DAX Dips Ahead Of Powell's Speech

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DAX Dips Ahead Of Powell's Speech

(RTTNews) - German stocks were moving lower on Tuesday after two Federal Reserve officials said the fed funds rate will need to surpass 5 percent in order to get inflation under control.

Investors looked ahead to Fed Chair Jerome Powell's speech later in the day for additional clues on the economic and rate outlook.

The benchmark DAX slipped 41 points, or 0.3 percent, to 14,752 after rallying 1.3 percent the previous day.

Rate-sensitive tech stocks dropped, with Infineon Technologies falling 1.3 percent. Zalando, which operates an online platform for fashion and lifestyle products, traded around 6 percent lower, leading losses.

Banks fell, with Deutsche Bank losing 0.6 percent.

Adidas, BASF, Covestro, Fresenius, Merck and Siemens Energy were down 1-2 percent.

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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 Monday, snapping a seven-session winning streak, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,200.00 level, with weakness in energy and financial stocks partially offset by gains in iron ore miners and technology stocks.
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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, with some of the major markets in the region closed, including China, Hong Kong and Japan. Traders are optimistic and react to indications China is open to trade talks with the U.S. Asian markets closed mostly higher on Friday.
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Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is modestly higher on Monday, snapping a seven-session winning streak, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,200.00 level, with gains is iron ore miners and technology stocks partially offset by weakness in energy and financial stocks.
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Higher Open Anticipated For Indonesia Shares

Higher Open Anticipated For Indonesia Shares

The Indonesia stock market has moved higher in five straight sessions, advancing almost 210 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 6,815-point plateau and it's tipped to open in the green again on Monday.
RTTNews | 4घंटे 39 मिनट पहले
Overbought Taiwan Bourse Nonetheless Called Higher On Monday

Overbought Taiwan Bourse Nonetheless Called Higher On Monday

The Taiwan stock market has finished higher in five straight trading days, rallying more than 1,300 points or 6.4 percent in that span. The Taiwan Stock Exchange now sits just above the 20,780-point plateau and it's got another solid lead for Monday's trade.
RTTNews | 5घंटे 9 मिनट पहले
Australia Services PMI Slips In April - S&P Global

Australia Services PMI Slips In April - S&P Global

The services sector in Australia continued to expand in April, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 51.0.
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