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DAX Modestly Higher In Cautious Trade

RTTNews | hace 553

DAX Modestly Higher In Cautious Trade

(RTTNews) - German stocks were seeing modest gains on Monday ahead of a busy week packed with earnings, economic data releases and speeches by Federal Reserve officials.

Amid waning optimism over early Fed rate cuts, investors will scrutinize the January U.S. inflation data due on Tuesday for more clues on the Fed's rate trajectory.

The benchmark DAX was up 69 points, or 0.4 percent, at 16,995 after declining 0.2 percent on Friday.

In corporate news, Nordex SE shares jumped 6.3 percent.

The wind turbine manufacturer reported that its preliminary consolidated sales for fiscal year 2023 was 6.5 billion euros and exceeded the upper end of the forecast range of 5.6 billion euro to 6.1 billion euro.

The company reported 5.7 billion euros in the previous year.

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Soft Start Expected For Hong Kong Stock Market

Soft Start Expected For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, slumping more than 430 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,175-point plateau and it may continue to sputter on Tuesday.

RTTNews | hace 14 minutos

Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is trading significantly lower on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with weakness in gold miners and energy stocks partially offset by gains in iron ore miners and financial stocks.

RTTNews | hace 17 minutos

China Shares Tipped To Open In The Red

China Shares Tipped To Open In The Red

The China stock market has moved higher in two straight sessions, advancing more than 60 points or 1.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,730-point plateau although it may had back those gains on Tuesday.

RTTNews | hace 29 minutos

Taiwan Stock Market May Spin Its Wheels On Tuesday

Taiwan Stock Market May Spin Its Wheels On Tuesday

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 250 points or 1 percent along the way. The Taiwan Stock Exchange now sits just above the 24,480-point plateau although it may be stuck in neutral on Tuesday.

RTTNews | hace 59 minutos

Losing Streak May Continue For Singapore Shares

Losing Streak May Continue For Singapore Shares

The Singapore stock market has moved lower in three straight sessions, falling more than 80 points or 1.9 percent along the way. The Straits Times Index now sits just above the 4,185-point plateau and it may take further damage again on Tuesday.

RTTNews | hace 1h 29min

Malaysia Bourse May Hand Back Monday's Gains

Malaysia Bourse May Hand Back Monday's Gains

The Malaysia stock market on Monday ended the two-day slide in which it had fallen more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,585-point plateau although it may head south again on Tuesday.

RTTNews | hace 1h 59min

Rally May Stall For Japan Stock Market

Rally May Stall For Japan Stock Market

The Japan stock market has moved higher in two straight sessions, surging more than 1,120 points or 2.8 percent along the way. The Nikkei 225 now sits just above the 43,710-point plateau although it may run out of steam on Tuesday.

RTTNews | hace 2h 14min

KOSPI May Extend Monday's Losses

KOSPI May Extend Monday's Losses

The South Korea stock market on Monday ended the two-day winning streak in which it had climbed more than 35 points or 1.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may tick lower again on Tuesday.

RTTNews | hace 2h 29min

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