DAX Edges Higher Despite Weak China Data
(RTTNews) - German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
Closer home, the German ZEW economic sentiment survey results for May and Eurozone GDP data are awaited later in the day.
The benchmark DAX was up 23 points, or 0.2 percent, at 15,946 after edging up marginally in the previous session.
Automakers slipped, with Daimler, Mercedes Benz and Volkswagen all falling around 1 percent on China recovery concerns.
Infineon rallied 2.3 percent after the semiconductor company bought Stockholm-based startup Imagimob AB for an undisclosed sum.
Hornbach Holding plunged 8.5 percent after saying it expects sales to remain more or less flat in 2023/24.
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Yen Falls Following BoJ Rate Decision
The Japanese yen weakened against other major currencies in the Asian session on Friday, following the Bank of Japan (BoJ) interest rate decision.
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33 minutes ago
European Shares Poised For Cautious Start
European stocks are seen opening flat to slightly lower on Friday as inflation concerns persist and the United States has approved the potential sale of 48 F-35 Lightning II Joint Strike Fighters to Saudi Arabia, marking a significant policy shift from the U.S.
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1h 7min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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1h 8min ago
Indian Shares Edge Up In Cautious Trade; IT Stocks Buck Trend
Indian shares were modestly higher in early trade on Friday as oil prices and bond yields retreated amid optimism surrounding Saudi Arabia's efforts to reroute crude exports through Oman and restore the East-West pipeline.
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2h 11min ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.
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3h 32min ago
Asian Markets Track Wall Street Higher
Asian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, as a pullback in oil prices and bond yields helped ease global inflation worries and the outlook for interest rates. Market sentiment improved after US President Donald Trump stated that Washington is "hopefully toward the end" of fighting with Iran and that he has spoken "directly" with Iran.
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3h 35min ago
Indian Shares Set To Follow Global Peers Higher As Inflation Concerns Ease
Indian shares are seen opening higher on Friday, tracking gains in global markets as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns.
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4h 10min ago
Higher Open Called For Thai Stock Market
The Thai stock market on Thursday halted the six-day losing streak in which it had surrendered more than 55 points or 3.7 percent. The Stock Exchange of Thailand now sits just above the 1,580-point plateau and it's expected to open in the green again on Friday.
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4h 51min ago
