Europe Open: DAX Eyes New All-Time Highs as Improving Risk Appetite Gains Traction

From Investing.com: 2025-05-02 05:24:00

Asian stocks hit a one-month high and US stock futures rose as China reviews trade talks with the US, sparking hope for eased tariff tensions. Japanese stocks gained 1.1% and US stocks extended their winning streak to eight days. However, focus shifted to US jobs data after Apple and Amazon reported weaker-than-expected earnings. European shares surged with Shell gaining 2.3% and Standard Chartered reporting a 10% profit increase. Airbus jumped 3.6% and currency movements saw the Euro gain 0.1% against the dollar. Gold prices found support at the 20-day MA and Euro Area PMI data came in better than expected. The DAX breached key resistance levels, continuing its advance.



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