DAX Gains On Relief At French Election Results

RTTNews | 123 days ago
DAX Gains On Relief At French Election Results

(RTTNews) - German stocks advanced on Monday as investors reacted positively to the first round of the French election results.

French far-right's significant win in the first round of parliamentary elections wasn't as impressive as expected, leaving the final result dependent on party deals before a second-round next weekend.

Meanwhile, investors shrugged off the results of a survey showing that Germany's manufacturing sector experienced a fresh setback at the end of the second quarter.

The HCOB final Purchasing Managers' Index (PMI) for German manufacturing fell to 43.5 in June from 45.4 in May, confirming a preliminary flash estimate.

The benchmark DAX was up 95 points, or half a percent, at 18,331 after edging up 0.1 percent on Friday.

Wind turbine manufacturer Nordex fell about 1 percent despite receiving an order from Aquila Clean Energy for 123.9 MW in Spain.

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Swiss Market Ends On Firm Note On Strong Economic Data

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Pound Firms Against Majors

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U.S. Construction Spending Inches Slightly Higher In September

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U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year

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CPSC Recalls: Polaris ROVs, Floating Wall Theaters, Charge Case Accessory, Backpack Sprayers

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U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected

With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October compared to economist estimates for the addition of 113,000 jobs.
RTTNews | 11h 16min ago