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DAX Slips On Hawkish Fed
(RTTNews) - German stocks traded lower on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank might raise rates again if deemed appropriate.
A jump in U.S. bond yields following a weak Treasury auction also dented rate cut hopes. The benchmark DAX was down 70 points, or half a percent, at 15,282 after rising 0.8 percent in the previous session.
IT company Bechtle plunged 5.6 percent despite reporting higher earnings and revenue for the third quarter.
Insurer Allianz jumped more than 3 percent after confirming its 2023 operating profit target.
United Internet AG shares rose about 1 percent. The telecom firm has revised up its EBITDA outlook for the full year while reiterating sales guidance.
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Asian Markets Trade Mixed
Asian markets are mixed on Thursday, following the positive cues from Wall Street overnight, amid optimism about the outlook for rates after the minutes of the US Fed's September fiscal policy meeting revealed participants were of the opinion that it would be appropriate to ease policy further over the remainder of this year, although some noted financial conditions warrant a cautious approach.
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Před 1 h 5 min
Sensex, Nifty Seen Tad Higher With Earnings In Focus
Indian shares are likely to open a tad higher on Thursday as investors brace for the September-quarter earnings season, with TCS, India's largest IT services company, scheduled to report results after the market close later today. Tata Elxsi and GM Breweries are also due to report their quarterly earnings results.
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Před 1 h 31 min
Thai Shares Likely To Remain Rangebound
The Thai stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it may tick higher again on Thursday.
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Před 2 h 8 min
Rebound Called For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the four-day winning streak in which it had rallied almost 130 points or 1.6 percent. The Jakarta Composite Index sits just beneath the 8,170-point plateau although it's expected to open to the upside on Thursday.
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Před 2 h 38 min
Japanese Market Sharply Higher
The Japanese market is sharply higher on Thursday, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The Nikkei 225 is moving above the 48,400 level, with gains in index heavyweights and a mixed performance across other sectors. Automaker stocks were weak.
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Před 2 h 44 min
Hong Kong Shares Tipped To Open In The Green
The Hong Kong stock market had moved lower in three straight sessions, shedding more than 450 points or 1.6 percent along the way. The Hang Seng Index now sits just beneath the 26,830-point plateau although it's expected to halt its slide on Thursday.
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Před 2 h 53 min
Australian Market Modestly Higher
The Australian market is trading modestly higher on Thursday, snapping a three-session losing streak, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,950 level, with gains across most sectors led by iron ore miners, Energy and technology stocks partially offset by weakness in gold miners and financial stocks.
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Před 3 h 5 min
China Shares Tipped To Return To The Upside
Ahead of the long break for the National Day holiday, the China stock market had ticked higher in two straight sessions, gathering more than 50 points or 1.3 percent along the way. The Shanghai Composite Index now rests just above the 3,880-point plateau and it may see additional support on Thursday.
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Před 3 h 8 min
