DAX, CAC up premarket with services data ahead - Breaking The News

DAX, CAC up premarket with services data ahead

3 June

1 min read

EPA-EFE/ARMANDO BABANI

Stock exchanges in Europe were in the green in the premarket on Friday as investors prepared for services sector data from Germany and the Eurozone as well as trade balance figures from Germany. Furthermore, the retail sales report for the euro area is also coming up before noon local time.

The DAX rose by 0.82% and the CAC 40 was up 0.68% at 6:56 am CET. The London Stock Exchange remained closed due to a public holiday.

Both the euro and the British pound were flat compared to the United States dollar, changing hands for 1.07488 and 1.25713, respectively, at 07:09 am CET.

european markets

Related Stocks

GBP/USD

baha france

baha germany

EUR/USD

baha uk

Italy's trade surplus at €4.5 billion in February

12 hours ago

Italy's trade surplus stood at €4.5 billion in February, up from a deficit of €264 million registered in January, the country's National Institute of Statistics (Istat) revealed in a report on Friday.Month on month, exports jumped 3.5%, while imports increased 1.7%. Exports to the European Union countries were up by 3.7%, and to the non-EU countries by 3.2%. Meanwhile, imports from the EU and non-EU countries grew 2.4% and 0.8%, respectively.There was a trade...

Baker Hughes: US oil rig count up by one to 481

17 April

The number of oil rigs in the United States reached 481 in the week ending April 17, rising by one from the previous week, according to the Baker Hughes weekly rig count released on Thursday. The rig count fell by 30 on an annual basis.The country's gas rig count increased by one to 98 in the reported week, dropping by eight from the same period in the previous year. The total number of rigs in the US stood at 585, down by two from the previous week and by...

IMF urges central bank independence amid inflation risks

17 April

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed the importance of preserving central bank independence to tackle persistent inflation. Speaking Thursday in her address 'Outlook for the Global Economy and Policy Priorities,' she warned that "to protect price stability, monetary policy must remain agile and credible, supported by a strong commitment to central bank independence."Georgieva announced that next week's...

EIA: US natural gas inventories up by 16 Bcf

17 April

Working gas storage across the United States observed a weekly rise of 16 billion cubic feet (Bcf) to reach 1,846 Bcf in the week ending April 11, the Energy Information Administration (EIA) revealed in its report published on Thursday.The stocks declined by 480 Bcf compared to the same period a year ago and remained 74 Bcf below the five-year average of 1,920 Bcf. Total working gas was within the five-year historical range.

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.