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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TSX Records New Intraday, Closing Highs
The Canadian market climbed to a fresh record high on Thursday with stocks from materials and energy sectors moving higher on firm commodity prices. A rate cut by the European Central Bank and expectations of interest rate cuts by the Federal Reserve and the Bank of Canada aided sentiment.
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4h 11min ago
China GDP Data Due On Friday
China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales, fixed asset investment and unemployment.
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4h 12min ago
Dollar Extends Gains Against Major Counterparts
After struggling for direction during the Asian and European sessions on Thursday, the U.S. dollar climbed higher in the New York session, buoyed by data showing a more than expected increase in U.S. retail sales in the month of September. Data showing a drop in jobless claims contributed as well to the dollar's rise.
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5h 12min ago
Canadian Market Modestly Higher, Looks Headed For A Firm Close
The Canadian market is modestly higher Thursday afternoon with gains in materials and energy sectors contributing to the rise. The mood remains positive with investors reacting to the European Central Bank's rate cut move, and optimism about interest rate reductions from the Federal Reserve and the Bank of Canada.
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7h 15min ago
Swiss Market Ends On Firm Note
The Switzerland market shrugged off a weak start and moved higher on Thursday, tracking other European markets as the European Central Bank cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year.
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8h 33min ago
European Stocks Close Higher After ECB Lowers Interest Rate
European stocks closed higher on Thursday with investors cheering the European Central Bank's rate cut announcement, and digesting a slew of corporate earnings updates and regional and U.S. economic data.
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8h 49min ago
Euro Drops As ECB Lowers Key Rates Again
The euro fell against its major counterparts in the European session on Thursday, as the European Central Bank cut key interest rates by 25 basis points amid progress in disinflation and weak economic data released since the September policy session.
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9h 49min ago
U.S. Business Inventories Increase In Line With Estimates In August
A report released by the Commerce Department on Thursday showed business inventories in the U.S. increased in line with economist estimates in the month of August. The Commerce Department said business inventories rose by 0.3 percent in August, matching a downwardly revised increase in July.
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11h 33min ago
