DAX Edges Higher In Cautious Trade Ahead Of US Jobs Data
(RTTNews) - German stocks were seeing modest gains in cautious trade on Friday ahead of the release of U.S. non-farm payroll report later in the day and next week's U.S. presidential election.
The benchmark DAX was up 60 points, or 0.3 percent, at 19,138 after losing 0.9 percent in the previous session.
In corporate news, Siemens rose about 1 percent on reports that the conglomerate is eyeing more acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair.
Shares of Fielmann Group AG, an eyewear company, slumped 7.6 percent despite posting a rise in sales for the nine-month period and reaffirming its annual sales outlook.
Technology stocks such as SAP and Infineon Technologies were little changed.
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TikTok Restores Services In US With Trump's Support
Social media platform TikTok, which had decided to disable services in the United States following the U.S. Supreme Court's decision to upheld a ban, began restoring its services on Sunday after President-elect Donald Trump announced his support. The U.S. Supreme Court on Friday had upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, which was signed into law
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Japan Core Machinery Orders Growth Accelerates
Japan's core machinery orders growth accelerated in November, reflecting an increase in capital expenditure, official data revealed Monday. Core machinery orders increased 3.4 percent on a monthly basis, faster than the 2.1 percent increase in October, data from the Cabinet Office showed on Monday. Moreover, this was the second consecutive increase and confounded expectations for a decline.
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Asian Shares Mostly Higher Before Trump Inauguration
Most Asian stocks rose on Monday after major U.S. stock indexes rallied to close out their best week in two months Friday on interest-rate cut optimism.
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5h 23min ago
DAX 30 Up Marginally In Cautious Trade
German stocks are up marginally Monday morning led by notable gains poted by a few big name stocks as investors digest the official data showing an increase in industrial product prices in the month of December, and await some key reports from the U.S. and Europe for clues about interest rates.
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5h 32min ago
NZ Dollar Rises After Risk Appetite
The New Zealand dollar strengthened against other major currencies in the Asian session on Monday amid risk appetite among traders, following the broadly positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of U.S. President-elect Donald Trump amid speculations on the potential impact of his policies.
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5h 43min ago
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
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6h 10min ago
SmartDrive Speed Control Dial Recalled Due To Unresponsive Motor
Advanced medical technology firm Max Mobility/Permobil, part of Patricia Industries, a unit of Sweden's Investor AB, has recalled the Speed Control Dial component used with the SmartDrive MX2+ Power Assist Device, citing the potential safety and performance concerns. The recall was initiated after receiving 646 complaints associated with the Speed Control Dial as of December 12, 2024.
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7h 56min ago
China Retains Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the third straight session on Monday as policymakers await the stance of new US administration.
The PBoC left its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was held at 3.60 percent. The decision matched expectations.
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7h 59min ago
