DAX Edges Higher Ahead Of Lagarde Speech

RTTNews | 829 days ago
Stocktwits
DAX Edges Higher Ahead Of Lagarde Speech

(RTTNews) - German stocks opened higher on Monday, tracking a strong rally on Wall Street Friday and encouraging cues from Asian markets.

Underlying sentiment remained supported somewhat by expectations of a pick-up in Chinese consumer spending on eve of the Lunar New Year holidays and comments from Fed officials suggesting they favor a 25-basis-point rate hike at the next meeting.

The euro scaled a nine-month high against the dollar after ECB governing council member Klaas Knot said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after.

The benchmark DAX was up 105 points, or 0.7 percent, at 15,138 after climbing 0.8 percent on Friday.

Euro area consumer confidence survey results and a speech by ECB President Christine Lagarde at an event may sway sentiment as the day progresses.

Stocktwits
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UK Market Ends Slightly Up

UK Market Ends Slightly Up

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RTTNews | 1h 8min ago
Canadian Market Retreats After Recovering From Early Drop

Canadian Market Retreats After Recovering From Early Drop

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RTTNews | 1h 49min ago
U.S. Construction Spending Unexpectedly Falls 0.5% In March

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RTTNews | 3h 32min ago
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

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The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
RTTNews | 3h 45min ago
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
RTTNews | 3h 57min ago
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