DAX Inches Higher In Cautious Trade As Banks Gain
(RTTNews) - German stocks were modestly higher in cautious trade on Monday as investors awaited speeches from European Central Bank policymakers including chief Christine Lagarde later in the day for new hints about whether the central bank will cut interest rates again when it meets in December.
Upcoming regional inflation data, euro zone November flash PMIs and Nvidia earnings also remain on investors' radar.
The benchmark DAX was up 38 points, or 0.2 percent, at 19,248 after declining 0.3 percent on Friday.
Banks traded higher, with Commerzbank climbing 1.4 percent and Deutsche Bank adding 0.9 percent.
The EUR/USD consolidated above 1.0500 after Fed Chair Jerome Powell emphasized that there is no need to rush for interest-rate cuts.
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Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops
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Bay Street Likely To Open On Positive Note
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CPI Uptick, Fed Hints Boost Dollar Again
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The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
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Nvidia's New Blackwell AI Chip Servers Reportedly Overheat
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Thai GDP Expands Most In 2 Years
The Thai economy grew at the fastest pace in two years in the third quarter on strong investment, exports and government spending, data from the Office of the National Economic and Social Development Council showed Monday. Gross domestic product climbed 3.0 percent on a yearly basis after rising revised 2.2 percent in the second quarter.
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Sensex, Nifty End Modestly Lower
Indian shares ended Monday's session modestly lower amid concerns over slowing earnings growth and a weakening rupee amidst continued foreign fund outflows.
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European Shares Struggle For Direction Ahead Of ECB Lagarde's Speech
European stocks struggled for direction on Monday as investors awaited speeches from ECB policymakers including chief Christine Lagarde later in the day for interest rate guidance.
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