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DAX drives higher as German business, political prospects brighten

“German stocks managed to push higher even as the euro advanced to a two-month high against the U.S. dollar” writes Markets Reporter for marketwatch.com. That added to its rise on Thursday after an upbeat reading on eurozone services and manufacturing activity and a finding of higher growth in German gross domestic product. Source: marketwatch.com Share This:

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DAX heads for new record, as euro slide helps exporters

“The paint and specialty chemicals company posted a 13% drop in third-quarter earnings, citing industry headwinds and unfavorable foreign-exchange conditions” writes Markets Reporter for marketwatch.com. Germany’s DAX 30 index DAX, +0.73% picked up 0.3% to 13,027.29, on course for a new record closing high.European stocks gained Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando.Pullbacks in those currencies can help lift shares of exporters, as they make most of their earnings overseas.Among big exporters, shares of auto makers…

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European stocks trade mixed as investors absorb Catalonia developments

“European stocks traded mixed on Thursday as investors continued to monitor political developments in Spain where the rift between Madrid and separatists in Catalonia deepened” writes Markets Reporter for marketwatch.com. Spain’s IBEX 35 index IBEX, +0.67%  rose 0.7% to 10,029.20, rebounding after posting its biggest loss in 15 months on Wednesday.France’s CAC 40 index PX1, +0.08%  rose 0.1% to 5,367.11, while the U.K.’s FTSE 100 UKX, +0.19%  added 0.2% to 7,479.50.The Stoxx Europe 600 index SXXP, -0.16%  was down 0.2% at 389.78, weighed by losses for drugmakers. Source: marketwatch.com Share This:

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European stocks seesaw around 10-week high as banks rise, H&M slides

“The index on Wednesday closed up 0.4%, marking a 10-week high and its fifth win in a row, aided by gains for bank stocks” writes Markets Reporter for marketwatch.com. Shares in Swedish apparel retailer H&M slid after a disappointing earnings report, but bank shares extended gains on rate-hike prospects.Bank stocks outperformed the broader market again Thursday, pushing the Stoxx Europe 600 Banks Index FX7, +0.18%  up by 0.8%, as investors priced in the prospect of higher interest rates. Source: marketwatch.com Share This:

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European stocks jump to 10-week high, led by Alstom after Siemens deal

“European stocks moved higher on Wednesday, led by gains for Alstom SA and Siemens AG after the two agreed to merge their rail operations” writes Markets Reporter for marketwatch.com. Alstom-Siemens deal: Helping the pan-European benchmark move higher on Wednesday were shares of Alstom ALO, +5.16% ALSMY, +3.20% , which leapt 4.8%, and Siemens AG SIE, +1.70% SIEGY, -0.54%  , which climbed by 1.8%. Source: marketwatch.com Share This:

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European stocks face worst week in 9 months on U.S.-North Korea tensions

“European stocks were shoved lower Friday, heading for their worst weekly loss in nine months, as the war of words between the U.S. and North Korea prompted investors to back away from assets perceived as risky” writes Markets Reporter for marketwatch.com. The International Energy Agency said in its monthly report that global oil production rose in July, but it also upwardly revised its 2017 forecast for demand growth.Read: Opinion: What to do with stocks if the U.S. and North Korea go to war Oil stocks were feeling the additional weight…

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Markets News Stocks 

The S&P 500 and DAX are parting ways and that could be bad for Wall Street

“While U.S. and German stocks have tended to move in tandem in the past, there has been a disruption recently that could be a sign of trouble for Wall Street” writes Markets Reporter for marketwatch.com. For the first time since mid-2015, the 50-day correlation between the S&P SPX, -0.04%  and DAX 30 DAX, -0.43%  has gone negative, points out MKM Partner’s Jonathan Krinsky, in a note to clients.A negative correlation suggests the underlying currents driving the global markets may have shifted, and investors can no longer simply assume that a…

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European stocks decline, but miners buck losses

“European stocks fell Tuesday, led by declines among telecom, industrial and consumer goods shares” writes Markets Reporter for marketwatch.com. European Central Bank President Mario Draghi early Tuesday defended the bank’s monetary stimulus efforts.But showing slight gains were basic materials shares after Chinese Premier Li Keqiang said government initiatives are driving job growth. Source: marketwatch.com Share This:

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