DAX Edges Higher On ECB Rate Cut Hopes
(RTTNews) - German stocks traded higher on Friday amid expectations of interest-rate cuts in the second quarter.
ECB member and Bank of France head Francois Villeroy de Galhau said the central bank should favor gradual rate cuts rather than waiting too long to cut rates this year.
The risk of moving too late exists "at least" as much as that of moving too soon, he said in an interview with Belgian newspaper L'Echo.
The benchmark DAX was up 92 points, or half a percent, at 17,139 after gaining 0.6 percent in the previous session.
Automotive supplier Hella fell over 2 percent despite posting improved full-year portfolio-adjusted sales and operating income.
Volkswagen gained 1 percent after signing a supply agreement with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles (EVs).
Taiwan Stock Market May Tick Higher Again On Friday
Bargain Hunting May Boost Singapore Stock Market
Japan Jobless Rate Climbs To 2.5%
Tokyo Inflation Jumps To 2.7% Annually In September
Malaysia Bourse May See Recovery On Friday
South Korea Consumer Prices Rise 0.3% In September
Steady Start Seen For Japan Stock Market
