2022-11-25 08:57:26

DAX Little Changed As Euro Maintains Gains

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RTTNews
By Rtt News Staff Writer

German stocks were subdued on Friday due to the Thanksgiving holiday in the United States. The U.S. markets will close early as trading resumes later in the day.

Underlying sentiment remained supported somewhat after official data showed Germany's economy expanded more than initially estimated in the third quarter, despite weaker global growth, delivery bottlenecks and rising inflation.

GDP grew 0.4 percent sequentially in the third quarter, faster than the 0.1 percent rise in the second quarter. The rate was revised up from 0.3 percent estimated on October 28.

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