DAX Extends Gains As Inflation Worries Ease

RTTNews | 1029 days ago
DAX Extends Gains As Inflation Worries Ease

(RTTNews) - German stocks extended gains on Wednesday as investors remained upbeat about a post-COVID recovery in China.

Traders also awaited the release of the minutes from the Fed's Dec. 13-14 policy meeting later in the day as well as other key economic data expected to offer additional clues about the economic and interest-rate outlook.

Meanwhile, German import price inflation weakened more than expected to the lowest in nearly one-and-a half years in November, figures from Destatis showed earlier today.

Import price inflation eased sharply to 14.5 percent in November from 23.5 percent in October. This was the lowest rate since June 2021, when prices gained 12.9 percent.

Export price inflation also slowed in November, but at a much moderate pace to 11.6 percent in November from 13.1 percent.

The benchmark DAX jumped 169 points, or 1.2 percent, to 14,351 after closing 0.8 percent higher the previous day.

read more
Australian Market Sharply Extends Early Losses In Mid-market

Australian Market Sharply Extends Early Losses In Mid-market

The Australian stock market is sharply expending its early losses in mid-market moves on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 8,950 level, despite the broadly positive cues from Wall Street overnight, as domestic inflation jumped higher-than-expected, with weakness in financial and technology stocks.>
RTTNews | 1h 39min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and are reluctant to make more significant moves ahead of the U.S. Fed's interest rate decision later in the day and are optimistic about a potential trade deal between the U.S. and China. Asian markets closed mostly lower on Tuesday.
RTTNews | 2h 3min ago
Thai Shares May See Renewed Support On Wednesday

Thai Shares May See Renewed Support On Wednesday

The Thai stock market on Tuesday ended the five-day winning streak in which it had picked up more than 50 points or 3.9 percent. The Stock Exchange of Thailand now rests just shy of the 1,315-point plateau although it may tick higher again on Wednesday.
RTTNews | 3h 8min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 50,800 level, with gains in exporters and technology stocks.
RTTNews | 3h 51min ago
China Shares Poised To Open In The Green

China Shares Poised To Open In The Green

The China stock market on Tuesday ended the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,990-point plateau although it may move higher again on Wednesday.
RTTNews | 4h 8min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,000 level, despite the broadly positive cues from Wall Street overnight, with weakness in financial and technology stocks.
RTTNews | 4h 15min ago