DAX Edges Higher In Lackluster Trade : vimarsana.com

DAX Edges Higher In Lackluster Trade


DAX Edges Higher In Lackluster Trade
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were flat to slightly higher on Friday after flash survey results from IHS Markit showed the country's private sector activity experienced a slight pick-up in May, driven by an improved performance across services.
The composite output index advanced to 56.2 in May from 55.8 in April, driven by a return to growth in services activity amid easing of some lockdown restrictions. But the reading was below the expected level of 57.1.
Growth in manufacturing moderated, with the corresponding PMI falling to 64.0 in May from 66.2 in the previous month. The services PMI hit a 10-month high of 52.8 versus 49.9 a month ago.

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