DAX Little Changed Ahead Of US Jobs Report
(RTTNews) - German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates.
Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs in August. The unemployment rate is expected to hold at 4.2 percent.
The dollar hovered near a six-week high while oil prices steadied, after having surged 5 percent the previous day as U.S. President Joe Biden said the U.S. was discussing possible strikes by Israel on Iran's oil industry.
The benchmark DAX was marginally higher at 19,023 after declining 0.8 percent in the previous session.
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German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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5h 31min ago
French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
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6h 54min ago
Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers
Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.
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7h 0min ago
European Shares Muted Ahead Of Key Inflation Reading
European stocks slipped into the red on Friday ahead of the release of flash euro zone inflation data for November, due later in the day.
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8h 2min ago
FTSE 100 Muted In Cautious Trade
U.K. stocks were muted on Friday ahead of the release of euro zone inflation data later in the day.
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8h 13min ago
CAC 40 Subdued On Budget Worries
French stocks traded lower on Friday, a day after the country's borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy.
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8h 26min ago
DAX Slips As Retail Sales Disappoint
German stocks traded lower on Friday after data showed retail sales in the country fell more than expected in October, falling 1.5 percent month-on-month.
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8h 37min ago
Asian Shares Mixed; China Leads Gains On Stimulus Hopes
Asian stocks ended mixed on Friday, with a stronger yen amid BOJ rate hike bets weighing on Japanese markets while Chinese stocks logged strong gains on stimulus expectations, heading into a key economic meeting next month.
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8h 57min ago
