Hawkish Rhetoric Drags Down DAX

RTTNews | il y a 1054
Hawkish Rhetoric Drags Down DAX

(RTTNews) - The German stock market benchmark DAX dropped more than a percent amidst an unexpected hawkish stance in the Fed's monetary policy guidance. Anxiety ahead of the ECB's interest rate review also dampened sentiment.

The forty-scrip DAX index is currently trading at 14,293.05, down 1.2 percent on an overnight basis. The day's trading has been within the range of 14,261.55 and 14,361.05.

Except for Heidelberg Cement, all the scrips in the 40-scrip index are trading in an overnight negative territory.

Zalando, Siemens Energy, Deutsche Post, adidas and Puma, have all dropped more than 3 percent.

The EUR/USD pair is at 1.0620, shedding 0.58 percent overnight whilst the US Dollar Index gained 0.48 percent to 104.26.

Ahead of the ECB review, the ten-year bond yield has decreased 0.70 percent to 1.9185%, versus 1.9320% at the previous close. The pan-European STOXX 600 is currently trading at 437.30, down 1.2 percent on an overnight basis.

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Singapore Shares May Remain Stuck In Neutral On Tuesday

Singapore Shares May Remain Stuck In Neutral On Tuesday

The Singapore stock market on Monday wrote a finish to the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just beneath the 4,450-point plateau although it may spin its wheels on Tuesday.
RTTNews | il y a 1h 27min
Little Movement Seen For Malaysia Stock Market

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had slipped almost 7 point or 0.5 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | il y a 1h 57min
Rally May Stall For Japan Stock Market

Rally May Stall For Japan Stock Market

Ahead of Monday's holiday for Culture Day, the Japan stock market had jumped higher in three straight sessions, advancing almost 2,200 points or 4 percent in that span. The Nikkei 225 now rests just above the 52,400-point plateau although it may run out of steam on Tuesday.
RTTNews | il y a 2h 4min
KOSPI Due For Profit Taking On Tuesday

KOSPI Due For Profit Taking On Tuesday

The South Korea stock market has tracked higher in four straight sessions, advancing almost 215 points or 5.3 percent in that span. Now at another fresh record closing high, the KOSPI sits just above the 4,220-point plateau although investors may lock in gains on Tuesday.
RTTNews | il y a 2h 6min
Australia Rate Decision On Tap For Tuesday

Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 3.60 percent.
RTTNews | il y a 2h 57min