DAX Rallies On Inflation Data

RTTNews | hace 1007
DAX Rallies On Inflation Data

(RTTNews) - German stocks rallied on Thursday after preliminary data showed German inflation rose by a less than anticipated 8.7 percent year-on-year in January, helping ease pressure on the European Central Bank to keep raising rates.

Destatis was initially scheduled to release its January data last week but delayed the publication over an "unexpected technical problem".

The benchmark DAX was up 199 points, or 1.3 percent, at 15,611 after climbing 0.6 percent in the previous session.

Nordex Group gained nearly 2 percent. The wind turbine maker has bagged an order from Enefit Green, one of the leading producers of renewable energy in the Baltic region for 255 MW for a wind farm in Estonia.

Delivery Hero plunged more than 8 percent. The food-delivery firm reported slightly lower-than-expected gross merchandise value (GMV) for 2022.

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Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

The Malaysia stock market on Wednesday ended the three-day winning streak in which it had risen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,630-point plateau although it figures to bounce higher again on Thursday.
RTTNews | hace 1h 16min
Additional Support Predicted For Japan Stock Market

Additional Support Predicted For Japan Stock Market

The Japan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,840-point plateau and it may tick higher again on Thursday.
RTTNews | hace 1h 31min
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in three straight sessions, advancing almost 200 points or 5 percent in that span. The KOSPI sits just above the 4,150-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | hace 1h 46min
TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

Canada's S&P/TSX Composite Index surged to a new record high on Wednesday with stocks from materials, financials, consumer staples and industrials sectors turning in a strong performance. The mood in the market is quite bullish amid hopes the government shutdown in the U.S. will come to end soon.
RTTNews | hace 5h 49min
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Wednesday, tracking positive cues from other markets in Europe, amid rising prospects of an end to the U.S. government shutdown this week, and hopes about an interest rate cut by the Federal Reserve next month.
RTTNews | hace 6h 11min
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
RTTNews | hace 6h 25min
Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
RTTNews | hace 10h 47min