DAX Edges Higher In Lackluster Trade; BASF Shares Tumble

RTTNews | 975 일 전
DAX Edges Higher In Lackluster Trade; BASF Shares Tumble

(RTTNews) - German stocks edged up slightly on Friday as data showed Germany's consumer sentiment is set to strengthen for the fifth month in a row in March amid lower energy prices.

The forward-looking Consumer Confidence Index for March rose to -30.5 points from a revised -33.8 points in February, the Nuremberg based GfK said. Economists had forecast a reading of -30.4.

However, separate data released by the statistical office Destatis revealed that the German economy shrank more than initially estimated in the fourth quarter of 2022.

Gross domestic product decreased 0.4 percent quarter-on-quarter, which was a more severe fall than the 0.2 percent estimated initially.

The benchmark DAX was up 30 points, or 0.2 percent, at 15,504 after rising half a percent in the previous session.

Chemical maker BASF slumped 4.4 percent after it slipped to a loss in the fourth quarter of 2022 and announced plans to sack 2,600 employees, around 2 percent of its workforce.

read more
Rebound Anticipated For Indonesia Stock Market

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 310 points or 3.9 percent. The Jakarta Composite Index now rests just above the 8,270-point plateau and it may bounce higher again on Monday.
RTTNews | 1 시간 24 분 전
Hong Kong Shares Poised To Open To The Upside

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, improving more than 380 points or 1.4 percent along the way. The Hang Seng Index now rests just above the 26,160-point plateau and it may open higher again on Monday.
RTTNews | 1 시간 39 분 전
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging to an all-time high above the 50,150 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 1 시간 42 분 전
China Stock Market May Add To Its Winnings On Monday

China Stock Market May Add To Its Winnings On Monday

The China stock market has moved higher in back-to-back sessions, collecting more than 35 points or 0.9 percent in that span. The Shanghai Composite Index now sits just above the 3,950-point plateau and it's tipped to open in the green on Monday.
RTTNews | 1 시간 54 분 전
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, reversing 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 below the 9,050.00 level, with gains in mining, financial and technology stocks.
RTTNews | 2 시간 0 분 전
Singapore Stock Market Tipped To Open In The Green

Singapore Stock Market Tipped To Open In The Green

The Singapore stock market has moved higher in four straight sessions, collecting more than 90 points or 2.1 percent along the way. The Straits Times Index now rests just above the 4,420-point plateau and it may see additional support on Monday.
RTTNews | 2 시간 54 분 전
Win Streak May Continue For Malaysia Bourse

Win Streak May Continue For Malaysia Bourse

The Malaysia stock market has moved higher in consecutive trading days, picking up more than 10 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 3 시간 24 분 전