DAX Gains As Investors Cheer US Labor Market Data

RTTNews | 170 days ago
Stocktwits
DAX Gains As Investors Cheer US Labor Market Data

(RTTNews) - German stocks eked out modest gains on Friday after new U.S. labor market data eased recession concerns in the world's largest economy.

The benchmark DAX was up 76 points, or 0.4 percent, at 17,756 after rising 0.4 percent in the previous session.

The dollar held near a one-week high against its major peers, influence by a significant rise in U.S. Treasury yields.

In corporate news, optics giant Jenoptik surged 8.6 percent after boosting sales and profits in the second quarter.

Media powerhouse RTL Group added nearly 2 percent as it reported a 4.7 percent year-on-year increase in TV advertising revenue for the first half of the year.

Lanxess jumped 4.2 percent. The specialty chemicals maker confirmed its FY24 view despite posting a 5.6 percent drop in its second-quarter sales.

Stocktwits
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Singapore Bourse May Extend Friday's Losses

Singapore Bourse May Extend Friday's Losses

The Singapore stock market turned lower again on Friday. One day after ending the three-day losing streak in which it had slipped more than 30 points or 0.7 percent. The Straits Times Index now sits just above the 3,800-point plateau and the losses may accelerate on Monday.
RTTNews | 5h 9min ago
Lower Open Anticipated For Malaysia Stock Market

Lower Open Anticipated For Malaysia Stock Market

The Malaysia stock market headed south again on Friday, one day after snapping the four-day winning streak in which it had improved more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,575-point plateau and it may open under pressure again on Monday.
RTTNews | 5h 39min ago
Japan Stock Market Expected To Open Under Pressure On Monday

Japan Stock Market Expected To Open Under Pressure On Monday

The Japanese stock market on Friday halted the four-day winning streak in which it had accelerated more than 1,500 points or 3.8 percent. The Nikkei 225 now rests just above the 39,930-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | 5h 54min ago
KOSPI May Hand Back Friday's Gains

KOSPI May Hand Back Friday's Gains

The South Korea stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had eased almost 10 points or 0.4 percent. The KOSPI now rests just above the 2,535-point plateau although it figures to head south again on Monday.
RTTNews | 6h 9min ago
China Manufacturing PMI Data Due On Monday

China Manufacturing PMI Data Due On Monday

China will on Monday see January results for its manufacturing, non-manufacturing and composite indexes from the National Bureau of Statistics, highlighting a light day for Asia-Pacific economic activity. In December, their scores were 50.1, 52.2 and 52.2, respectively.
RTTNews | 6h 39min ago
TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day

TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day

Despite moving in a tight band in lackluster trade, the Canadian market closed higher on Friday, extending gains to a ninth straight day, the longest winning run in over three years. Worries about potential new tariffs by the U.S. weighed on sentiment and limited market's upside.
RTTNews | 2 days ago
Dollar Loses Ground Against Major Counterparts

Dollar Loses Ground Against Major Counterparts

The U.S. dollar fell on Friday amid easing worries about a trade war, and on U.S. President Donald Trump's call to global central banks to lower interest rates.
RTTNews | 2 days ago
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market closed marginally up on Friday after staying in a tight band above the flat line right through the day's trading session. Investors continued to assess recent economic data and U.S. President Donald Trump's remarks about potential new tariffs and call for interest rate cuts.
RTTNews | 2 days ago
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