27.05.2024 10:55:57 - dpa-AFX: DAX Edges Higher In Cautious Trade

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were seeing modest gains
in cautious trade on Monday as investors awaited the release of key U.S. and
European inflation readings this week for additional clues on the rate outlook.

Meanwhile, German business sentiment remained unchanged in May, survey results
from the ifo Institute showed.

The business climate index posted 89.3 in May, unchanged from April. The score
was forecast to improve to 90.3 in May. The score for April was revised down
from 89.4.

Companies' assessment of current situation deteriorated in May, while their
expectations improved from April.

The current situation index dropped to 88.3 and remained below forecast of 89.9.
Meanwhile, the expectations index rose to 90.4 compared to the expected reading
of 90.5.

The benchmark DAX was up 28 points, or 0.2 percent, at 18,721 after finishing
marginally higher on Friday.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.571,57 17.06.24 18:05:02 +68,30 +0,91% - - 7.539,03 7.503,27
FTSE 100 969378 Financial Times SE 8.142,15 17.06.24 17:35:29 -4,71 -0,06% - - 8.146,86 -
DAX ® 846900 Xetra 18.068,21 17.06.24 17:50:00 +66,19 +0,37% - - 18.008,23 18.002,02
E-STOXX 50 ® 965814 STOXX Ltd. 4.880,42 17.06.24 17:50:00 +41,28 +0,85% 0,000 - 4.858,68 4.839,14

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