DAX Burdened By Hawkish Central Bank Actions

RTTNews | vor 1061 Tagen
DAX Burdened By Hawkish Central Bank Actions

(RTTNews) - The German stock market benchmark DAX extended losses, dropping close to a percent, amidst lingering pain over central banks world-wide hiking interest rates and also hinting at still more increases.

Meanwhile, data from Eurozone's PMI readings for December showed Services sector rising to 49.1 from 48.5 and Manufacturing sector increasing to 47.8 from 47.1.

Readings from the homeland showed Manufacturing PMI rising to 47.4 from 46.2 earlier and Services PMI increasing to 49 from 46.1 in November.

The forty-scrip DAX index is currently trading at 13,868.65, down 0.84 percent on an overnight basis. The day's trading has been within the range of 13,842.83 and 14,011.25.

Only 6 scrips in the 40-scrip index are trading in overnight positive territory. Deutsche Bank and MTU Aero Engines have both gained more than 1 percent.

Sartorius topped with losses of 4.7 percent. Vonovia also lost more than 4 percent. Bayer, Brenntag, Infineon Technologies and Merck have all lost more than 2 percent.

The EUR/USD pair is at 1.0625, a tad lower than the previous close of 1.0626. The Dollar gained, lifting the Dollar Index by 0.06 percent to 104.62.

The ten-year bond yield has increased 5.52 percent to 2.1980%, versus 2.0830% at the previous close.

read more
German Economic Confidence Weakens In November

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.
RTTNews | vor 1Std 50 Minuten
Senex, Nifty End Higher On Fed Rate Cut Hopes

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.
RTTNews | vor 2Std 41 Minuten
Asian Shares End On Mixed Note

Asian Shares End On Mixed Note

Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.
RTTNews | vor 4Std 25 Minuten
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.
RTTNews | vor 6Std 19 Minuten
Sensex, Nifty Modestly Lower In Cautious Trade

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.
RTTNews | vor 8Std 38 Minuten