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DAX Edges Higher Led By Banks
(RTTNews) - German stocks were seeing modest gains on Wednesday ahead of Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.
The benchmark DAX was up 29 points, or 0.2 percent, at 16,140 after declining 0.6 percent in the previous session.
Banks traded higher as German two-year government bond yields surged to their highest level since March 10 after the release of stronger than expected U.K. inflation data. Commerzbank gained 1.2 percent and Deutsche Bank rallied 1.7 percent.
Deutsche Lufthansa added 1.5 percent. The airline has signed a deal with Swedish lender, SEB Kort Bank AB, to sell its travel payment solutions business Lufthansa AirPlus Servicekarten GmbH, for around 450 million euros.
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Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
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vor 54 Minuten
Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.
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vor 58 Minuten
Mild Upside Seen For Thai Stock Market
The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
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vor 2Std 25 Minuten
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
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vor 2Std 43 Minuten
Indonesia Shares May Reverse Tuesday's Losses
The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday.
The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
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vor 2Std 55 Minuten
Australian Market Modestly Higher
Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
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vor 3Std 1 Minuten
Hong Kong Shares Expected To Open To The Upside
The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
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vor 3Std 10 Minuten
Higher Open Called For China Stock Market
The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
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vor 3Std 25 Minuten
