DAX Edges Higher Despite Weak Consumer Sentiment Data

RTTNews | 657 days ago
Stocktwits
DAX Edges Higher Despite Weak Consumer Sentiment Data

(RTTNews) - German stocks eked out modest gains on Tuesday, as optimism over fresh policy support from China offset weak German consumer sentiment data.

Consumer sentiment in Germany is set to erode in September as both income and economic expectations of households weakened, survey results from the market research firm GfK showed earlier today.

The forward-looking consumer confidence index fell to -25.5 for September from a revised -24.6 in August. Economists had forecast a reading of -24.3.

"The chances that consumer sentiment can sustainably recover before the end of this year are dwindling more and more," Rolf Burkl, a consumer expert at GfK, said.

The benchmark DAX was up 62 points, or 0.4 percent, at 15,854 after rising 1 percent in the previous session.

In corporate news, drug discovery and development company Evotec AG rose about 1 percent after narrowing its Q2 loss.

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Singapore Bourse May Halt Losing Streak

Singapore Bourse May Halt Losing Streak

The Singapore stock market has finished lower in back-to-back sessions, sinking more than a dozen points or 0.3 percent in that span. The Straits Times Index now sits just shy of the 3,910-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 29 minutes ago
Malaysia Stock Market May Add To Its Winnings On Tuesday

Malaysia Stock Market May Add To Its Winnings On Tuesday

The Malaysia stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it's tipped to open in the green.
RTTNews | 59 minutes ago
Japan Stock Market Poised To Open To The Upside On Tuesday

Japan Stock Market Poised To Open To The Upside On Tuesday

The Japan stock market on Monday snapped the two-day slide in which it had dropped more than 600 points or 1.5 percent. The Nikkei 225 now sits just above the 38,310-point plateau and it may see additional support on Tuesday.
RTTNews | 1h 14min ago
South Korea Stock Market May See Additional Support

South Korea Stock Market May See Additional Support

The South Korea stock market bounced higher again on Monday, one session after ending the seven-day winning streak in which it had picked up more than 225 points or 8.2 percent. The KOSPI now sits just shy of the 2,950-point plateau and it may add to its winnings on Tuesday.
RTTNews | 1h 29min ago
Japan Interest Rate Decision Due On Tuesday

Japan Interest Rate Decision Due On Tuesday

The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
RTTNews | 2h 29min ago
Swiss Shares Extend Friday's Losses

Swiss Shares Extend Friday's Losses

The Swiss stock market has finished lower in back-to-back sessions, clipping more than 230 points or 1.9 percent in that span.
RTTNews | 3h 52min ago
European Markets Track Higher On Monday

European Markets Track Higher On Monday

The major European stock markets traded higher on Monday, reversing losses from the previous session as world leaders gathered in Canada for the G7 summit, which will address global security, economic resilience, and tech cooperation. Discussions to resolve the Middle East crisis will also be a top priority.
RTTNews | 4h 0min ago
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