DAX Up Nearly 1.5% As Stocks Rise On U.S.-Iran Peace Deal Hopes

RTTNews | 116 days ago
DAX Up Nearly 1.5% As Stocks Rise On U.S.-Iran Peace Deal Hopes

(RTTNews) - German stocks moved higher on Tuesday, extending gains from previous session, amid some hopes about a potential peace deal between U.S. and Iran.

Hopes about a deal between the two warning nations emerged after U.S. President Donald Trump announced a temporary pause in strike against Iran, aiming to end the conflict. Trump said there was a "very good chance" the United States could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon.

However, the President threatened that a major offensive will take place if no acceptable agreement is reached soon.

The benchmark DAX, which climbed to 24,663.69 earlier, was up 355.05 points or 1.46% at 24,602.63 nearly half an hour before noon.

SAP surged nearly 6%. Rheinmetall climbed 5.1%, while Scout24 and Qiagen moved up 2.75% and 2.7%, respectively. Bayer gained about 2.1%.

Vonovia, MTU Aero Engines, Deutsche Boerse, Merck, E.ON, Hannover RE, Commerzbank, Zalando, Deutsche Telekom, Siemens Healthineers, Siemens Energy and Gea Group gained 1%-1.7%.

Infineon Technologies drifted down more than 2% on profit taking after recent gains. Continental dropped 1.5%, while Mercedes-Benz, Daimler Truck Holding and BASF eased by 0.5%-0.7%.

read more
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 19h 17min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 19h 51min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 20h 14min ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 23h 35min ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 23h 44min ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 1 day ago