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DAX Edges Higher As Industrial Output Recovers
(RTTNews) - German stocks were seeing modest gains on Monday after data showed German industrial production recovered at a faster than expected pace in November.
Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis said. Production was expected to gain 0.1 percent.
The benchmark DAX was up 31 points, or 0.2 percent, at 14,640 after rallying 1.2 percent on Friday.
Rate-sensitive tech stocks traded higher, with Infineon rising half a percent.
Nordex AG, a wind turbine maker, jumped nearly 2 percent after saying it had received an order from a utility in the end of 2022 to supply and install ten N149/4.X turbines for a wind farm in North-Rhine Westphalia, Germany.
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Canadian Dollar Extends Gain Against Majors
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Pound Falls Against Most Majors
The pound weakened against its most major counterparts in the New York session on Wednesday.
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Swiss Market Ends On Positive Note
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Major European Markets Close Higher As Investors React To Earnings, Economic Data
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4h 6min ago
TSX Down Nearly 1% Despite Coming Off Early Lows
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4h 50min ago
German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months
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U.S. Pending Home Sales Unexpectedly Spike 6.1% March
Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
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6h 35min ago
U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates
A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
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6h 38min ago
