DAX Sees Modest Gains In Cautious Trade
(RTTNews) - German stocks were seeing modest gains on Monday as investors assessed the outlook for inflation and economic growth.
Traders will monitor U.S. consumer price inflation data and retail sales figures due this week for a better understanding of how the Federal Reserve would pull off a soft landing.
The benchmark DAX was up 35 points, or 0.2 percent, at 15,343 after losing 1.4 percent on Friday.
Asian markets ended broadly lower earlier in the day, while U.S. stock futures were down after the S&P 500 and Nasdaq ended their worst week in nearly two months.
The euro traded lower against the dollar for a second straight session, hitting five-week lows amid a widening policy gap between Europe and the United States.
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U.S. Producer Price Growth Slightly Exceeds Estimates In January
Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly revised 0.5 percent in December.
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6h 42min ago
U.S. Jobless Claims Dip Slightly More Than Expected To 213,000
First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 213,000, a decrease of 7,000 from the previous week's revised level of 220,000.
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6h 47min ago
Siemens Q1 Net Profit Surges, Orders Down; Backs FY25 View; Stock Up
Shares of Siemens AG were gaining around 6 percent in the German trading on the XETRA after the conglomerate on Thursday reported significantly higher profit in its first quarter, benefited by a gain on sale of Innomotics, and confirmed fiscal 2025 comparable revenue growth outlook. This was despite reporting weak earnings from continuing operations and orders in the quarter.
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7h 34min ago
U.S. Producer Prices Rise Slightly More Than Expected In January
Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January.
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8h 11min ago
U.S. Weekly Jobless Claims Dip Slightly More Than Expected
First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday.
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8h 17min ago
UK Economy Unexpectedly Returns To Growth
The U.K. economy logged a surprise expansion in the fourth quarter of 2024, but the mild growth is unlikely to ease the pressure on the Chancellor who aims to turbocharge growth. Gross domestic product grew 0.1 percent from the third quarter, when there was nil growth, the Office for National Statistics reported Thursday.
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8h 24min ago
Bay Street Likely To Open With Positive Bias
Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices. Weak crude oil prices could trigger some selling in the energy space and limit market's upside.
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8h 41min ago
Eurozone Industrial Output Falls More Than Expected
Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a
Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month.
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11h 23min ago
