DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

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DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

(RTTNews) - German stocks fell on Wednesday amid worries that persistently high inflation and aggressive monetary policy tightening by major central banks will dent global economic growth.

Data released overnight shoed that U.S. monthly consumer price inflation increased at an annual pace of 8.3 percent in August, more than economists' median estimate of 8.1 percent.

The report dashed hopes for a peak in inflation and brought talks of a 100-bps lit-off back on the table.

The benchmark DAX was down 45 points, or 0.3 percent, at 13,144 after losing 1.6 percent the previous day.

Uniper lost nearly 5 percent. The German government may increase its stake in the company above 50 percent and is open to taking the historic step of fully nationalizing the country's biggest gas importer if necessary to prevent a collapse of the energy system, Bloomberg News reported.

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Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday after opening in the red, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining and financial stocks.
RTTNews | il y a 23 minutes
China Shares May Extend Winning Streak

China Shares May Extend Winning Streak

The China stock market has finished higher in three straight sessions, gathering more than 70 points or 2.2 percent along the way. The Shanghai Composite Index now rests just above the 3,350-point plateau and it's expected to open to the upside again on Friday.
RTTNews | il y a 25 minutes
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market turned lower again on Thursday, one day after snapping the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just shy of the 20,550-point plateau, although it's likely to rebound again on Friday.
RTTNews | il y a 55 minutes
Renewed Support Anticipated For Singapore Stock Market

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
RTTNews | il y a 1h 25min
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.
RTTNews | il y a 1h 55min
Japan Bourse May Extend Thursday's Gains

Japan Bourse May Extend Thursday's Gains

The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.
RTTNews | il y a 2h 10min