^GDAXI - DAX PERFORMANCE-INDEX
| Previous close | 15,853.66 |
| Open | 15,949.04 |
| Volume |
| Day's range | 15,922.61 - 16,044.13 |
| 52-week range | 11,862.84 - 16,331.94 |
| Avg. volume | 80,570,485 |
Yahoo Finance UKFTSE 100 and European stocks higher on US debt deal
London stocks rose in early trade after the US Senate passed a bi-partisan agreement to raise the debt ceiling.
- Investing.com
European stocks rise; French industrial production beat helps sentiment
European stock markets traded higher Friday after the U.S. debt ceiling bill passed through Congress, while the latest French industrial production data impressed. The U.S. Senate late on Thursday passed legislation that suspended the government's $31.4 trillion debt ceiling for two years, a day after the House of Representatives approved the bill. It now heads to the White House to be signed into law by President Joe Biden, just days before a June 5 deadline for a default which would have had severe economic consequences globally, thus ending a key source of anxiety for financial markets over the past month.
Yahoo Finance UKWall Street bounces back amid debt deal as FTSE closes higher
British Land booted off FTSE 100 while Ocado dodges demotion.
- Investing.com
European stocks climb; German retail sales rise less than expected
European stock markets traded higher Thursday, helped by progress in the U.S. debt ceiling bill as well as signs of life in the Chinese manufacturing sector. This private survey contrasted with the weak official government data released earlier this week, and offered hope of a recovery in this major regional growth engine, which also acts as a major export market for many of Europe’s largest companies.
- Investing.com
European stocks lower; Chinese manufacturing data, European inflation in focus
European stock markets traded sharply lower Wednesday after disappointing Chinese manufacturing data weighed on sentiment, with key regional inflation data also in focus. Data released earlier Wednesday showed that the Chinese manufacturing sector shrank in May, retreating for the second straight month. China’s official manufacturing purchasing managers’ index was 48.8 in May, below the expected 51.4 and the prior month’s reading of 49.2.
- Investing.com
European stocks lower; U.S. debt agreement needs to get through Congress
European stock markets edged lower Tuesday, with investors anxious to see how the weekend’s U.S. debt ceiling agreement will proceed through Congress. President Joe Biden and House Majority Leader Kevin McCarthy reached an agreement over the weekend to lift the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programs.
ZacksETFs in Focus as Germany Slips Into Recession
As Germany slips into a recession by contracting 0.3% in Q1, look into how ETFs are affected and how to navigate the uncertain economic conditions.
- Investing.com
European stocks mixed; U.K. retail sales impress, but U.S. debt talks continue
European stock markets traded in a mixed fashion Friday, helped by better-than-expected British retail sales while a deal to raise the U.S. debt ceiling looks set to go to the wire. Data released Thursday showed that retail sales in the U.K. rose 0.5% on the month in April, more than expected, with consumers remaining surprisingly resilient in the face of a cost-of-living squeeze. Sentiment was also boosted by a Reuters report that suggested negotiators appear to be closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years, with just $70 billion separating the groups on a total figure that would be well over $1 trillion.
- Investing.com
Fresenius shares rise; Kabi raises 2023 outlook
Investing.com -- With a price increase of 1.30%, Fresenius shares (ETR:FREG) ranked second in the German benchmark DAX index on Thursday. Positive share price impetus was provided by a capital market day in London centered around its pharmaceuticals and medical technology subsidiary Kabi.
- Investing.com
European stocks fall; Germany enters recession after 1Q GDP falls
European stock markets retreated Thursday after data showed Germany, the region's largest economy, slipped into recession in the first quarter of the year. At 03:15 ET (07:15 GMT), the DAX index in Germany traded 0.2% lower, the FTSE 100 in the U.K. dropped 0.4% and the CAC 40 in France fell 0.3%. This meant that Europe's main growth driver suffered from a winter recession.
Yahoo Finance UKUS stocks and FTSE lower with focus lingering on US debt talks and inflation data
President Biden and House Speaker Kevin McCarthy have still not reached an agreement on how to raise the US government's $31.4 trillion debt ceiling.
Yahoo Finance UKFTSE closes in the green, Wall Street mixed as traders monitor US debt talks
A look at how the major markets are performing on Monday.
- Financial Times
Germany’s Dax stock market powers to record high
Germany’s Dax index rose to a record intraday high on Friday as growing investor confidence in corporate earnings made it Europe’s second-best-performing main equity market this year. The index, a measure of Germany’s 40 biggest listed companies, added 0.9 per cent to more than 16,320, surpassing its previous high of 16,290 set in November 2021. Shares in Adidas and Siemens are up almost a quarter this year as investors have warmed to stronger than expected corporate earnings, enabling the market to shrug off concerns that Europe’s largest economy is on the cusp of recession.
- Investing.com
European stocks rise; Smiths Group earnings, G7 meeting eyed
European stock markets traded higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided. Senior U.S. congressional Republican Kevin McCarthy indicated on Thursday confidence that an agreement to lift the U.S. debt ceiling, and thus preventing the country from defaulting on its obligations, could be achieved in the near future. Friday has been relatively quiet in terms of corporate results, but Smiths Group (LON:SMIN) stock rose 0.8% after the U.K. engineering group lifted its 2023 revenue guidance after reporting strong third-quarter results.
- Investing.com
European stocks surge higher on U.S. debt ceiling optimism; BT Group slumps
European stock markets traded higher Thursday, with investors optimistic of a deal to lift the U.S. debt ceiling while awaiting comments from ECB chief Christine Lagarde. Investors have been buoyed by the apparent determination of President Joe Biden and top U.S. congressional Republican Kevin McCarthy to reach an agreement soon, with Biden cutting short an Asia trip to return to talks on Sunday.
- Investing.com
European stocks retreat on U.S. debt ceiling concerns; Commerzbank slumps
The looming U.S. debt ceiling deadline and the potential for a catastrophic U.S. debt default has created a degree of nervousness throughout global markets. Talks between U.S. President Joe Biden and Republican Kevin McCarthy, the speaker of the House of Representatives, failed to come up with a deal on Tuesday, hitting sentiment in Europe.
- Investing.com
European stocks edge higher; caution remains over global growth concerns
European stock markets traded largely higher Tuesday, with investors digesting global growth concerns, political uncertainty as well as more corporate earnings. The European Commission on Monday lifted its gross domestic product estimate higher for this year, now forecasting 1% growth, up from a previous 0.8% estimate. The preliminary estimate of the euro zone’s first quarter gross domestic product is scheduled to be released later in the session, and is expected to show the region barely grew in the opening three months of the year.
Yahoo Finance UKWall Street loses ground as FTSE 100 closes higher on UK economy growth
FTSE 100 closes the week higher as the UK economy returned to growth.
- Investing.com
European stocks lower; Italian industrial production disappoints
European stock markets edged lower Wednesday on signs of slowing growth ahead of the release of key U.S. inflation data while the earnings season continues. By 04:55 ET, U.S. crude futures traded 1.5% lower at $72.59 a barrel, while the Brent contract dropped 1.5% to $76.30.
- Investing.com
European stocks lower; Chinese trade data disappoints
European stock markets edged lower Tuesday, as investors digested soft Chinese trade data ahead of the latest U.S. inflation report and the Bank of England’s policy-setting meeting. European equities have benefited from generally positive earnings this quarter to date, with results from the banking sector showing a degree of strength, especially given the ongoing turmoil across the pond.
- Investing.com
European stocks fall; investors cautiously await ECB decision
European stock markets fell Thursday, as investors digested a deluge of quarterly corporate earnings ahead of the European Central Bank’s latest monetary policy decision. The ECB is in focus Thursday, with the central bank widely expected to tighten monetary policy later in the session, lifting interest rates for the seventh time, following Wednesday’s lead by the U.S. Federal Reserve. The Fed delivered an interest rate hike of 25 basis points on Wednesday, bringing the federal funds rate range to 5%-5.25%, the highest level since August 2007, but also signaled it could pause its year-long tightening cycle in June.
- Investing.com
European stocks edge higher; banking sector leads ahead of Fed
European stock markets traded higher Wednesday, as generally positive earnings from the banking sector boosted confidence ahead of the conclusion of the crucial Federal Reserve policy meeting. The quarterly earnings season has given European investors something to digest as they wait for the latest policy news from the Federal Reserve, due later in the session.
- Investing.com
European stocks edge higher; strong HSBC results boost tone
European stock markets largely edged higher Tuesday, helped by positive earnings from banking giant HSBC ahead of the start of the crucial Federal Reserve policy meeting as well as the release of the latest Eurozone inflation data. HSBC (LON:HSBA), Europe’s largest bank by assets, reported a tripling of quarterly profit, as rising interest rates worldwide boosted its income and helped it pay a first quarterly dividend since 2019. In other corporate news, BP (LON:BP) stock fell 3.7% despite the energy giant posting a $5 billion profit in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading.
- Investing.com
European stocks mixed; corporate earnings, growth and inflation data eyed
European stock markets traded in a mixed fashion Friday, as investors digested more corporate earnings as well as crucial regional inflation and growth economic data. By 03:45 ET, U.S. crude futures traded 0.1% higher at $74.80 a barrel, while the Brent contract climbed 0.2% to $78.36.
- Investing.com
European stocks edge lower; Philips shines on proposed litigation deal
European stock markets edged lower Monday, with investors cautious at the start of a week that includes key economic releases as well as earnings from the region’s top lenders and big tech companies on Wall Street. This will be a key test for markets with investors on the lookout to see if strong gains in the tech sector so far this year are justified. Elsewhere, Philips (AS:PHG) stock soared over 10% as investors reacted positively to the Dutch health technology company booking a $630 million provision as part of a planned settlement in the U.S. over the recall of millions of devices that treat sleep apnea, with CEO Roy Jakobs calling this an "important step in addressing the litigation."