DAX Drifts Lower As Middle East Tensions Escalate

RTTNews | Před 590 dny
DAX Drifts Lower As Middle East Tensions Escalate

(RTTNews) - German stocks edged lower on Friday as stronger-than-expected U.S. inflation data revived bets for one more U.S. rate hike this year. Also, China's consumer prices faltered in September and factory-gate prices shrank slightly faster than expected - fanning concerns about persistent deflationary pressures in the world's second-largest economy.

Escalating tensions in the Middle East also weighed on sentiment. Ahead of an expected ground invasion against the ruling Hamas militant group, Israel's military told some 1 million Palestinians living in Gaza to evacuate the north, according to the United Nations.

The benchmark DAX was down 56 points, or 0.4 percent, at 15,369 after declining 0.2 percent in the previous session.

Insurer Allianz dropped half a percent after reports that its equity growth team is losing 5 of its 12 members.

Sartorius, a pharmaceutical and laboratory equipment supplier, plunged almost 13 percent after reporting a decline in sales for the first nine months of 2023 and cutting its FY23 outlook.

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Lower Open Called For Hong Kong Stock Market

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RTTNews | Před 24 minutami
Australian Market Slightly Lower

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RTTNews | Před 39 minutami
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China Shares Likely To Open To The Downside Again On Monday

The China stock market has moved lower in two straight sessions, falling almost 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just beneath the 3,350-point plateau and it's looking at another soft start again on Monday.
RTTNews | Před 39 minutami
Taiwan Shares May See Further Damage Again On Monday

Taiwan Shares May See Further Damage Again On Monday

The Taiwan stock market has moved lower in back-to-back sessions, sinking more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just above the 21,650-point plateau and it may extend its losses on Monday.
RTTNews | Před 1 h 9 min
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Singapore Bourse Likely To Remain Rangebound

The Singapore stock market ticked higher again on Friday, one day after ending the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just above the 3,880-point plateau, although it may remain stuck in neutral on Monday.
RTTNews | Před 1 h 39 min
Malaysia Stock Market May See Renewed Consolidation

Malaysia Stock Market May See Renewed Consolidation

The Malaysia stock market on Friday ended the six-day losing streak in which it had tumbled more than 55 points or 3.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau although it's expected to open under pressure again on Monday.
RTTNews | Před 2 h 9 min
Japan Shares May Head South Again On Monday

Japan Shares May Head South Again On Monday

The Japanese stock market on Friday snapped the two-day slide in which it had dropped almost 550 points or 1.5 percent. The Nikkei 225 now sits just above the 37,160-point plateau although it may hand back those gains on Monday.
RTTNews | Před 2 h 24 min
South Korea Bourse May Extend Losing Streak

South Korea Bourse May Extend Losing Streak

The South Korea stock market has finished lower in back-to-back sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,590-point plateau and it may take further damage on Monday.
RTTNews | Před 2 h 39 min