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DAX Rebounds As Auto And Travel Stocks Surge

RTTNews | 1445 days ago

DAX Rebounds As Auto And Travel Stocks Surge

(RTTNews) - German stocks rose notably on Tuesday as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.

Euro zone government bond yields rose to new multi-year highs, with German 10-year bond yields hovering near 11-year highs as investors awaited comments from four members of the European Central Bank Governing Council later in the day.

The benchmark DAX was up 113 points, or 0.9 percent, at 12,341 after losing half a percent the previous day.

Jungheinrich AG shares jumped 3 percent. Hans-Georg Frey has decided to resign as member and also as Chairman of the Supervisory Board with effect from the end of the Annual General Meeting on 11 May 2023.

Hugo Boss fell 1.7 percent after Deutsche Bank downgraded the stock to 'hold' Automakers BMW and Volkswagen were up over 1 percent.

Travel related stocks were also gaining ground, with Lufthansa adding 1.4 percent and TUI climbing 2 percent.

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IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

Canadian stocks may open with positive bias Friday as oil prices decline following the International Energy Agency's downward revision of global oil demand. Investors seek bargains after six consecutive days of losses. U.S. consumer price data could impact sentiment.

RTTNews | 12 minutes ago

Canadian Dollar Falls As Oil Prices Edge Lower

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.

RTTNews | 28 minutes ago

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.

RTTNews | 59 minutes ago

UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.

RTTNews | 1h 12min ago

French Stocks Rise On Oil Price Drop, Middle East Concerns Persist

French Stocks Rise On Oil Price Drop, Middle East Concerns Persist

French equities recovered Friday with the CAC 40 rising to 8,167.27 points after the IEA lowered its global oil demand forecast. Brent crude futures declined 3.5% to $104.00 a barrel.

RTTNews | 1h 41min ago

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory.

RTTNews | 2h 9min ago

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German stocks moved higher on Friday, recovering from losses posted in the previous two sessions, as oil prices fell sharply following the International Energy Agency (IEA) revising downward its world oil demand forecast for the year.

RTTNews | 2h 24min ago

Gold Edges Higher As Oil Prices Ease After Recent Surge

Gold Edges Higher As Oil Prices Ease After Recent Surge

Gold edged higher on Friday as oil prices slipped from recent highs and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory.

RTTNews | 2h 39min ago

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