DAX Holds Steady On Mixed Data

RTTNews | 703 dni temu
DAX Holds Steady On Mixed Data

(RTTNews) - German stocks held steady on Friday as investors digested mixed readings on the domestic front and awaited key Eurozone and U.S. inflation data due later in the day for direction.

The benchmark DAX was marginally higher at 15,537 after climbing 1.3 percent in the previous session.

German retail sales fell unexpectedly in February by 1.3 percent in real terms compared to the previous month, official data released earlier in the day showed.

Germany's import price index rose at a slower rate of 2.8 percent annually in February, while export price inflation slowed to 6.6 percent in February from 7.8 percent in the previous month, separate data showed.

In corporate news, Sartorius plunged 5.4 percent after the pharmaceutical and laboratory equipment supplier announced its acquisition of Polyplus for about 2.4 billion euros.

Wind turbine manufacturer Nordex lost 6 percent after posting a wider loss for 2022.

read more
U.S. Dollar Falls Amid U.S. Fed Rate Cut Prospect

U.S. Dollar Falls Amid U.S. Fed Rate Cut Prospect

The U.S. dollar weakened against other major currencies in the Asian session on Monday, amid prospects of the U.S. Fed cutting interest rates earlier as it is feared that the U.S. trade war may hurt global growth, worsen inflation and possibly spark recessions in some countries. Traders also picked up stocks at a bargain after the recent slump in the markets.
RTTNews | 6g 11 minut temu
Asian Shares Mostly Higher On Improved China Data

Asian Shares Mostly Higher On Improved China Data

Asian stocks advanced on Monday as new PMI data suggested China's manufacturing had a solid start to 2025 and European leaders pledged to assemble a "coalition of the willing" to develop a plan for ending Ukraine's war with Russia.
RTTNews | 6g 28 minut temu
European Economic News Preview: Eurozone Flash Inflation, Final Factory PMI Due

European Economic News Preview: Eurozone Flash Inflation, Final Factory PMI Due

Flash inflation and final factory Purchasing Managers' survey results from the Eurozone and mortgage approvals from the UK are the top economic news due on Monday. At 2.00 am ET, consumer and producer price figures are due from Turkey. Inflation is forecast to ease to 39.9 percent in February from 42.12 percent in January.
RTTNews | 8g 32 minut temu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid prospects of the US Fed cutting interest rates earlier as it is feared that the U.S. trade war may hurt global growth, worsen inflation and possibly spark recessions in some countries. Traders also picked up stocks at a bargain after the recent slump in the markets.
RTTNews | 11g 35 minut temu