DAX Extends Gains On Hopes For A Fed Retreat

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DAX Extends Gains On Hopes For A Fed Retreat

(RTTNews) - German stocks rallied on Tuesday to extend gains from the previous session as investors scooped up beaten-down shares amid hopes that the U.S. Federal Reserve could ease back on hiking rates.

The dollar slipped and bond yields declined after overnight data showed U.S. manufacturing activity grew at its slowest pace in nearly 2.5 years in September.

Sentiment was also underpinned after the Reserve Bank of Australia surprised markets by slowing the pace of interest rate rises.

The benchmark DAX jumped 279 points, or 2.3 percent, to 12,488 after rising 0.8 percent in the previous session.

Tech stocks led the surge, with Infineon Technologies climbing 4.7 percent amid a retreat in bond yields.

Travel and leisure companies were also gaining ground, with Lufthansa rising 2.3 percent and TUI AG gaining 4 percent.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with weakness in mining and energy stocks partially offset by gains in financial stocks.
RTTNews | 1घंटे 10 मिनट पहले
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid optimism of a truce in the conflict between Russia and Ukraine with US President Donald Trump planning a summit meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy very soon. Asian markets closed mostly higher on Monday.
RTTNews | 1घंटे 20 मिनट पहले
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling below the 43,500 level, with weakness in index heavyweights and financial stocks partially offset by gains in automakers and exporters.
RTTNews | 2घंटे 16 मिनट पहले
Thai Shares May Take Further Damage On Tuesday

Thai Shares May Take Further Damage On Tuesday

The Thai stock market has finished lower in three straight sessions, slipping more than 35 points or 3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,240-point plateau and it may extend its losses on Tuesday.
RTTNews | 2घंटे 36 मिनट पहले
Little Movement Seen For Indonesia Stock Market

Little Movement Seen For Indonesia Stock Market

Ahead of Monday's holiday for Independence Day, the Indonesia stock market had snapped the five-day winning streak in which it had surged more than 440 points or 5.8 percent. The Jakarta Composite Index now sits just beneath the 7,900-point plateau and it's likely to remain stuck in neutral again on Tuesday.
RTTNews | 3घंटे 6 मिनट पहले
Soft Start Expected For Hong Kong Stock Market

Soft Start Expected For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, slumping more than 430 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,175-point plateau and it may continue to sputter on Tuesday.
RTTNews | 3घंटे 21 मिनट पहले
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is trading significantly lower on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with weakness in gold miners and energy stocks partially offset by gains in iron ore miners and financial stocks.
RTTNews | 3घंटे 24 मिनट पहले