DAX Slides Ahead Of Inflation Data

RTTNews | 1054 days ago
DAX Slides Ahead Of Inflation Data

(RTTNews) - German stocks tumbled on Thursday as the boost from the Bank of England's intervention in bond markets faded and a fourth leak on the Nord Stream pipelines has been reported off southern Sweden, raising fresh concerns about the security of Europe's energy supplies.

Amid increased concerns of aggressive monetary policy tightening, investors awaited German inflation data later in the day for clues on the ECB rate outlook.

The benchmark DAX fell 104 points, or 1.3 percent, to 12,029 after rising 0.4 percent in the previous session.

Automotive part supplier HELLA lost 2.5 percent after it posted a decline in earnings before interest and taxes for the first quarter, on higher costs especially for materials, energy and logistics, and high capital expenditures.

Rational AG soared nearly 13 percent after raising its sales revenue and profit forecast for 2022.

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Asian Shares Rise As Alaska Talks Show Progress

Asian Shares Rise As Alaska Talks Show Progress

Asian stocks rose broadly on Monday as investors reacted to ongoing U.S.-Russia talks on Ukraine and looked ahead to upcoming Federal Reserve Jerome Powell's Jackson Hole speech for clues on whether the U.S. central bank will cut interest rates next month. The summit between U.S. President Donald Trump and Russian President Putin in Alaska yielded no concrete agreements, but Russia agreed to "game-changing" security guarantees for Ukraine, helping inject new momentum into stalled efforts to end the Russia-Ukraine war.
RTTNews | 39 minutes ago
Yen Falls Amid Risk-on Mood

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The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | 3h 25min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 3h 35min ago
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

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Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | 4h 56min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | 5h 49min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | 6h 12min ago