DAX Slips Into Red Ahead Of Eurozone Inflation Data

RTTNews | 493 hari yang lalu
Stocktwits
DAX Slips Into Red Ahead Of Eurozone Inflation Data

(RTTNews) - German stocks fell on Friday while the dollar climbed after comments from three top Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer.

Mixed activity data from China also weighed on markets. China's industrial growth accelerated in April, while growth in April retail sales and fixed asset investment during the January-April period softened unexpectedly, official data revealed.

The benchmark DAX was down 97 points, or 0.5 percent, at 18,641 after losing 0.7 percent in the previous session.

Eurostat is slated to issue euro area final inflation data for April later in the day. The flash estimate showed that inflation held steady at 2.4 percent in April and core inflation slowed to 2.7 percent from 2.9 percent in March.

Earlier today, ECB Vice-President Luis de Guindos said that inflation in the Eurozone will move near its target of 2 percent in 2025.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | 1j 49min yang lalu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | 2j 9min yang lalu
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Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | 2j 45min yang lalu
Japanese Market Sharply Higher

Japanese Market Sharply Higher

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RTTNews | 3j 1min yang lalu
Thai Stock Market Due For Support On Monday

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews | 3j 22min yang lalu
Indonesia Bourse May Set Fresh Record High

Indonesia Bourse May Set Fresh Record High

The Indonesia stock market bounced higher again on Friday, one day after halting the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,050-point plateau and it may see additional support on Monday.
RTTNews | 3j 52min yang lalu
Additional Support Tipped For Hong Kong Stocks

Additional Support Tipped For Hong Kong Stocks

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau and it may add to its winnings on Monday.
RTTNews | 4j 7min yang lalu
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