DAX Sees Modest Gains On China Optimism

RTTNews | il y a 949
DAX Sees Modest Gains On China Optimism

(RTTNews) - German stocks were seeing modest gains on Friday, with optimism about China's reopening and expectations that the Federal Reserve would ease up on interest-rate rises helping underpinning sentiment.

Traders looked to a revival in Chinese demand as hundreds of thousands of people travel home for the Lunar New Year holiday that officially begins on Saturday.

Adding to the optimism, the country said the worst was over in its battle against COVID-19.

Fed tightening fears eased somewhat after several Fed officials hinted at a slower pace of rate hikes going forward.

Investors expect the Fed to downshift to a quarter-percentage point increase when officials meet Jan. 31-Feb. 1.

The benchmark DAX was up73 points, or half a percent, at 14,996 after tumbling 1.7 percent in the previous session.

read more
Sensex, Nifty Deep In The Red On Tariff Worries

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | il y a 2h 31min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | il y a 3h 45min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | il y a 4h 6min
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 5h 17min