DAX Dips Ahead Of Powell's Speech

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DAX Dips Ahead Of Powell's Speech

(RTTNews) - German stocks were moving lower on Tuesday after two Federal Reserve officials said the fed funds rate will need to surpass 5 percent in order to get inflation under control.

Investors looked ahead to Fed Chair Jerome Powell's speech later in the day for additional clues on the economic and rate outlook.

The benchmark DAX slipped 41 points, or 0.3 percent, to 14,752 after rallying 1.3 percent the previous day.

Rate-sensitive tech stocks dropped, with Infineon Technologies falling 1.3 percent. Zalando, which operates an online platform for fashion and lifestyle products, traded around 6 percent lower, leading losses.

Banks fell, with Deutsche Bank losing 0.6 percent.

Adidas, BASF, Covestro, Fresenius, Merck and Siemens Energy were down 1-2 percent.

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BoJ Minutes: Japan Economy Recovering But Faces Downside Risks

BoJ Minutes: Japan Economy Recovering But Faces Downside Risks

Members of the Bank of Japan's Monetary Policy Meeting agreed that the country was continuing to see economic recovery, although some downside risks remain, minutes from the central bank's monetary policy meeting on September 17-18 revealed on Wednesday.
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Singapore Bourse May Give Up Support At 4,400 Points

Singapore Bourse May Give Up Support At 4,400 Points

The Singapore stock market turned lower again on Tuesday, one day after ending the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just above the 4,420-point plateau and it's likely to open under pressure again on Wednesday.
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Rally May Stall On Wednesday For Malaysia Shares

Rally May Stall On Wednesday For Malaysia Shares

The Malaysia stock market has finished higher in two straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau although it's likely to run out of steam on Wednesday.
RTTNews | 1घंटे 42 मिनट पहले
Japan Shares Expected To Open Under Pressure

Japan Shares Expected To Open Under Pressure

The Japan stock market on Tuesday wrote a finish to the three-day winning streak in which is had surged almost 2,200 points or 4 percent. The Nikkei 225 now rests just beneath the 51,500-point plateau and it may extend its losses on Wednesday.
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Continued Consolidation Called For KOSPI

Continued Consolidation Called For KOSPI

The South Korea stock market on Tuesday ended the four-day winning streak in which it had surged almost 215 points or 5.3 percent to a fresh record closing high. The KOSPI sits just above the 4,120-point plateau and it may take further damage on Wednesday.
RTTNews | 2घंटे 12 मिनट पहले
BoJ Minutes On Tap For Wednesday

BoJ Minutes On Tap For Wednesday

The Bank of Japan will on Wednesday release the minutes from its September 18 monetary policy meeting, highlighting a busy day for Asia-Pacific economic activity.
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