Sales Jump Much More Than Expected In December
A report released by the National Association of Realtors on Friday showed existing home sales in the U.S. jumped by much more than expected in the month of December. NAR said existing home sales shot up by 2.2 percent to an annual rate of 4.24 million in December after surging by 4.7 percent to a rate of 4.15 million in November.
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13h 0min ago
