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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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Australia Building Permits Climb 3.2% On Month In May
The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
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26 minutes ago
Japanese Market Modestly Lower
The Japanese stock market is modestly lower on Wednesday after opening in the green, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with a mixed performance is most sectors.
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27 minutes ago
China Inflation Slips 0.1% On Month In June
Consumer prices in China were down a seasonally adjusted 0.1 percent on month in June, the National Bureau of Statistics said on Wednesday.
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31 minutes ago
Soft Start Expected For Indonesia Stock Market
The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just above the 6,900-point plateau although it figures to open in the red on Wednesday.
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39 minutes ago
Hong Kong Shares May Open Under Pressure On Wednesday
The Hong Kong stock market on Tuesday snapped the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just shy of the 24,150-point plateau although it may hand back some of those gains on Wednesday.
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54 minutes ago
Australian Market Notably Lower
Australian shares are trading notably lower on Wednesday, reversing the slight gains in the previous session, with the benchmark S&P/ASX 200 falling below the 8,550 level, following the mixed cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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54 minutes ago
Profit Taking May Dent China Stock Market
The China stock market has moved higher in four straight sessions, collecting almost 45 points or 1.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,500-point plateau although it's due for consolidation on Wednesday.
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1h 9min ago
Tech Shares May Prompt Bargain Hunting For Taiwan Shares
The Taiwan stock market has finished lower in three straight sessions, shedding almost 370 points or 1.6 percent along the way. The Taiwan Stock Exchange now sits just beneath the 22,360-point plateau although it may stop the bleeding on Wednesday.
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1h 39min ago
