DAX Slips Into Red On Recession Worries

RTTNews | vor 978 Tagen
DAX Slips Into Red On Recession Worries

(RTTNews) - German stocks declined on Thursday as weak U.S. economic data and hawkish Fed comments reinforced market concerns about an imminent U.S. recession.

The dollar extended its recent sell-off amid falling Treasury yields on concerns that sharply higher interest rates will weigh on the U.S. economy in 2023.

Few Fed officials signaled on Wednesday that they would push on with more interest rate hikes, hurting prices of stocks and bonds.

The benchmark DAX slipped half a percent to 15,105 after finishing marginally lower in the previous session.

Electrical company Encavis plunged 7 percent as Barclays downgraded its rating on the stock to "underweight" from "equal weight".

Looking ahead, the minutes of the European Central Bank's monetary policy meeting is due later in the day.

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Singapore Bourse May Hand Back Tuesday's Gains

Singapore Bourse May Hand Back Tuesday's Gains

The Singapore stock market on Tuesday finally halted the seven-day losing streak in which it had slumped more than 55 points or 1.3 percent. The Straits Times Index now sits just above the 4,300-point plateau although it may head south again on Wednesday.
RTTNews | vor 17 Minuten
Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has ticked higher in two straight sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may run out of steam on Wednesday.
RTTNews | vor 47 Minuten
Renewed Selling Pressure Likely For Japan Stock Market

Renewed Selling Pressure Likely For Japan Stock Market

Ahead of Tuesday's holiday for the Autumnal Equinox, the Japanese stock market had alternated between positive and negative finishes through the previous four trading days, since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,500-point plateau and it's looking at a soft start on Wednesday.
RTTNews | vor 1Std 2 Minuten
KOSPI Due For Profit Taking On Wednesday

KOSPI Due For Profit Taking On Wednesday

The South Korea stock market has finished higher in back-to-back sessions, advancing more than 40 points or 1.1 percent along the way. Now at another fresh record closing high, the KOSPI sits just above the 3,485-point plateau although investors are likely to lock in gains on Wednesday.
RTTNews | vor 1Std 17 Minuten
Consumer Confidence Ebbs In September - BoK

Consumer Confidence Ebbs In September - BoK

Consumer confidence in South Korea dipped in September, the latest survey from the Bank of Korea said on Wednesday with a consumer sentiment index score of 110.1.
RTTNews | vor 1Std 35 Minuten
Japan Manufacturing PMI Data Due On Wednesday

Japan Manufacturing PMI Data Due On Wednesday

Japan will on Wednesday see September results for the manufacturing and services PMIs from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In August, their scores were 49.7 and 53.1, respectively.
RTTNews | vor 2Std 17 Minuten
OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.
RTTNews | vor 3Std 34 Minuten