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DAX Gains With Focus On ECB Meeting

RTTNews | 121 days ago

DAX Gains With Focus On ECB Meeting

(RTTNews) - German stocks traded higher on Wednesday ahead of key U.S. consumer price inflation data due later in the day and a European Central Bank (ECB) policy meeting on Thursday.

The ECB is expected to cut its deposit rate by 25 basis points on Sept. 12 and again in December.

The benchmark DAX was up 57 points, or 0.3 percent, at 18,323 after losing 1 percent in the previous session.

Commerzbank shares jumped 16 percent after Italian lender UniCredit took a 9 percent shareholding in the German bank and said it will seek approval to potentially buy more.

Automaker BMW rose about 1 percent despite downgrading its 2024 outlook.

Encavis AG, a producer of electricity from Renewable Energies, was marginally lower after an announcement that it has purchased a ready-to-build wind farm with a potential to generate 18 megawatts power in Dannhausen.

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U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.

RTTNews | 5h 34min ago

U.S. Job Growth Far Exceeds Estimates In December

U.S. Job Growth Far Exceeds Estimates In December

A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to climb by 160,000 jobs.

RTTNews | 6h 16min ago

U.S. Employment Surges Much More Than Expected In December

U.S. Employment Surges Much More Than Expected In December

A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December.

RTTNews | 7h 24min ago

Higher Commodity Prices Point To Positive Start On Bay Street; Jobs Data In Focus

Higher Commodity Prices Point To Positive Start On Bay Street; Jobs Data In Focus

Higher crude oil prices and steady bullion market point to a positive start for Canadian stocks on Friday. However, the focus is on jobs data from Canada and the U.S., and any disappointment on that front could render the market a bit volatile.

RTTNews | 8h 11min ago

Swiss Franc Slides Against Majors

Swiss Franc Slides Against Majors

The Swiss franc weakened against other major currencies in the European session on Friday.

RTTNews | 10h 31min ago

Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results

Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results

Indian shares ended slightly lower on Friday to extend their losing streak for a third day running due to concerns over a weakening rupee, rising oil prices and continued FII outflows amidst global uncertainties.

RTTNews | 10h 40min ago

FTSE 100 Down Marginally As Market Awaits U.S. Jobs Data

FTSE 100 Down Marginally As Market Awaits U.S. Jobs Data

U.K.'s benchmark stock index FTSE 100 is down marginally Friday morning with stocks moving in a narrow range as investors largely refrain from making significant moves while awaiting the crucial U.S. jobs data due later in the day.

RTTNews | 11h 0min ago

CAC 40 Pares Modest Early Gains, Down Marginally In Cautious Trade

CAC 40 Pares Modest Early Gains, Down Marginally In Cautious Trade

French stocks are turning in a mixed performance Friday morning with investors digesting the data on industrial production and consumer spending, and looking ahead to U.S. jobs data.

RTTNews | 11h 22min ago

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