DAX Little Changed As Early Rate-cut Hopes Fade

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DAX Little Changed As Early Rate-cut Hopes Fade

(RTTNews) - German stocks were little changed on Wednesday as hotter-than-expected U.S. inflation data dented hopes for early rate cuts and geopolitical tensions continued in the Middle East and eastern Europe.

The benchmark DAX was marginally lower at 16,875 after declining 0.9 percent in the previous session.

Industrial services provider Bilfinger jumped 5.6 percent after bagging a large-scale maintenance contract from INEOS for the Forties Pipeline System.

Thyssenkrupp shares plummeted 9 percent after the engineering and steel conglomerate cut its full-year sales and profit targets, citing weakening demand and impairment losses in its fiscal first quarter.

Delivery Hero soared 4.5 percent. The online food company said it expects its organic cash flow generation to be more than sufficient to settle bond and debt maturities.

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Australian Market Slashes Early Losses In Mid-market

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China Manufacturing Sector Ebbs In October - RatingDog

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The Thai stock market has moved lower in consecutive trading days, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it's expected to open in the green on Monday.
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The Indonesia stock market on Friday snapped the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,160-point plateau, although it's likely to bounce higher again on Monday.
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Hong Kong Shares Due For Support On Monday

Hong Kong Shares Due For Support On Monday

The Hong Kong stock market has moved lower in three consecutive trading days, surrendering more than 520 points or 2 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau although it's expected to open in the green on Monday.
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Australia Building Approvals Jump 12.0% In September

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The total number of building permits issued in Australia was up a seasonally adjusted 12.0 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at 17,019.
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