DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

RTTNews | 967 दिनों पहले
DAX Slips On Global Growth Concerns; Uniper Shares Tumble 5%

(RTTNews) - German stocks fell on Wednesday amid worries that persistently high inflation and aggressive monetary policy tightening by major central banks will dent global economic growth.

Data released overnight shoed that U.S. monthly consumer price inflation increased at an annual pace of 8.3 percent in August, more than economists' median estimate of 8.1 percent.

The report dashed hopes for a peak in inflation and brought talks of a 100-bps lit-off back on the table.

The benchmark DAX was down 45 points, or 0.3 percent, at 13,144 after losing 1.6 percent the previous day.

Uniper lost nearly 5 percent. The German government may increase its stake in the company above 50 percent and is open to taking the historic step of fully nationalizing the country's biggest gas importer if necessary to prevent a collapse of the energy system, Bloomberg News reported.

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Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market turned lower again on Thursday, one day after snapping the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just shy of the 20,550-point plateau, although it's likely to rebound again on Friday.
RTTNews | 27 मिनटों पहले
Renewed Support Anticipated For Singapore Stock Market

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
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Japan Household Spending Rises 2.1% On Year In March

Japan Household Spending Rises 2.1% On Year In March

The average of household spending in Japan was up 2.1 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 290,511 yen.
RTTNews | 1घंटे 20 मिनट पहले
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.
RTTNews | 1घंटे 27 मिनट पहले
Japan Bourse May Extend Thursday's Gains

Japan Bourse May Extend Thursday's Gains

The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.
RTTNews | 1घंटे 42 मिनट पहले
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has climbed higher in three straight sessions, collecting more than 20 points or 0.8 percent along the way. The KOSPI now sits just shy of the 2,580-point plateau and it may see additional support on Friday.
RTTNews | 1घंटे 57 मिनट पहले
China Trade Data Due On Friday

China Trade Data Due On Friday

China will on Friday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
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