DAX Edges Higher In Cautious Trade

RTTNews | 840 days ago
Stocktwits
DAX Edges Higher In Cautious Trade

(RTTNews) - German stocks edged higher on Thursday, as investors awaited U.S. inflation data for December later in the day that might show price pressures eased from the previous month. Investors remain optimistic that cooling inflation will lead to an end to Fed rate hikes this year.

At the same time, a higher-than-expected reading would force the Federal Reserve to keep raising interest rates at a sharp clip.

Boston Federal Reserve bank leader Susan Collins remarked to the New York Times that she was in favor of raising interest rates to just above 5 percent this year.

The benchmark DAX was up 34 points, or 0.2 percent, at 14,981 after climbing 1.2 percent in the previous session.

Sugar producer Suedzucker AG rose half a percent after it reported higher nine-month results, and confirmed its fiscal 2023 outlook.

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Japan Shares May See Additional Support On Friday

Japan Shares May See Additional Support On Friday

The Japanese stock market has finished higher in six straight sessions, rallying almost 2,250 points or 6.2 percent along the way. The Nikkei 225 now sits just above the 36,450-point plateau and it's expected to open higher again on Friday.
RTTNews | 16 minutes ago
Rebound Anticipated For South Korea Stock Market

Rebound Anticipated For South Korea Stock Market

Ahead of Thursday's Labor Day holiday, the South Korea stock market had ended the three-day winning streak in which it had climbed more than 40 points or 1.7 percent. The KOSPI now sits just above the 2,555-point plateau although it's expected to bounce higher again on Friday.
RTTNews | 31 minutes ago
New Zealand Building Consents Climb 9.6% In March

New Zealand Building Consents Climb 9.6% In March

The total number of building permits issued in New Zealand was up a seasonally adjusted 9.6 percent on month in March, Statistics New Zealand said on Friday - up sharply from the 0.7 percent increase in February.
RTTNews | 37 minutes ago
Australia Data Due On Friday

Australia Data Due On Friday

Australia will on Friday release Q1 figures for producer prices and March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.
RTTNews | 1h 31min ago
UK Market Ends Slightly Up

UK Market Ends Slightly Up

On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
RTTNews | 6h 33min ago
Canadian Market Retreats After Recovering From Early Drop

Canadian Market Retreats After Recovering From Early Drop

The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside. The mood in the market is quite cautious amid concerns about global economic growth.
RTTNews | 7h 14min ago
U.S. Construction Spending Unexpectedly Falls 0.5% In March

U.S. Construction Spending Unexpectedly Falls 0.5% In March

Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
RTTNews | 8h 58min ago
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