DAX Edges Lower On Weak Data

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DAX Edges Lower On Weak Data

(RTTNews) - German stocks inched lower on Thursday after data showed the country's industrial output unexpectedly fell in October in a further sign of deteriorating environment in the key manufacturing base of Europe's largest economy.

The euro struggled for direction while bond yields rose ahead of the euro zone final third-quarter GDP due later in the day.

The benchmark DAX was down 36 points, or 0.2 percent, at 16,620 after hitting a fresh record high on Wednesday amid expectations that global interest rates have peaked.

As inflation concerns ease, investors are pinning hopes that the Federal Reserve will cut interest rates as early as the first quarter next year.

Traders are also betting that the European Central Bank will lead the way among big central banks in cutting interest rates next year.

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Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, adding to the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 9,000 mark, with weakness in financial and technology stocks as well as a mixed performance across other sectors.
RTTNews | il y a 13 minutes
Taiwan Shares May Run Out Of Steam On Tuesday

Taiwan Shares May Run Out Of Steam On Tuesday

Ahead of Monday's holiday for the Mid-Autumn Festival, the Taiwan stock market had moved higher in four consecutive sessions, rallying more than 1,180 points or 4.7 percent along the way. The Taiwan Stock Exchange now sits just above the 26,760-point plateau although the rally may stall on Tuesday.
RTTNews | il y a 26 minutes
Singapore Shares Due For Consolidation On Tuesday

Singapore Shares Due For Consolidation On Tuesday

The Singapore stock market has moved higher in six straight sessions, adding almost 155 points or 3.6 percent along the way. The Straits Times Index now sits just above the 4,420-point plateau although investors may lock in gains on Tuesday.
RTTNews | il y a 56 minutes
Japan Household Spending Climbs 0.6% On Month In August

Japan Household Spending Climbs 0.6% On Month In August

The average of household spending in Japan was up a seasonally adjusted 0.6 percent on month in August, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 313,977 yen.
RTTNews | il y a 1h 24min
Little Movement Seen For Malaysia Stock Market

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market ticked lower again on Monday, one session after ending the five-day winning streak in which it had rallied more than 35 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,640-point plateau and it's likely to remain in that neighborhood again on Tuesday.
RTTNews | il y a 1h 26min
Japan Bourse Likely To See Downward Correction

Japan Bourse Likely To See Downward Correction

The Japanese stock market has moved higher in back-to-back sessions, accelerating more than 3,375 points or 7.5 percent along the way to a record closing high. The Nikkei 225 now sits just beneath the 47,950-point plateau although it may hand back some of those gains on Tuesday.
RTTNews | il y a 1h 56min
Japan Household Spending Data Due On Tuesday

Japan Household Spending Data Due On Tuesday

Japan will on Tuesday see August numbers for household spending, highlighting a light day for Asia-Pacific economic activity. Spending is expected to rise 0.1 percent on month and 1.4 percent on year after climbing 1.7 percent on month and 1.4 percent on year in July.
RTTNews | il y a 2h 56min