DAX Extends Gains On Economic Optimism

RTTNews | vor 396 Tagen
DAX Extends Gains On Economic Optimism

(RTTNews) - German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next month's upcoming policy meeting.

The benchmark DAX was up half a percent at 18,275 after rallying 1.7 percent the previous day.

Banks and automakers traded higher, with Deutsche Bank, Volkswagen and Mercedes Benz all rising around 1 percent.

The dollar was slightly lower against the euro and pound after the release of upbeat consumer spending and labor market data.

Traders' attention now shifts to the annual Jackson Hole Economic Symposium, which traditionally brings together the heads of the world's leading central banks. This year's event will be held on August 22-24.

read more
Taiwan Shares May Head South Again On Wednesday

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market bounced higher again on Tuesday, one day after ending the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just beneath the 25,630-point plateau although it may hand back those gains on Wednesday.
RTTNews | vor 34 Minuten
Singapore Bourse May Extend Losing Streak

Singapore Bourse May Extend Losing Streak

The Singapore stock market has moved lower in three straight sessions, slumping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 4,340-point plateau and it may take further damage on Wednesday.
RTTNews | vor 1Std 4 Minuten
Malaysia Shares May See Renewed Consolidation

Malaysia Shares May See Renewed Consolidation

Ahead of the long weekend for Malaysia Day, the Malaysia stock market had bounced higher again on Friday, one day after halting the three-day winning streak in which it had collected more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may head south again on Wednesday.
RTTNews | vor 1Std 34 Minuten
Win Streak May End For Japan Stock Market

Win Streak May End For Japan Stock Market

The Japanese stock market has moved higher in four straight sessions, rallying more than 1,430 points or 3.2 percent in that span. The Nikkei 225 now sits just above the 44,900-point plateau although it may run out of steam on Wednesday.
RTTNews | vor 1Std 49 Minuten
KOSPI Overdue For Profit Taking On Wednesday

KOSPI Overdue For Profit Taking On Wednesday

The South Korea stock market has moved higher in 11 straight sessions, surging more than 300 points or 9.6 percent along the way. Now at another fresh record closing high, the KOSPI sits just beneath the 3,450-point plateau although investors figure to lock in gains on Wednesday.
RTTNews | vor 2Std 4 Minuten
Japan Trade Data Due On Wednesday

Japan Trade Data Due On Wednesday

Japan will on Wednesday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | vor 3Std 4 Minuten
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | vor 6Std 35 Minuten