DAX Struggles For Direction

RTTNews | vor 981 Tagen
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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Singapore Shares May Crack Resistance At 4,300 Points

Singapore Shares May Crack Resistance At 4,300 Points

The Singapore stock market ticked higher again on Thursday, one day after ending the five-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Straits Times Index now sits just shy of the 4,300-point plateau and it may see additional support on Friday.
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Japan Household Spending Jumps 1.7% In July

Japan Household Spending Jumps 1.7% In July

The average of household spending in Japan was up a seasonally adjusted 1.7 percent on month in July, the Ministry of Internal Affairs and Communications said on Friday - coming in at 305,694 yen.
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Japan Bourse May Extend Thursday's Gains

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Win Streak May Continue For South Korea Shares

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Japan Household Spending Data Due On Friday

Japan Household Spending Data Due On Friday

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Canadian Market Looks Headed For Another Positive Close

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.
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Swiss Market Closes On Buoyant Note

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The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.
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