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DAX Edges Higher Ahead Of Inflation Data
(RTTNews) - German stocks eked out modest gains on Tuesday as nationwide unrest in China over COVID curbs eased and the country said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening the world's second-largest economy.
In economic releases, German inflation data for November and final November consumer confidence data for the euro zone are expected later in the session.
The benchmark DAX was up 41 points, or 0.3 percent, at 14,424 after losing 1.1 percent in the previous session.
Brenntag SE shares rose over 1 percent. The chemicals distributor confirmed a Bloomberg News report that it's mulling the acquisition of U.S. distributor Univar Solutions Inc.
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European Economic News Preview: UK Inflation Data Due
Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Wednesday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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Sensex, Nifty Marginally Higher In Lackluster Trade
Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
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Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
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Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Major currencies in the region have also strengthened against the US dollar. Asian markets closed mostly higher on Tuesday.
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Sensex, Nifty Set For Muted Start
Indian shares look set to open a tad higher on Wednesday, tracking firm cues from other Asian markets.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday after opening in the green, snapping a five-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,500 level, with weakness in index heavyweights and exporters partially offset by gains in automakers and financial stocks.
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