DAX Subdued In Cautious Trade Ahead Of Central Bank Meetings

RTTNews | 1028 days ago
DAX Subdued In Cautious Trade Ahead Of Central Bank Meetings

(RTTNews) - German stocks were little changed in cautious trade on Monday, as investors digested weak Chinese data and awaited key interest-rate decisions from the Federal Reserve and the Bank of England this week for directional cues.

The U.S. Federal Reserve is seen slowing its aggressive rate hike pace after delivering a 75-points rate hike after the conclusion of a two-day policy meeting on Wednesday.

The Bank of England may also unleash a 75-basis point rate hike on Thursday in a show of aggression toward inflation.

The benchmark DAX slipped 14 points, or 0.1 percent, to 13,229 after rising 0.2 percent on Friday.

Fresenius Medical Care shares surged 5.3 percent despite the healthcare company cutting its FY22 profit outlook.

The company said it expects 2022 net income attributable to shareholders of the company to decline in the high teens to mid-twenties percentage range.

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Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | 1h 2min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 1h 19min ago
Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of 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 above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | 2h 28min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 2h 40min ago
Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | 2h 58min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
RTTNews | 2h 59min ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of 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 beneath the 25,340-point plateau and it's expected to open higher again on Monday.
RTTNews | 3h 13min ago