DAX Up Firmly In Positive Territory

RTTNews | 5 days ago
Stocktwits
DAX Up Firmly In Positive Territory

(RTTNews) - German stocks are up in positive territory on Friday, extending gains to a fourth straight session amid hopes the tensions between the U.S. and China may de-escalate with on reports China will likely remove its 125% tariff on some U.S. imports.

A somewhat softer tone of the U.S. President Donald Trump toward China has also helped ease concerns about a trade war.

Amid a lack of fresh economic data, investors are largely tracking quarterly earnings updates for direction.

The benchmark DAX was up 175.44 points or 0.79% at 22,244.81 a little while ago.

MTU Aero Engines is rising 4.3%. Heidelberg Materials is up 2.5%, while Siemens, Fresenius Medical Care, Daimler Truck Holding, Mercedes-Benz, BMW, Siemens Energy, Deutsche Bank, Rheinmetall, Siemens Healthineers, Infineon and Volkswagen are gaining 1 to 2%.

Zalando is down by about 2.8%. Deutsche Telekmom is down 2.3%, while Commerzbank, E.On. and Beiersdorf are declining 0.8 to 1.1%.

Stocktwits
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DAX Extending Gains To 7th Session

DAX Extending Gains To 7th Session

German stocks are up on Wednesday, rising for a seventh straight session, amid easing trade tensions, and on fairly encouraging quarterly results from big name companies. Investors are also digesting a slew of economic data.
RTTNews | 20 minutes ago
German Economy Recovers On Spending, Investment

German Economy Recovers On Spending, Investment

The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday. Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter. The rate also matched economists' expectations. The calendar-adjusted GDP posted an annual fall of 0.2 percent.
RTTNews | 1h 48min ago
UK House Prices Fall More Than Expected

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UK house price declined more than expected in April following the end of stamp duty holidays, data from the Nationwide Building Society showed Wednesday. House prices logged a monthly drop of 0.6 percent after remaining flat in March. The decline was worse than economists' forecast of 0.1 percent. On a yearly basis, house price growth eased to 3.4 percent from 3.9 percent in the previous month.
RTTNews | 2h 46min ago
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