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DAX Extends Gains On Economic Optimism

DAX Extends Gains On Economic Optimism

German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next month's upcoming policy meeting.
RTTNews | 131 gün önce
Asian Shares Climb On US Growth Optimism

Asian Shares Climb On US Growth Optimism

Asian stocks advanced on Friday as encouraging U.S. data on inflation and retail sales allayed recession fears in the world's largest economy but prompted traders to push back expectations for aggressive rate cuts by the Federal Reserve.
RTTNews | 131 gün önce
Pound Rises On Strong U.K. Retail Sales Data

Pound Rises On Strong U.K. Retail Sales Data

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales.
RTTNews | 131 gün önce
UK Retail Sales Recover In July

UK Retail Sales Recover In July

UK retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales. Retail sales increased 0.5 percent on a monthly basis in July, following a revised 0.9 percent fall in June. Economists had forecast sales to grow 0.6 percent.
RTTNews | 131 gün önce
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | 131 gün önce
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NZ Dollar Rises Amid Risk Appetite

NZ Dollar Rises Amid Risk Appetite

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday amid risk appetite, as stronger than expected U.S. retail sales and weekly jobless claims data helped ease concerns about a recession in the world's largest economy. However, this is expected to prompt the U.S. Fed to go for a lower interest rate cut in September.
RTTNews | 131 gün önce
Malaysia GDP Growth Rises More Than Estimated

Malaysia GDP Growth Rises More Than Estimated

Malaysia's economic growth accelerated more than initially estimated in the second quarter on household consumption and investment. Gross domestic product registered an annual growth of 5.9 percent in the second quarter after rising 4.2 percent in the previous quarter, revised estimate from the Department of Statistics showed on Friday.
RTTNews | 131 gün önce
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | 131 gün önce
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and foreign trade from the euro area are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for July. Sales are forecast to grow 0.5 percent on month, reversing the 1.2 percent decrease in June.
RTTNews | 131 gün önce

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