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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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Rally May Stall For Singapore Stock Market
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 65 points or 1.5 percent along the way. The Straits Times Index now rests just above the 4,390-point plateau although it may run out of steam on Thursday.
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18 minutes ago
Malaysia Bourse May Give Up Support At 1,600 Points
The Malaysia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it's likely to extend its losses on Thursday.
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48 minutes ago
Losses May Accelerate For Japan Stock Market
The Japanese stock market on Wednesday ended the two-day winning streak in which it had surged more than 1,730 points or 3.4 percent. The Nikkei 225 now sits just above the 49,300-point plateau and it may take further damage on Thursday.
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1h 3min ago
South Korea Shares Overdue For Profit Taking
The South Korea stock market has tracked higher in six straight sessions, accelerating more than 320 points or 8.6 percent in that span. Now at another fresh record closing high, the KOSPI rests just above the 3,880-point plateau although investors figure to lock in gains on Thursday.
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1h 18min ago
South Korea Rate Decision On Tap For Thursday
The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
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2h 18min ago
Canadian Dollar Advances Against Majors
The Canadian dollar firmed against its major counterparts in the New York session on Wednesday.
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3h 5min ago
Swiss Market Ends Slightly Weak
The Switzerland market edged down marginally on Wednesday after a cautious session, as investors looked for directional clues.
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6h 8min ago
Major European Markets Close Weak; UK Market Outperforms
The major European markets closed mostly lower on Wednesday as investors reacted to earnings updates and other corporate news, in addition to following the developments on the trade front and digesting geopolitical news.
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6h 42min ago
