DAX Edges Higher On Dovish Fed Commentary

RTTNews | hace 692
DAX Edges Higher On Dovish Fed Commentary

(RTTNews) - German stocks traded higher on Thursday, with dovish comments from Federal Reserve officials and declining bond yields helping underpin sentiment ahead of U.S. CPI data due out later in the day.

The benchmark DAX was up 84 points, or half a percent, at 15,543 after edging up 0.2 percent in the previous session.

Siemens Energy rose about 1 percent after it has agreed to sell its Trench business to investment firm Triton as part of many strategic decisions to sharpen its focus on its core business. The financial terms of the deal were not disclosed.

Wind turbine maker Nordex was down half a percent after reporting a decline in the average selling price per megawatt of output in the third quarter of 2023 due to regional mix effects.

Sugar producer Suedzucker was marginally lower despite lifting its full-year earnings forecast.

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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, as traders remain optimistic that the US Fed will lower interest rates by at least a quarter point later this month after a report showed job openings in the U.S. fell to their lowest level in ten months in July. Asian markets closed mostly lower on Wednesday.
RTTNews | hace 15 minutos
Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Indian shares look set to open higher on Thursday after the Goods and Services Tax (GST) Council approved a new dual-slab structure of 5 percent and 18 percent, and scrapped the existing 12 percent and 28 percent rates, in a landmark move aimed at simplifying India's indirect tax regime.
RTTNews | hace 58 minutos
Thai Shares Tipped To Open In The Green On Thursday

Thai Shares Tipped To Open In The Green On Thursday

The Thai stock market has moved higher in three straight sessions, adding almost 24 points or 2 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,260-point plateau and it's got a positive lead again for Thursday's trade.
RTTNews | hace 1h 27min
Additional Support Predicted For Indonesia Stock Market

Additional Support Predicted For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 140 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 7,885-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | hace 1h 57min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up 500 points to well above the 42,400 level, with gains across all sectors led by index heavyweights and technology stocks.
RTTNews | hace 2h 1min
Hong Kong Shares Poised To End Losing Streak

Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in two straight sessions, sinking more than 270 points or 1.1 percent in that span. The Hang Seng Index now sits just shy of the 25,350-point plateau although it may stop the bleeding on Thursday.
RTTNews | hace 2h 12min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | hace 2h 25min
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market has moved lower in consecutive trading days, dropping more than 60 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,810-point plateau although it may find traction on Thursday.
RTTNews | hace 2h 27min