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DAX Edges Higher In Cautious Trade
(RTTNews) - German stocks edged up slightly on Monday after a brutal sell-off last week on concerns over rising inflation and slowing global growth.
German producer price inflation rose to a fresh record high in May, driven by energy prices, data from Destatis showed earlier today.
Producer prices logged a double-digit growth of 33.6 percent year-on-year in May, following April's 33.5 percent increase. The rate was forecast to grow again by 33.5 percent.
On a monthly basis, producer prices gained 1.6 percent after rising 2.8 percent in April. Economists had forecast prices to climb 1.5 percent.
The benchmark DAX rose 47 points, or 0.4 percent, to 13,173 after rising 0.7 percent on Friday.
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Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the losses in the previous session, despite he broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 41,200 level, with weakness across most sectors led by financial and technology stocks.
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Před 1 h 6 min
Indonesia Bourse May Extend Winning Streak
The Indonesia stock market has moved higher in three straight sessions, advancing more than 190 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,540-point plateau and it may open to the upside again on Monday.
RTTNews
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Před 1 h 8 min
Higher Open Predicted For Hong Kong Shares
The Hong Kong stock market on Friday ended the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just beneath the 25,390-point plateau although it's likely to open in the green again on Monday.
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Před 1 h 23 min
Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,700.00 level, with gains in gold miners, financial stocks and technology stocks partially offset by weakness in iron ore miners.
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Před 1 h 29 min
China Stock Market May See Renewed Support On Monday
The China stock market on Friday halted the six-day winning streak in which it had advanced more than 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,600-point plateau although it's likely to move back to the upside again on Monday.
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Před 1 h 38 min
Taiwan Stock Market My Erase Friday's Losses
The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,360-point plateau although it's likely to bounce higher again on Monday.
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Před 2 h 8 min
Renewed Support Predicted For Singapore Stock Market
The Singapore stock market on Friday finally halted the winning streak that had reached 14 sessions and 250 points or 6.2 percent. The Straits Times Index now rests just above the 4,260-point plateau although it's tipped to open in the green again on Monday.
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Před 2 h 38 min
Malaysia Shares Tipped To Open In The Green
The Malaysia stock market on Friday ended the two-day winning streak in which it had gathered more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,530-point plateau although it's expected to move back to the upside again on Monday.
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Před 3 h 8 min
