DAX Edges Higher Ahead Of ECB Minutes

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DAX Edges Higher Ahead Of ECB Minutes

(RTTNews) - German stocks eked out modest gains on Thursday after minutes from the Federal Reserve's November meeting signaled a slowdown in future rate hikes.

According to the FOMC meeting minutes, a majority of policymakers found that a slower pace of interest rate hikes would "likely soon be appropriate."

"A slower pace in these circumstances would better allow the committee to assess progress toward its goals of maximum employment and price stability."

The ECB minutes of the October meeting will be released later in the day.

The benchmark DAX rose 46 points, or 0.3 percent, to 14,473 after finishing marginally higher in the previous session.

Nordex added 1.6 percent after it secured a 42MW turbine order from VSB Group for a wind farm project in Poland.

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European Economic News Preview: German Inflation, Unemployment Data Due

European Economic News Preview: German Inflation, Unemployment Data Due

Flash consumer prices, retail sales and unemployment figures from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, the UK Nationwide house price data is due. Economists forecast house prices to grow 4.3 percent on a yearly basis in January following a 4.7 percent rise in December.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the positive cues from Wall Street overnight, with markets in China, Hong Kong and Taiwan closed for Lunar New Year. The markets are also reacting positively to some domestic economic data from Japan and Australia. The markets are gaining from heavy buying in the tech space and firm metal prices that are pushing up mining stocks.
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Australian Market Halves Gains In Mid-market

Australian Market Halves Gains In Mid-market

The Australian stock market has halved its early gains in mid-market trading on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,500 level after hitting all-time highs, with gains is mining and technology stocks partially offset by weakness in financial stocks.
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Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening on a positive note Friday as investors await the release of the Economic Survey 2025 in Parliament.
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Thai Stock Market Poised To Open In The Green

Thai Stock Market Poised To Open In The Green

The Thai stock market has finished lower in back-to-back sessions, sinking more than 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,335-point plateau and it's likely to find support on Friday.
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Japanese Market Slightly Higher

Japanese Market Slightly Higher

Adding to the gains in the previous two sessions, the Japanese market is slightly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying well above the 39,500 level, as traders react positively to some upbeat domestic economic data, with retail sales exceeded expectations and unemployment rate dropping.
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