DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

RTTNews | 618 days ago
DAX Drops As Excitement Over Earnings, Potential Rate Cuts Fade

(RTTNews) - Amidst thin trading, Germany's DAX benchmark dropped from the record high recorded on Friday. Anxiety ahead of the release of the ECB /FOMC Minutes as well as the flash PMI readings for February lingered.

The forty-scrip DAX index is currently trading at 17,061.64, having slipped 0.12 percent from the previous close of 17,082.37. The day's trading ranged between a high of 17,098.97 and a low of 17,056.65.

In the 40-scrip index, only 10 are currently trading in the overnight positive zone. Shares of artillery producer Rheinmetall gained close to 3 percent amidst announcements of opening an ammunition factory in Ukraine.

Sartorius, Covestro, Commerzbank and Continental, all slipped more than 2 percent.

MTU Aero Engines, BASF, RWE, Porsche, Airbus, Zalando, Porsche Automobil Holding and Merck have all lost more than 1 percent.

The EUR/USD pair is flat at 1.0775 percent. The Dollar Index meanwhile slipped 0.05 percent to trade at 104.25.

German bond yields decreased 0.10 percent. The same is at 2.3975 percent versus 2.4000 percent at the previous close.

read more
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is modestly lower in choppy trading on Thursday, reversing some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 51,150 level, with weakness in index heavyweights and automaker stocks partially offset by gains in financial and technology stocks.
RTTNews | 1h 11min ago
China Bourse May Slip Beneath 4,000-Point Level

China Bourse May Slip Beneath 4,000-Point Level

The China stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just above the 4,015-point plateau although it may head south again on Thursday.
RTTNews | 1h 34min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with gains in iron ore miners and financial partially offset by weakness in technology stocks.
RTTNews | 1h 42min ago
Taiwan Bourse May Remain Rangebound On Thursday

Taiwan Bourse May Remain Rangebound On Thursday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 220 points or 0.8 percent. The Taiwan Stock Exchange now sits just shy of the 28,300-point plateau although it may tick lower again on Thursday.
RTTNews | 2h 9min ago
Singapore Shares May See Continued Consolidation

Singapore Shares May See Continued Consolidation

The Singapore stock market on Wednesday snapped the six-day winning streak in which it had jumped more than 120 points or 2.9 percent. The Straits Times Index now sits just above the 4,440-point plateau and it may take further damage on Thursday.
RTTNews | 2h 34min ago
U.S. Dollar Climbs On Powell's Comments

U.S. Dollar Climbs On Powell's Comments

The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, as Federal Reserve Chair Jerome Powell's comments triggered doubts about the likelihood of a rate cut in December.
RTTNews | 2h 50min ago
Malaysia Stock Market May Spin Its Wheels On Thursday

Malaysia Stock Market May Spin Its Wheels On Thursday

The Malaysia stock market has finished lower in back-to-back sessions, slipping almost 7 points or 0.4 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it may remain stuck in neutral on Thursday.
RTTNews | 3h 4min ago
Japan Bourse May See Mild Downside Correction

Japan Bourse May See Mild Downside Correction

The Japan stock market rebounded on Wednesday, one day after ending the two-day winning streak in which it had rallied more than 1,800 points or 3 percent. The Nikkei 225 now rests just above the 51,300-point plateau although it may run out of steam on Thursday.
RTTNews | 3h 19min ago