DAX Edges Higher In Cautious Trade
(RTTNews) - German stocks edged up slightly on Monday after a brutal sell-off last week on concerns over rising inflation and slowing global growth.
German producer price inflation rose to a fresh record high in May, driven by energy prices, data from Destatis showed earlier today.
Producer prices logged a double-digit growth of 33.6 percent year-on-year in May, following April's 33.5 percent increase. The rate was forecast to grow again by 33.5 percent.
On a monthly basis, producer prices gained 1.6 percent after rising 2.8 percent in April. Economists had forecast prices to climb 1.5 percent.
The benchmark DAX rose 47 points, or 0.4 percent, to 13,173 after rising 0.7 percent on Friday.
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European Shares Subdued As China-exposed Stocks Fall
European stocks were slightly lower on Friday at the end of a holiday-shortened week.
The pan-European STOXX 600 was down 0.2 percent at 509.59 but was on course for a 0.6 percent weekly gain.
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5h 13min ago
Asian Shares Mixed Despite Hopes For Chinese Stimulus
Asian stocks ended mixed on Friday despite hopes that China will follow through on its pledges to stimulate growth in the new year.
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5h 43min ago
European Shares Set To Follow Wall Street Lower
European stocks may drift lower at open on Friday after major U.S. benchmark indexes extended a selloff for a fifth day overnight amid choppy trading.
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8h 52min ago
John Deere Mowers With Kawasaki Engines Recalled
Kawasaki Motors Corp. U.S.A. has recalled about 39,000 units of select John Deere mowers from Illinois-based Deere & Co. with Kawasaki enginess, citing fire and burn risks, the U.S. Consumer Product Safety Commission said. About 2,600 units sold in Canada were also impacted. The recall involves John Deere ZTrak Zero Turn Mowers with model numbers Z720E, Z730M, Z740R and Z760R with Kawasaki engines
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8h 54min ago
Sensex, Nifty Open Lower As Dollar, US Yields Climb
Indian shares opened lower on Friday after rising sharply in the previous session amid the expiry of weekly F&O contracts.
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9h 40min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Friday, despite the negative cues from Wall Street overnight, boosted by strong gains in materials and energy stocks on firm metal and crude oil prices. An unexpected decline by US weekly jobless claims also seemingly provided support for the US Fed's measured approach to lower interest rates. Asian markets ended mostly lower on Thursday.
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10h 57min ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Friday, also adding to the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,200 level, with gains across most sectors led by gold miners, energy and technology stocks.
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11h 41min ago
Sensex, Nifty Seen Lower At Open After Strong Rally
Indian shares may drift lower at open on Friday after U.S. stocks fell for a fifth day running overnight, underscoring a cautious start to the year.
RTTNews
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11h 47min ago
