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DAX Little Changed As Investors Await GDP Data
(RTTNews) - German stocks were subdued on Monday as investors awaited 2023 GDP data later in the day for directional cues.
The eurozone's largest economy is expected to have contracted last year.
The benchmark DAX was down 15 points at 16,689 after rallying 1 percent on Friday.
The euro rose against the dollar as investors assess the prospects for rate cuts from the U.S. Federal Reserve and the European Central Bank.
In corporate news, Commerzbank rallied 1.6 percent as talks of a merger with Deutsche Bank resurfaced. Shares of the latter were down 0.6 percent.
Kontron rose over 2 percent. The IoT technology company said that it sees its net profit grow over 87 million euros in 2024.
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Australian Market Trims Early Gains In Mid-market
The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.
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46 minutes ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
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1h 3min ago
Sensex, Nifty Seen Higher At Open On Firm Global Cues
Indian shares are likely to open higher on Friday, tracking firm cues from global markets and falling oil prices on oversupply concerns ahead of an OPEC+ meeting this weekend.
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1h 31min ago
Japanese Market Significantly Higher
Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 42,900 level, with gains across most sectors led by index heavyweights, automakers and technology stocks.
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2h 23min ago
Rebound Anticipated For Thai Stock Market
The Thai stock market on Thursday snapped the three-day winning streak in which it had jumped almost 24 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to bounce higher again on Friday.
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2h 30min ago
Australian Market Notably Higher
The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains in financial stocks and a mixed performance across most other sectors.
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2h 43min ago
Hang Seng Tipped To End Losing Streak
The Hong Kong stock market has moved lower in three straight sessions, sinking more than 550 points or 2.2 percent in that span. The Hang Seng Index now sits just shy of the 25,060-point plateau although it's due for support on Friday.
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2h 45min ago
China Stock Market May Find Traction On Friday
The China stock market has moved lower in three straight sessions, dropping more than 110 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,760-point plateau although it may stop the bleeding on Friday.
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3h 0min ago
