DAX Rebounds In Cautious Trade
(RTTNews) - German stocks rebounded on Monday after falling sharply in the previous session due to uncertainty about EU's political landscape.
The euro held around more than one-month lows amid France's political turmoil.
Treasury yields ticked higher as investors pondered the timeline of interest-rate cuts. The European Central Bank is confident that inflation will fall back to its 2 percent target in the second half of next year, but we have to interpret the incoming data carefully to differentiate the noise and the signal, the ECB's chief economist Philip Lane reportedly told Reuters today.
The benchmark DAX was up 80 points, or half a percent, at 18,083 after declining 1.4 percent on Friday.
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Eurozone Private Sector Stagnates In October
The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
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7小时32分钟前
Bay Street Looks Headed For Positive Start
Higher Canadian and U.S. futures and firm European stocks following Donald Trump's victory in the U.S. Presidential Election point to a positive start for the Canadian market on Wednesday.
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7小时48分钟前
Spanish Services Sector Expands For 14th Month - PMI Survey
Spain's services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers' survey by S&P Global showed on Wednesday.
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7小时58分钟前
UK Construction Sector Growth Weakens In October
The UK construction sector growth slowed notably in October but overall industry activity remained solid on civil engineering work, survey results from S&P Global showed on Wednesday. The construction Purchasing Managers' Index posted 54.3 in October, down from 57.2 in September. The index signaled expansion for the eighth consecutive month.
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8小时45分钟前
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View
Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
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9小时13分钟前
Sensex, Nifty Rally On Trump's Victory; IT Stocks Lead
Indian shares posted strong gains on Wednesday, with firm global cues boosting sentiment after U.S. Republican Donald Trump claimed victory in the 2024 presidential contest.
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9小时57分钟前
German Factory Orders Log Stronger Than Expected Rebound
Germany's factory orders rebounded at a faster than expected pace in September on robust demand for aircraft, ships, trains and military vehicles, data from Destatis showed on Wednesday. Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August.
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10小时20分钟前
Home Depot Co-founder Bernard Marcus Dies At 95
Bernard Bernie Marcus, who co-founded retail chain the Home Depot Inc., has died, aged 95. The Billionaire, said to be a major donor to Republican politicians and a supporter of Donald Trump, breathed his last on the U.S. Election day. In a statement announcing the news, the company, which is now mainly owned by institutional investors, said, "Bernie was an inspiration in many ways...."
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10小时29分钟前
