DAX Gains Ahead Of US Inflation Data

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DAX Gains Ahead Of US Inflation Data

(RTTNews) - German stocks traded higher on Thursday, with the latest batch of corporate earnings and upcoming U.S. inflation data in focus.

The benchmark DAX was up 0.6 percent at 15,951 after gaining half a percent the previous day.

Engineering group Siemens plunged 5.4 percent after missing profit forecasts in its latest quarter.

Industrial conglomerate Thyssenkrupp rallied 3.9 percent after saying it was now targeting the upper end of its operating profit outlook range in 2023.

Insurer Allianz climbed 3.3 percent after it posted a better-than-expected 18 percent rise in second-quarter net profit.

Hapag Lloyd fell nearly 3 percent. The container shipper posted a 67 percent fall in first-half profit.

Biopharmaceutical group MorphoSys dropped 1 percent after it revealed a loss for the second quarter.

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Australia Wage Price Index Climbs 0.8% In Q3

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The Taiwan stock market turned lower again on Tuesday, one day after snapping the two-day slide in which it had given up almost 550 points or 2 percent. The Taiwan Stock Exchange now sits just above the 26,750-point plateau and it figures to open in the red again on Wednesday.
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The Singapore stock market has finished lower in three straight sessions, shedding more than 70 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,500-point plateau and it's expected to open under pressure again on Wednesday.
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Malaysia Bourse May Give Up Support At 1.600 Points

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