DAX Marginally Lower; Lagarde Speech Eyed

RTTNews | 561 days ago
DAX Marginally Lower; Lagarde Speech Eyed

(RTTNews) - German stocks were little changed in cautious trade on Monday as investors awaited comments from European Central Bank's President Christine Lagarde on monetary policy before a committee of European Parliament.

She is expected to give an assessment on the region's monetary policy ahead of Euro zone's flash inflation estimates and manufacturing data for November due later in the week.

The benchmark DAX was marginally lower at 16,028 after falling around 0.2 percent on Friday.

Banks Commerzbank and Deutsche Bank were flat to slightly higher while automakers BMW, Mercedes Benz and Volkswagen were seeing modest losses.

Asian markets ended broadly lower earlier today following disappointing industrial profits data from China.

U.S. stock futures traded lower ahead of a busy week of economic data releases and speeches from Federal Reserve officials, including Fed Chair Jerome Powell.

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Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | 39 minutes ago
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | 1h 9min ago
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | 1h 39min ago
Japan Shares May See Continued Support On Wednesday

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 1h 54min ago
KOSPI May Challenge Resistance At 2,900 Points

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | 2h 9min ago
Japan Producer Price Data Due On Wednesday

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.
RTTNews | 3h 9min ago
Gold Dips As US-China Trade Talks Continue

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.
RTTNews | 4h 55min ago