DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

RTTNews | Před 967 dny
DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

(RTTNews) - German stocks fell on Wednesday amid worries that persistently high inflation and aggressive monetary policy tightening by major central banks will dent global economic growth.

Data released overnight shoed that U.S. monthly consumer price inflation increased at an annual pace of 8.3 percent in August, more than economists' median estimate of 8.1 percent.

The report dashed hopes for a peak in inflation and brought talks of a 100-bps lit-off back on the table.

The benchmark DAX was down 45 points, or 0.3 percent, at 13,144 after losing 1.6 percent the previous day.

Uniper lost nearly 5 percent. The German government may increase its stake in the company above 50 percent and is open to taking the historic step of fully nationalizing the country's biggest gas importer if necessary to prevent a collapse of the energy system, Bloomberg News reported.

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Renewed Support Anticipated For Singapore Stock Market

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
RTTNews | Před 10 minutami
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.
RTTNews | Před 40 minutami
Japan Bourse May Extend Thursday's Gains

Japan Bourse May Extend Thursday's Gains

The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.
RTTNews | Před 55 minutami
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has climbed higher in three straight sessions, collecting more than 20 points or 0.8 percent along the way. The KOSPI now sits just shy of the 2,580-point plateau and it may see additional support on Friday.
RTTNews | Před 1 h 10 min
China Trade Data Due On Friday

China Trade Data Due On Friday

China will on Friday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | Před 2 h 10 min