DAX Rises On US Rate Cut Optimism

RTTNews | 501天前
DAX Rises On US Rate Cut Optimism

(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.

The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.

Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.

The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.

Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."

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Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
RTTNews | 24分鐘前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
RTTNews | 49分鐘前
Indonesia Stock Market May Be Stuck In Neutral On Wednesday

Indonesia Stock Market May Be Stuck In Neutral On Wednesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Wednesday.
RTTNews | 54分鐘前
Lower Open Expected For Hong Kong Stock Market

Lower Open Expected For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, shedding almost 400 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 26,160-point plateau and it's tipped open under pressure again on Wednesday.
RTTNews | 1小時9分鐘前
Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,000 mark, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 1小時19分鐘前
China Shares Tipped To Open Under Water On Wednesday

China Shares Tipped To Open Under Water On Wednesday

The China stock market turned lower again on Tuesday, one day after snapping the two-day slide in which it had dropped more than 55 points or 1.5 percent. The Shanghai Composite Index now rests just above the 3,820-point plateau and the losses may accelerate on Wednesday.
RTTNews | 1小時24分鐘前
Taiwan Stock Market May Spin Its Wheels On Wednesday

Taiwan Stock Market May Spin Its Wheels On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 675 points or 2.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 26,250-point plateau although it's expected to be stuck in neutral on Wednesday.
RTTNews | 1小時54分鐘前
Singapore Bourse May Hand Back Tuesday's Gains

Singapore Bourse May Hand Back Tuesday's Gains

The Singapore stock market on Tuesday finally halted the seven-day losing streak in which it had slumped more than 55 points or 1.3 percent. The Straits Times Index now sits just above the 4,300-point plateau although it may head south again on Wednesday.
RTTNews | 2小時24分鐘前