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DAX Rises On China Stimulus Hopes
(RTTNews) - German stocks traded higher on Friday after China's cabinet vowed to act decisively in ramping up support for the ailing economy.
Authorities will seize the window of opportunity and "decisively enhance the strength (of policy), roll out all policy measures that are needed to stabilize the economy", the cabinet was quoted as saying after a regular meeting.
Investors were also reacting to comments by U.S. President Joe Biden to The Associated Press on Thursday that he saw reasons for optimism about the economy. A recession is "not inevitable," Biden said.
The benchmark DAX jumped 137 points, or 1.1 percent, to 13,175 after losing 3.3 percent the previous day.
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German Inflation At 4-Month Low Adds To ECB Rate Cut Hopes
Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
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4h 13min ago
Canadian Market Recovers After Weak Start; TSX Modestly Higher
After opening with a negative gap and falling further in early trades, the Canadian market emerged into positive territory on Monday, led by gains in consumer staples, energy, communications and consumer discretionary sectors.
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4h 21min ago
UK Mortgage Approvals Fall Slightly; Consumer Credit Drops
UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.
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8h 0min ago
Bay Street Looks Headed For Weak Start
Canadian shares look headed for a weak start Monday morning, tracking a sell-off in global markets amid fears U.S. President Donald Trump's economic policies and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates higher and drag down global economic growth.
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8h 2min ago
Dollar Edges Down Despite PCE Inflation Uptick
The Dollar Index edged lower during the week ended March 28, amidst turbulence related to trade tariffs and the release of hotter-than-expected PCE-based inflation readings.
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8h 8min ago
FTSE Notably Lower As Trade War Fears Hurt Sentiment
U.K. stocks are down firmly in negative territory on Monday, tracking weak global markets amid rising fears of a global trade war after the U.S. President Donald Trump said he will likely impose duties on "essentially all" of the U.S.'s trading partners.
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9h 20min ago
CAC 40 Down 1.7% On Stocks Fall On Tariff Jitters
The French stock market is down sharply a little past noon on Monday with investors pressing sales almost across the board amid rising fears of a global trade war following the U.S. President Donald Trump that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
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9h 43min ago
DAX Down Sharply As Stocks Tumble On Tariff Worries
German stocks are down sharply around noon on Monday, ahead of the Trump Administration's "reciprocal tariffs," that will come into force this week.
The details of the tariffs are not clear as yet, but the U.S. President had stated in an interview on Sunday that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
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9h 59min ago
