DAX Holds Steady Ahead Of PMI Data

RTTNews | 826 days ago
Stocktwits
DAX Holds Steady Ahead Of PMI Data

(RTTNews) - German stocks were largely steady on Tuesday as investors assessed the outlook for economic and corporate earnings growth against the backdrop of slowing inflation.

Underlying sentiment remained supported somewhat after survey data from GfK showed Germany's consumer confidence is set to improve for the fourth month in a row in February.

The forward-looking consumer confidence index climbed to -33.9 from -37.6 in January, which was revised from -37.8. However, economists had expected a higher reading of -33. The survey period was from January 5 to 16.

The benchmark DAX was marginally higher at 15,108 after gaining around half a percent in the previous session.

The release of flash purchasing managers' index data from the euro zone may sway sentiment as the day progresses.

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Yen Rises Ahead Of BoJ Monetary Policy Meeting

Yen Rises Ahead Of BoJ Monetary Policy Meeting

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders await the Bank of Japan (BoJ) monetary policy decision due this week.
RTTNews | 2h 13min ago
German Consumer Sentiment Set To Continue Recovery: GfK

German Consumer Sentiment Set To Continue Recovery: GfK

German consumer confidence is set to continue its recovery in May as trade tariff hikes by the US administration had a limited impact, a closely watched survey showed Tuesday. The forward-looking consumer sentiment index improved unexpectedly to -20.6 in May from revised -24.3 in the previous month.
RTTNews | 2h 14min ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

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 remain optimistic and keep a close eye on developments on the tariff front, with U.S. Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.
RTTNews | 2h 54min ago
European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.
RTTNews | 3h 52min ago
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.
RTTNews | 4h 3min ago
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