DAX Edges Higher On China Stimulus Optimism

RTTNews | 254 days ago
DAX Edges Higher On China Stimulus Optimism

(RTTNews) - German stocks traded slightly higher on Monday after a measure of China's consumer inflation unexpectedly decelerated in November and factory deflation eased, raising hopes for more proactive fiscal and monetary policies next year to boost domestic consumption.

The Politburo, a top decision-making body led by President Xi Jinping, said today it will stabilize property and stock markets while strengthening the "unconventional counter-cyclical" adjustment.

The benchmark DAX was up 24 points, or 0.1 percent, at 20,409 after closing up 0.1 percent on Friday.

Meal-kit company HelloFresh plunged more than 7 percent after reports of a U.S. probe over allegations of child labor.

Laboratory and pharmaceutical supplier Sartorius gained 1.1 percent after naming a new CEO.

Stabilus jumped 3 percent despite the machinery industry company reporting a fall in profit for fiscal 2024.

CompuGroup Medical soared 31 percent. The provider of healthcare software said it is in advanced talks to be acquired by CVC Capital Partners.

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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | 15 minutes ago
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 1h 18min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 1h 26min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
RTTNews | 1h 45min ago
Indonesia Stock Market May Head South Again On Thursday

Indonesia Stock Market May Head South Again On Thursday

The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
RTTNews | 1h 48min ago
Lower Open Anticipated For Hong Kong Shares

Lower Open Anticipated For Hong Kong Shares

The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
RTTNews | 2h 3min ago
China Stock Market May Hand Back Wednesday's Gains

China Stock Market May Hand Back Wednesday's Gains

The China stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,770-point plateau although it may open under pressure again on Thursday.
RTTNews | 2h 18min ago