DAX Rises On Fed Policy Optimism

RTTNews | 798 days ago
DAX Rises On Fed Policy Optimism

(RTTNews) - German stocks advanced on Wednesday amid expectations of the U.S. Federal Reserve leaving interest rates unchanged after a two-day policy meeting later in the day.

The benchmark DAX was up 68 points, or 0.4 percent, at 16,298 after climbing 0.8 percent in the previous session.

Banks traded mixed, with Commerzbank trading little changed while Deutsche Bank edged up 0.6 percent.

Footwear conglomerate Puma edged up slightly. The company announced a reorganization to improve alignment across key business categories.

Machinery manufacturer Heidelberger Druckmaschinen slumped 4 percent after issuing a cautious outlook for the new financial year.

Construction equipment manufacturer Wacker Neuson jumped 5.6 percent after saying it aims to grow revenue by 78 percent by 2030 and increase profitability.

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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | 15 minutes ago
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 1h 18min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 1h 26min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
RTTNews | 1h 45min ago
Indonesia Stock Market May Head South Again On Thursday

Indonesia Stock Market May Head South Again On Thursday

The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
RTTNews | 1h 48min ago
Lower Open Anticipated For Hong Kong Shares

Lower Open Anticipated For Hong Kong Shares

The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
RTTNews | 2h 3min ago
China Stock Market May Hand Back Wednesday's Gains

China Stock Market May Hand Back Wednesday's Gains

The China stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,770-point plateau although it may open under pressure again on Thursday.
RTTNews | 2h 18min ago