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DAX Holds Steady In Lackluster Trade
(RTTNews) - German stocks were little changed on Friday as trading resumed after the two-day Christmas break.
The benchmark DAX was marginally higher at 19,862.87 while the euro was seeing marginal gains against the U.S. dollar as the year-end approaches.
Banks traded higher, with Commerzbank rising over 1 percent and Deutsche Bank adding half a percent as German Bund yields hit a one-month high in response to a surge in U.S. Treasury yields, following a successful seven-year auction.
Delivery Hero SE shares slumped 6.5 percent. Taiwan has rejected Uber Technologies Inc.'s plan to acquire the German online takeaway food company's Foodpanda local business for $950 million, arguing it would decrease competition.
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Singapore Shares: Resistance Expected At 4,300 Points
The Singapore stock market has moved higher in five straight sessions, collecting more than 50 points or 1.2 percent in that span. The Straits Times Index now sits just shy of the 4,300-point plateau, although it may run out of steam on Wednesday.
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21 minutes ago
Malaysia Shares May See Renewed Consolidation On Wednesday
The Malaysia stock market on Tuesday snapped the two-day slide in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may head south again on Wednesday.
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46 minutes ago
Japan Stock Market May Hand Back Tuesday's Gains
The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.
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1h 7min ago
South Korea Shares May Head South Again On Wednesday
The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.
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1h 24min ago
Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.
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2h 24min ago
U.S. Dollar Climbs Amid Rising Treasury Yields
The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.
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2h 49min ago
Swiss Shares Extend Losing Streak
The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
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7h 36min ago
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further
Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
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7h 41min ago
