DAX Declines On China Growth Concerns

RTTNews | 664 일 전
DAX Declines On China Growth Concerns

(RTTNews) - German stocks fell notably on Friday as China growth concerns persisted and a Federal Reserve official said there is more work to get inflation back to the 2 percent target. China's biggest property developer Country Garden has warned of a loss of up to $7.6bn (£6bn) for the first six months of the year, highlighting the major issues faced by the world's second-largest economy.

The benchmark DAX was down 112 points, or 0.7 percent, at 15,884 after gaining 0.9 percent the previous day.

Steel producer Salzgitter AG fell about 1 percent. The company affirmed its full-year sales guidance after reporting earnings before tax of 242.6 million euros for the first half of the year, significantly lower than 970.5 million euros in the comparable period last year.

Bechtle AG, a provider of information technology systems and technology, soared over 5 percent after posting better-than-expected pre-tax profit for the second quarter.

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Hong Kong Bourse May Spin Its Wheels On Friday

Hong Kong Bourse May Spin Its Wheels On Friday

The Hong Kong stock market has moved higher in three consecutive sessions, accelerating almost 750 points or 3.5 percent along the way. The Hang Seng Index now sits just above the 23,900-point plateau although it's likely to be stuck in neutral on Friday.
RTTNews | 38 분 전
Profit Taking Expected For Taiwan Stock Market

Profit Taking Expected For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating almost 680 points or 3.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 21,675-point plateau although investors may cash in on Friday.
RTTNews | 38 분 전
Japan Household Spending Sinks 1.8% In April

Japan Household Spending Sinks 1.8% In April

The average of household spending in Japan was down a seasonally adjusted 1.8 percent on month in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 325,717 yen.
RTTNews | 53 분 전
Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau although it may run out steam on Friday.
RTTNews | 1 시간 8 분 전
Japan Bourse May Extend Thursday's Losses

Japan Bourse May Extend Thursday's Losses

The Japan stock market headed south again on Thursday, one day after ending the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,550-point plateau and the losses may accelerate on Friday.
RTTNews | 1 시간 38 분 전
Australia Building Approval Data Due On Friday

Australia Building Approval Data Due On Friday

Australia will on Friday release April figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to fall 5.7 percent on month and rise 5.1 percent on year after sinking 8.8 percent on month and climbing 9.9 percent on year in March.
RTTNews | 2 시간 38 분 전
ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.
RTTNews | 5 시간 0 분 전
Euro Mixed After ECB Announcement

Euro Mixed After ECB Announcement

The euro showed mixed trading against its major counterparts in the New York session on Thursday, after the European Central Bank lowered its key rates by 25 basis points, as expected.
RTTNews | 5 시간 48 분 전