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DAX Edges Higher Ahead Of Eurozone GDP Data
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(RTTNews) - German stocks edged up slightly on Tuesday as investors digested solid earnings and looked forward to U.S. CPI data, Eurozone GDP figures and Fed speeches for direction. The benchmark DAX was up 21 points, or 0.1 percent, at 15,365 after gaining 0.7 percent in the previous session.
The German 10-year Bund yield declined by 1 basis point to 2.711 percent from 2.721 percent.
In corporate news, Delivery Hero shares jumped 3 percent after the online takeaway food company raised its full-year outlook.
Wind turbine manufacturer Nordex added about 1 percent after narrowing its loss in the first nine-months of 2023.
RWE rallied 2.5 percent as the utility posted an 82 percent increase in core profit for the first nine months.
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Japanese Market Sharply Lower
The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 43,000 mark, with weakness in index heavyweights and technology stocks partially offset by gains in automakers and financial stocks.
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Indonesia Stock Market Tipped To Open Under Water
The Indonesia stock market has moved lower in consecutive trading days, falling almost 70 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 7,860-point plateau and it's likely to remain stuck in neutral again on Wednesday.
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Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,900 level, following the mixed cues from Wall Street overnight, with weakness in mining, energy and technology stocks partially offset by gains in financial stocks.
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Soft Start Expected For Hong Kong Stock Market
The Hong Kong stock market has moved lower in four straight sessions, slumping more than 480 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 25,120-point plateau and it may continue to sputter on Wednesday.
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China Shares May Test Support At 3,700 Points On Wednesday
The China stock market on Tuesday snapped the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,730-point plateau and it's likely to open under water again on Wednesday.
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Lower Open Called For Taiwan Stock Market
The Taiwan stock market on Tuesday ended the two-day winning streak in which it had picked up almost 250 points or 1 percent. The Taiwan Stock Exchange now sits just above the 24,350-point plateau and it may be stuck in neutral in again on Wednesday.
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Japan Has Y117.550 Billion Trade Deficit In July
Japan posted a merchandise trade deficit of 117.550 billion yen in July, the Ministry of Finance said on Wednesday.
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Renewed Consolidation Likely For Singapore Shares
The Singapore stock market on Tuesday ended the three-day slide in which it had dropped more than 80 points or 1.9 percent. The Straits Times Index now sits just above the 4,215-point plateau although it figures to head south again on Wednesday.
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