DAX Inches Higher As Economy Stagnates In Q2

RTTNews | hace 656
DAX Inches Higher As Economy Stagnates In Q2

(RTTNews) - German stocks edged up slightly on Friday as data showed the German economy stabilized in spring after slight declines in the previous two quarters.

Gross domestic product posted nil growth in the second quarter after a 0.1 percent fall in the first quarter and a 0.4 percent decline in the fourth quarter of 2022 - according to the latest data from Destatis.

With the latest flat growth, the biggest euro area economy ended a short period of recession. The statistical office confirmed the preliminary estimate published on July 28.

On a yearly basis, the price-adjusted GDP dropped 0.6 percent in contrast to the 0.1 percent rise a quarter ago.

Calendar-adjusted GDP fell 0.2 percent, the same rate of decline as reported in the first quarter.

The benchmark DAX was up 34 points, or 0.2 percent, at 15,655 after losing 0.7 percent in the previous session.

Banks Commerzbank and Deutsche Bank were flat to slightly lower as bond yields ticked higher ahead of Fed Chair Jerome Powell's much-anticipated Jackson Hole speech.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

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RTTNews | hace 45 minutos
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

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Rally May Stall For Thai Stock Market

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Japanese Market Notably Lower

Japanese Market Notably Lower

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Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

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RTTNews | hace 2h 26min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | hace 2h 38min
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | hace 2h 41min
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | hace 3h 26min