DAX Rises On Strong Exports Data

RTTNews | 1291 days ago
DAX Rises On Strong Exports Data

(RTTNews) - German stocks advanced on Friday as U.S. rate hike worries eased and data showed German exports rose by more than expected in January on robust U.S. and U.K. demand.

Exports rose 2.1 percent while imports fell by 3.4 percent versus December.

The benchmark DAX was up 104 points, or 0.7 percent, at 15,432 after gaining 0.2 percent the previous day.

Q.beyond shares jumped 3 percent. The cloud and ICT provider announced preliminary results for 2022, reporting 11 percent increase in revenues to 173.0 million euros.

Airline Lufthansa soared 5.5 percent after it swung to a full-year operating profit and flagged further gains in 2023.

Schaeffler edged down slightly after announcing the acquisition of 100 percent of the shares in ECO-Adapt SAS.

read more
Bay Street Likely To Open Weak; Inflation Data In Focus

Bay Street Likely To Open Weak; Inflation Data In Focus

Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively. Energy stocks may find support as oil prices are up sharply on supply concerns.
RTTNews | 1h 1min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
RTTNews | 1h 33min ago
FTSE Climbs Higher On Pharma, Energy Strength

FTSE Climbs Higher On Pharma, Energy Strength

London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
RTTNews | 1h 46min ago
CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

The CAC 40 fell 52.79 points to 8,126.98 Monday, pressured by surging crude prices and warnings of large-scale AI-driven cyberattacks in the tech sector. Geopolitical tensions and central bank meeting caution also contributed.
RTTNews | 2h 15min ago
U.S. Dollar Rises Amid Fed Rate Hike Signals

U.S. Dollar Rises Amid Fed Rate Hike Signals

The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as the Federal Reserve (Fed) is making aggressive rate-hike bets for Wednesday's decision, following higher U.S. inflation figures.
RTTNews | 5h 13min ago
European Markets Seen Ushering In New Week On A Weak Note

European Markets Seen Ushering In New Week On A Weak Note

A weak sentiment is expected to prevail in stock markets across Europe at the onset of the new week which would witness interest rate decisions by the Federal Reserve, Bank of England as well as Bank of Japan. Market mood is expected to be impacted by the rate hike expectations from the Federal Reserve as well as Bank of Japan.
RTTNews | 6h 42min ago