DAX Struggles For Direction

RTTNews | Před 982 dny
DAX Struggles For Direction

(RTTNews) - German stocks struggled for direction on Wednesday as investors assessed China's move to ease COVID curbs.

Taking another step towards loosening its pandemic-related restrictions, the Chinese government announced it would start issuing new passports.

The dismantling of anti-virus travel barriers is expected to send an influx of free-spending Chinese tourists to revenue-starved destinations in Asia and Europe for next month's Lunar New Year holiday.

The benchmark DAX was down 15 points, or 0.1 percent, at 13,979 after rising 0.4 percent in the previous session.

Banks traded weak, with Deutsche Bank falling nearly 1 percent. Automakers BMW, Mercedes Benz and Volkswagen all were down around 1 percent.

The dollar index traded largely flat despite a spike in Treasury yields.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
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Japanese Market Significantly Higher

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Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 42,900 level, with gains across most sectors led by index heavyweights, automakers and technology stocks.
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Rebound Anticipated For Thai Stock Market

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The Thai stock market on Thursday snapped the three-day winning streak in which it had jumped almost 24 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to bounce higher again on Friday.
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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains in financial stocks and a mixed performance across most other sectors.
RTTNews | Před 4 h 52 min