DAX Edges Higher In Holiday-thinned Trade
(RTTNews) - German stocks rose on Thursday after overnight data showed U.S. consumer confidence rose to an eight-month high in December on the back of declining inflation expectations and a strong labor market.
The benchmark DAX was up 43 points, or 0.3 percent, at 14,141 after rallying 1.5 percent on Wednesday.
Banks traded higher, with Deutsche Bank rising nearly 1 percent and Commerzbank gaining half a percent.
Automakers were mixed, with Volkswagen losing around 1 percent.
Hornbach Holding AG & Co. KGaA, a DIY-store chain operator, added 1 percent after backing its FY23 outlook.
Retailer Metro AG edged up slightly after saying that it agreed to divest Metro India to Reliance Retail Ventures Limited.
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CAC 40 Recovers After Mild Setback
After a marginal upmove and a subsequent drop into the red, French stocks have edged higher Tuesday morning with investors largely making cautious moves, assessing the potential implications of tariffs imposed and proposed to be imposed by the U.S. on countries such as Canada, Mexico and China, as well the EU and the U.K.
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5h 9min ago
Sensex Soars 1,397 Points; Nifty Ends Above 23,700
Indian shares ended sharply higher on Tuesday after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month but gave China no such relief.
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5h 26min ago
DAX Flat After Somewhat Wild Swings; Infineon Soars On Guidance
German stocks are a bit volatile Tuesday morning with investors focusing on earnings and awaiting fresh economic data this week for directional clues.
The mood is a bit cautious as trade war concerns linger despite U.S. President Donald Trump striking deals with Canada and Mexico to delay 25% import taxes for a month.
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5h 41min ago
Spain Unemployment Rises Less Than Forecast
Spain's unemployment increased less than expected in January and also hit the lowest level for the month in 17 years as the economy continued to exhibit robust growth, official data showed on Tuesday. The number of people out of work increased 38,725 in January from the previous month, the labor ministry said.
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6h 22min ago
European Shares Slide As Trade War Fears Mount
European shares declined on Tuesday as new U.S. tariffs of 10 percent on Chinese imports took effect and China announced retaliatory tariffs and export controls, raising fears of a trade war between the world's two largest economies.
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6h 47min ago
Asian Shares Pare Early Gains As China Retaliates With Tariffs On US Goods
Asian stocks gave up some early gains but still ended higher on Tuesday as China slapped tariffs on U.S. imports in a rapid response to a 10 percent trade duty imposed by the Trump administration on Chinese goods, which took effect from 00:00 ET today.
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7h 11min ago
Commodity Currencies Advance After Trump's Tariff Delay
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as traders reacted positively to U.S. President Donald Trump's latest decision to delay imposing the planned tariffs on Mexico and Canada after successful negotiations with the respective leaders. The tariffs could have renewed inflation fears, leading the U.S. Fed to keep interest rates on hold for longer.
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8h 52min ago
Canadian Dollar Advances Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Tuesday.
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9h 23min ago
