DAX Rises As Fed Hike Bets Ease

RTTNews | 876 days ago
Stocktwits
DAX Rises As Fed Hike Bets Ease

(RTTNews) - German stocks advanced on Friday after U.S. producer price gains slowed in July, adding to expectations the Federal Reserve will slow the pace of rate hikes going forward.

The benchmark DAX climbed 83 points, or 0.6 percent, to 13,777 after closing marginally lower in the previous session.

Shopping center investor Deutsche EuroShop slumped 5.6 percent after reporting flat revenue for the first half of 2022.

Freenet, a telecommunications and web content provider, added 1.6 percent after lifting its FY EBITDA outlook.

Knorr-Bremse gave up 2.8 percent. The manufacturer of braking systems for rail and commercial vehicles reported that its operating EBIT for the first half of 2022 declined to 365 million euros from the prior year's 495 million euros.

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TSX Ends On Firm Note Again, Gains 1.1% In Week

TSX Ends On Firm Note Again, Gains 1.1% In Week

The Canadian market closed on a firm note on Friday, lifted by gains in real estate, communications and technology stocks. The benchmark S&P/TSX Composite Index ended the session with a gain of 175.51 points or 0.7% at 25,073.54. The index gained 1.12% in the holiday-shortened week.
RTTNews | 1 day ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a positive start, Swiss stocks retreated and moved along the flat line right till the end of the day's trading session on Friday, as investors, returning to the market after New Year holidays, refrained from making significant moves.
RTTNews | 1 day ago
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues.
RTTNews | 1 day ago
U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

Manufacturing activity in the U.S. contracted at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI inched up to 49.3 in December from 48.4 in November, although a reading below 50 still indicates contraction. Economists had expected the index to come in unchanged.
RTTNews | 1 day ago
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