DAX Rises As US Futures Gain

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DAX Rises As US Futures Gain

(RTTNews) - German stocks advanced on Tuesday as investors waited for U.S. markets to resume trading after a holiday the previous day.

U.S. stock futures pointed to a sharply higher open later in the day, helping underpin sentiment ahead of Fed Chair Jerome Powell's testimony before Congress over two days. The benchmark DAX jumped 150 points, or 1.1 percent, to 13,415 after climbing 1.1 percent the previous day.

Nordex AG, a wind turbine maker, fell over 2 percent after its first-quarter consolidated net loss stood at 150.5 million euros, wider than prior year's loss of 54.7 million euros.

Mercedes-Benz Group AG gained 2.3 percent after it appointed Paul Gao to the newly created position of Chief Strategy Officer, effective July 1, 2022.

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Malaysia Shares May Hand Back Friday's Gains

Malaysia Shares May Hand Back Friday's Gains

The Malaysia stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,535-point plateau although it may tick lower again on Monday.
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Japan Stock Market May Extend Friday's Losses

Japan Stock Market May Extend Friday's Losses

The Japan stock market headed south again on Friday, one day after ending the four-day losing streak in which it had given up almost 1,175 points or 2.8 percent. The Nikkei 225 now sits just shy of the 40,800-point plateau and it may open to the downside again on Monday.
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South Korea Shares May Extend Losing Streak

South Korea Shares May Extend Losing Streak

The South Korea stock market has moved lower in back-to-back sessions, tumbling more than 135 points or 3.9 percent along the way. The KOSPI now sits just shy of the 3,120-point plateau and it's likely to take further damage on Monday.
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Japan Monetary Base Data Due On Monday

Japan Monetary Base Data Due On Monday

Japan will on Monday release July figures for monetary base, highlighting a very light day for Asia-Pacific economic activity. In June, the base was down 3.3 percent on year.
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U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
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European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European stocks tumbled on Friday, recording one of their worst sessions in several months, as sweeping fresh tariffs announced by U.S. President Donald Trump raised fears of a global economic slowdown, prompting investors to press selling across the board.
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U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
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