DAX Inches Higher Ahead Of Business Confidence Data
(RTTNews) - German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
In economic releases, investors await producer price inflation data for November and business sentiment survey results later in the day for further direction.
The ifo Institute's business sentiment index is forecast to rise to 87.4 from 86.3 in the previous month.
The benchmark DAX was up 73 points, or half a percent, at 13,966 after losing 0.7 percent on Friday.
Banks traded mixed, with Deutsche Bank rising more than 1 percent while Commerzbank shares were marginally lower.
Freenet AG jumped nearly 4 percent after Deutsche Bank raised its rating on the stock.
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New Zealand Building Consents Sink 5.6% In December
The total number of building permits issued in New Zealand in December was down a seasonally adjusted 5.6 percent on month in December, Statistics New Zealand said on Tuesday - coming in at 2,478.
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5h 0min ago
Gold Futures Settle Moderately Higher On Safe-haven Buying
Gold futures settled moderately higher on Monday as prices recovered from early lows, with investors picking up the safe-haven commodity amid fears of a prolonged trade war after U.S. President imposed tariffs on Canada, Mexico and China and warned that the EU and the UK could be the next targets for the levy.
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6h 59min ago
U.S. Dollar Falls As Trump Pauses Mexico's Tariffs
The U.S. dollar weakened against its major counterparts in the New York session on Monday, as risk sentiment improved after US President Donald Trump and Mexican President Claudia Sheinbaum agreed to suspend tariffs for one month.
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7h 10min ago
Canadian Market Remains Weak Despite Coming Off Early Lows
After plunging nearly 800 points or more than 3% in early trades on Monday, the Canadian market has staged a good recovery, but still remains firmly down in negative territory with several stocks from industrials, consumer discretionary and financials sectors reeling under sustained selling pressure.
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7h 21min ago
Swiss Market Ends Modestly Lower
The Switzerland market closed weak on Monday although the downside was much less pronounced than the losses posted by most of the major markets in the European region.
The weakness in the market was due to rising fears of a global trade war after the U.S. President Donald Trump imposed tariffs on Canada, Mexico and China and warned that the EU and the UK could be next in line for the levy.
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8h 8min ago
European Stocks Close Notably Lower On Trade War Fears
European stocks closed notably lower on Monday, as imposition of punitive tariffs by the U.S. President Donald Trump on Canada, Mexico and China and his warning that the European Union and the UK could be the next target for the levies triggered a sell-off across the board.
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8h 26min ago
Pound Advances Against Majors
The pound firmed against its major counterparts in the New York session on Monday.
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9h 4min ago
U.S. Construction Spending Climbs Much More Than Expected In December
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased by much more than expected in the month of December. The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.192 trillion in December after rising by 0.2 percent to a revised rate of $2.180 trillion in November.
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11h 21min ago
