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DAX Edges Higher As Industrial Output Recovers
(RTTNews) - German stocks were seeing modest gains on Monday after data showed German industrial production recovered at a faster than expected pace in November.
Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis said. Production was expected to gain 0.1 percent.
The benchmark DAX was up 31 points, or 0.2 percent, at 14,640 after rallying 1.2 percent on Friday.
Rate-sensitive tech stocks traded higher, with Infineon rising half a percent.
Nordex AG, a wind turbine maker, jumped nearly 2 percent after saying it had received an order from a utility in the end of 2022 to supply and install ten N149/4.X turbines for a wind farm in North-Rhine Westphalia, Germany.
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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.
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43 minutes ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Monday.
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1h 9min ago
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.
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1h 35min ago
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.
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2h 9min ago
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.
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2h 15min ago
DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates
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.
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2h 41min ago
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.
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3h 39min ago
Asian Shares Rise On Optimism Over Trade Talks
Asian stocks rose broadly on Monday amid revived hopes for progress in trade talks and expectations of further stimulus from China.
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4h 0min ago
