DAX Dips As Yields Surge Ahead Of Powell's Speech

RTTNews | 789天前
DAX Dips As Yields Surge Ahead Of Powell's Speech

(RTTNews) - German stocks traded lower on Thursday as investors fretted about rising geopolitical tensions in the Middle East and the outlook for interest rates.

U.S. Treasury yields jumped to multi-year highs ahead of Fed Chair Jerome Powell's speech later in the day.

The benchmark DAX was down 48 points, or 0.3 percent, at 15,046 after closing 1 percent lower the previous day.

Infineon Technologies AG fell 2.2 percent. The semiconductor company has appointed Elke Reichart as its new Chief Digital Transformation Officer, effective November 1.

Merck KGaA jumped nearly 5 percent. The science and technology major said it expects to return to growth during fiscal 2024, and continued growth also beyond 2025.

Biopharmaceutical firm Sartorius surged 5.5 percent after unveiling financial results for the first nine months of the year.

Frankfurt-listed shares of Tesla were down 4.8 percent after CEO Elon Musk sounded a pessimistic note about the economy on an earnings call.

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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 mid-market moves on Wednesday, but extends the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 falling below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in mining and technology stocks.
RTTNews | 1小時36分鐘前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets trade mixed on Wednesday, following the mixed cues from Wall Street overnight, after the release of sluggish US jobs data failed to boost expectations for further interest rate cuts by the US Fed. Data showed stronger than expected job growth in November, but the increase followed a notable loss of jobs in October. Asian markets closed mostly lower on Tuesday.
RTTNews | 1小時43分鐘前
Thai Stock Market May Extend Tuesday's Losses

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market on Tuesday ended the two-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it may take further damage on Wednesday.
RTTNews | 3小時3分鐘前
Indonesia Shares Expected To Remain Rangebound

Indonesia Shares Expected To Remain Rangebound

The Indonesia stock market has alternated between positive and negative finishes through the last 10 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,690-point plateau although it's likely to hand back those gains on Wednesday.
RTTNews | 3小時33分鐘前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 49,300 level, with weakness in exporters and a mixed performance across most other sectors.
RTTNews | 3小時46分鐘前
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 740 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 25,230-point plateau although it may tick higher on Wednesday.
RTTNews | 3小時48分鐘前