DAX Gains As Inflation Concerns Ease

RTTNews | il y a 652
DAX Gains As Inflation Concerns Ease

(RTTNews) - German stocks eked out modest gains on Wednesday as positive data from the U.S. and China helped ease investor concerns surrounding interest rate hikes and slowing economic growth.

Closer home, data published by the federal statistics office revealed that German wholesale prices fell by the most in almost three-and-a-half years in October, adding to recent signs of easing inflationary pressures in Europe's largest economy.

Wholesale prices fell by 4.2 percent in October on an annual basis, marking the sharpest decline in prices since May 2020.

The benchmark DAX was up 66 points, or 0.4 percent, at 15,680 after rallying 1.8 percent in the previous session.

Infineon Technologies rallied 2.7 percent. The semiconductor company proposed higher demand after posting increased earnings for the fourth quarter.

Energy technology company Siemens Energy jumped nearly 7 percent after securing 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government.

read more
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | il y a 11 minutes
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | il y a 40 minutes
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | il y a 1h 46min
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | il y a 2h 3min
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | il y a 2h 16min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | il y a 2h 25min
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | il y a 2h 31min