DAX Little Changed Ahead Of Key US Inflation Readings

RTTNews | 135 days ago
Stocktwits
DAX Little Changed Ahead Of Key US Inflation Readings

(RTTNews) - German stocks held steady on Tuesday as investors reacted to a slew of earnings and awaited key U.S. inflation data this week for directional cues.

The benchmark DAX was marginally higher at 17,743 after finishing on a flat note the previous day.

Chemicals distributor Brenntag dropped 1.1 percent after lowering its full-year guidance.

Consumer goods group Henkel added half a percent after posting solid second-quarter results with strong gross margin growth.

Evotec rallied 3.6 percent. The drug maker announced significant advancements in its strategic partnership with Bristol Myers Squibb, focusing on developing a pipeline based on molecular glue.

As a result of performance and program-based milestones, Evotec will receive a total of $75 million in payments.

Thyssenkrupp Nucera rose over 2 percent. The global leader in electrolysis technologies reported a 12 percent increase in order intake in Q3 2024.

Meal-kit maker HelloFresh soared 10 percent after its second-quarter results beat estimates.

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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 5h 54min ago
Asian Shares Mixed In Thin Holiday Trade

Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed in thin holiday trade on Thursday while regional currencies were mostly lower against a resilient dollar and elevated Treasury yields amid uncertainty about the Federal Reserve's interest-rate path and U.S. President-elect Donald Trump's tariff threats. Oil and gold clung to modest gains in Asian trade.
RTTNews | 12h 0min ago
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