DAX Dips Ahead Of Powell's Speech

RTTNews | 1029天前
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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No Help Yet For Thai Stock Market

No Help Yet For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
RTTNews | 2小时9分钟前
Indonesia Shares Tipped To Open In The Red

Indonesia Shares Tipped To Open In The Red

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 picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
RTTNews | 2小时39分钟前
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous four sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling nearly 3 percent to below the 50,050 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 2小时46分钟前
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Tuesday, one day after halting the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 25,950-point plateau and it's tipped to see continued consolidation on Wednesday.
RTTNews | 2小时54分钟前
China Shares May Extend Tuesday's Losses

China Shares May Extend Tuesday's Losses

The China stock market headed south again on Tuesday, one day after ending the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,960-point plateau and it's expected to open under water again on Wednesday.
RTTNews | 3小时9分钟前
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
RTTNews | 3小时19分钟前