DAX Edges Higher Despite Weak Consumer Sentiment Data

RTTNews | 657 dias atrás
DAX Edges Higher Despite Weak Consumer Sentiment Data

(RTTNews) - German stocks eked out modest gains on Tuesday, as optimism over fresh policy support from China offset weak German consumer sentiment data.

Consumer sentiment in Germany is set to erode in September as both income and economic expectations of households weakened, survey results from the market research firm GfK showed earlier today.

The forward-looking consumer confidence index fell to -25.5 for September from a revised -24.6 in August. Economists had forecast a reading of -24.3.

"The chances that consumer sentiment can sustainably recover before the end of this year are dwindling more and more," Rolf Burkl, a consumer expert at GfK, said.

The benchmark DAX was up 62 points, or 0.4 percent, at 15,854 after rising 1 percent in the previous session.

In corporate news, drug discovery and development company Evotec AG rose about 1 percent after narrowing its Q2 loss.

read more
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,500 level, with gains in technology and financial stocks partially offset by weakness in exporters and automakers.
RTTNews | 28 minutos atrás
Indonesia Stock Market May Find Traction On Tuesday

Indonesia Stock Market May Find Traction On Tuesday

The Indonesia stock market has moved lower in four straight sessions, surrendering more than 110 points or 1.6 percent in that span. The Jakarta Composite Index now sits just shy of the 7,120-point plateau although it's likely to halt its slide on Tuesday.
RTTNews | 35 minutos atrás
Higher Open Called For Hong Kong Stock Market

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market on Monday snapped the two-day losing streak in which it had given up more than 470 points or 2 percent. The Hang Seng Index now sits just above the 24,060-point plateau and it's got a solid lead again for Tuesday's trade.
RTTNews | 50 minutos atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Tuesday after opening in the red, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying near the 8,550 level, with gains in technology and mining partially offset by weakness in financial and energy stocks.
RTTNews | 52 minutos atrás
Shanghai Stocks May Reclaim 3,400-Point Plateau

Shanghai Stocks May Reclaim 3,400-Point Plateau

The China stock market moved higher again on Monday, one session after ending the two-day winning streak in which it had collected almost 20 points or 0.6 percent. The Shanghai Composite Index now sits just shy of the 3,390-point plateau and it's expected to move to the upside again on Tuesday.
RTTNews | 1h 5min atrás
Taiwan Stock Market May Open In The Green

Taiwan Stock Market May Open In The Green

The Taiwan stock market has moved lower in three straight sessions, surrendering more than 420 points or 1.9 percent along the way. The Taiwan Stock Exchange now sits just shy of the 22,050-point plateau although it's due for support on Tuesday.
RTTNews | 1h 35min atrás
Singapore Bourse May Halt Losing Streak

Singapore Bourse May Halt Losing Streak

The Singapore stock market has finished lower in back-to-back sessions, sinking more than a dozen points or 0.3 percent in that span. The Straits Times Index now sits just shy of the 3,910-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 2h 5min atrás
Malaysia Stock Market May Add To Its Winnings On Tuesday

Malaysia Stock Market May Add To Its Winnings On Tuesday

The Malaysia stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it's tipped to open in the green.
RTTNews | 2h 35min atrás