DAX Climbs Ahead Of Key US Inflation Data
German stocks climbed on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March.
The core Personal Consumption Expenditures (PCE) Price Index, the U.S. Federal Reserve's preferred inflation measure, will be published later today.
The benchmark DAX was up 131 points, or 0.7 percent, at 18,048 after losing 1 percent in the previous session.
In corporate news, Thyssenkrupp soared 10 percent after the conglomerate has agreed to sell a 20 percent stake in its steel business to EP Corporate Group (EPCG).
Medigene AG, a biotechnology company, fell 2.5 percent despite posting higher revenue in the first quarter and reaffirming its annual revenue guidance.
Market Analysis
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.