German stocks were seeing modest gains in cautious trades on Wednesday ahead of key Eurozone and U.S. economic data due later in the day. The benchmark DAX was up 74 points, or 0.4 percent, at 17,886 after gaining half a percent the previous day. Rheinmetall AG, an automotive and arms manufacturer, rose 1.6 percent after...
French stocks traded higher on Wednesday ahead of euro area flash GDP data and industrial production figures due later in the day. Eurostat is expected to confirm 0.3 percent sequential growth for the second quarter. In June, industrial production is expected to rebound 0.5 percent on month after a 0.6 percent drop posted in May....
U.K. stocks advanced on Wednesday and the British pound weakened against other major currencies after data showed that the U.K. inflation turned softer than anticipated in July. Data from the Office for National Statistics showed that the U.K. consumer price index moved up 2.2 percent in July from a year ago, following Junes 2.0 percent...
European stocks traded higher on Wednesday as investors digested key Eurozone data and looked forward to the release of U.S. CPI data later in the day for additional clues on the interest-rate outlook. The pan European STOXX 600 was up 0.4 percent at 503.62, trading near a two-week high after Eurostat reported that the euro...
The euro area economy posted a steady growth as initially estimated in the second quarter, flash estimate published by Eurostat showed on Wednesday. Gross domestic product climbed 0.3 percent in the three months to June, which was similar to the first quarter growth and matched the estimate published on July 30. Year-on-year, economic growth improved...
Shares of UBS Group AG were gaining around 3 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the Swiss banking major reported Wednesday significant growth in second-quarter underlying profit before tax as revenues were benefited mainly by the consolidation of Credit Suisse revenues for the full...
The Switzerland market ended slightly up on Monday after moving in a tight range above the flat line right through the days session. Investors appeared a bit reluctant to make significant moves while awaiting some crucial economic data including reports on UK and US inflation, and GDP data from several countries. The benchmark SMI ended...
The U.S. dollar turned in a mixed performance on Monday as investors awaited key economic data including reports on U.S. inflation and GDP this week. The Labor Department is scheduled to release reports on producer and consumer price inflation on Tuesday and Wednesday, respectively, with the data likely to impact the outlook for interest rates....
The Canadian market ended on a positive note on Monday as firm oil and metal prices triggered strong buying in energy and materials sectors. The mood in the market remained somewhat cautious with investors awaiting some key U.S. and Canadian economic data for directional cues. The benchmark S&P/TSX Composite Index ended up 87.63 points or...
Adding to the gains in the previous session, the Japanese stock market is sharply higher in post-holiday trading on Tuesday. The Nikkei 225 is surging more than 2.5 percent to above the 35,900 level, following the mixed cues from Wall Street overnight, with strong gains across all the sectors led by index heavyweights and technology...