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DAX Rises On US Rate Cut Optimism

RTTNews | 17 days ago

DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

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Bay Street Likely To Open Higher As Commodities Advance

Bay Street Likely To Open Higher As Commodities Advance

Canadian shares may open higher Monday morning as energy and materials stocks are likely to find support on firm commodity prices. However, with the U.S. markets closed today for Memorial Day, activity on Bay Street is likely to remain a bit lackluster.

RTTNews | 4h 28min ago

German Ifo Business Sentiment Steadies In May

German Ifo Business Sentiment Steadies In May

German business confidence stagnated in May as the deterioration in the current assessment was offset by the improvement in expectations, survey results from the ifo Institute showed on Monday. The business climate index registered 89.3 in May, unchanged from April. The score was forecast to improve to 90.3 from April's initially estimated value of 89.4.

RTTNews | 4h 31min ago

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Indian shares ended a volatile session little changed on Monday as investors looked ahead to the exit poll and the general election results for direction.

RTTNews | 6h 29min ago

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European stocks were seeing marginal gains on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 7h 36min ago

CAC 40 Gains Ahead Of Key Inflation Data

CAC 40 Gains Ahead Of Key Inflation Data

French stocks traded slightly higher on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 7h 48min ago

DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks were seeing modest gains in cautious trade on Monday as investors awaited the release of key U.S. and European inflation readings this week for additional clues on the rate outlook.

RTTNews | 7h 57min ago

NZ Dollar Advances Against Most Majors

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the European session on Monday.

RTTNews | 8h 6min ago

Asian Shares End Higher Ahead Of Key Inflation Readings

Asian Shares End Higher Ahead Of Key Inflation Readings

Asian stocks advanced on Monday while the dollar held firm as investors awaited U.S., European, Japanese and Australian inflation readings this week for clarity on the global interest rate outlook.

RTTNews | 8h 7min ago

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