DAX Declines As Trade Data Disappoints

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Stocktwits
DAX Declines As Trade Data Disappoints

(RTTNews) - German stocks fell on Thursday as worries about the U.S. debt persisted, and new data showed German exports stagnated in June due to weak demand from abroad.

Adding to concerns surrounding growth, a survey showed the German service sector saw a further loss of momentum at the start of the third quarter.

Investors also awaited the Bank of England monetary policy decision as well as earnings from Apple and Amazon later in the day.

The benchmark DAX was down 116 points, or 0.7 percent, at 15,903 after falling around 1.4 percent in the previous session.

Tech shares fell, with Infineon plunging 10 percent after the chipmaker disclosed a 10 percent decline in its quarterly adjusted, or "segment," result compared to the previous quarter.

BMW lost 2.5 percent after the automaker warned of inflation and supply chain issues. Sportswear manufacturer Adidas edged up slightly after lifting its sales outlook.

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Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness across all sectors led by mining and technology stocks.
RTTNews | il y a 1h 1min
Losses May Accelerate For Taiwan Stock Market

Losses May Accelerate For Taiwan Stock Market

The Taiwan stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 27,900-point plateau and it's expected to open to the downside on Friday.
RTTNews | il y a 1h 19min
Singapore Shares May Run Out Of Steam On Friday

Singapore Shares May Run Out Of Steam On Friday

The Singapore stock market has finished higher in three straight sessions, gathering almost 90 points or 2 percent along the way. The Straits Times Index now sits just above the 4,575-point plateau although it may spin its wheels on Friday.
RTTNews | il y a 1h 49min
Malaysia Bourse May Hand Back Thursday's Gains

Malaysia Bourse May Hand Back Thursday's Gains

The Malaysia stock market inched higher again on Thursday, one day after ending 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 head south again on Friday.
RTTNews | il y a 2h 19min
Rally May Stall On Friday For Japan Stock Market

Rally May Stall On Friday For Japan Stock Market

The Japan stock market has finished higher in back-to-back sessions, advancing more than 430 points or 0.8 percent along the way. The Nikkei 225 now rests just above the 51,280-point plateau although it may run out of steam on Friday.
RTTNews | il y a 2h 34min
Profit Taking Expected For KOSPI On Friday

Profit Taking Expected For KOSPI On Friday

The South Korea stock market has tracked higher in four straight sessions, advancing almost 220 points or 5.5 percent in that span. The KOSPI sits just above the 4,170-point plateau although investors figure to cash in on Friday.
RTTNews | il y a 2h 49min
China Data On Tap For Friday

China Data On Tap For Friday

China will on Friday release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are October figures for fixed asset investment, industrial production, retail sales, house prices and unemployment.
RTTNews | il y a 3h 19min
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