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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U.S. Dollar Falls Amid Risk Appetite
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
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5h 23min ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Monday.
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6h 4min ago
European Economic News Preview: German Ifo Business Confidence Data Due
Business confidence survey data from Germany is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, manufacturing sentiment and capacity utilization figures are due from Turkey. At 2.30 am ET, Switzerland's Federal Statistical Office releases employment data for the third quarter.
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6h 29min ago
European Shares Set To Open On Buoyant Note
European stocks look set to open notably higher on Monday after U.S. President-elect Donald Trump picked hedge fund billionaire Scott Bessent as his Treasury Secretary, raising optimism he would recommend "tariffs be layered in gradually".
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7h 14min ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the US Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
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9h 19min ago
Sensex, Nifty Set For Gap-up Opening
Indian shares may see a gap-up opening on Monday after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
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10h 17min ago
Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving above the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks after recent data showed headline inflation slowing to a nine-month low.
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10h 27min ago
Thai Stock Market Expected To Open In The Green On Monday
The Thai stock market rebounded on Friday, one day after snapping the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,445-point plateau and it's tipped to open to the upside again on Monday.
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10h 48min ago
