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DAX Inches Higher Ahead Of Business Confidence Data
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(RTTNews) - German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
In economic releases, investors await producer price inflation data for November and business sentiment survey results later in the day for further direction.
The ifo Institute's business sentiment index is forecast to rise to 87.4 from 86.3 in the previous month.
The benchmark DAX was up 73 points, or half a percent, at 13,966 after losing 0.7 percent on Friday.
Banks traded mixed, with Deutsche Bank rising more than 1 percent while Commerzbank shares were marginally lower.
Freenet AG jumped nearly 4 percent after Deutsche Bank raised its rating on the stock.
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Sensex, Nifty Seen Slightly Higher At Open
Indian shares look set to open on a positive note Friday as a stronger-than-expected U.S. jobs report helped ease investor concerns about a potential economic slowdown.
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Higher Open Called For Thai Stock Market
The Thai stock market has moved higher in four straight sessions, collecting almost 50 points or 4.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,125-point plateau and it's expected to see further upside on Friday.
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Japanese Market Modestly Higher
Extending the slight gains in the previous session, the Japanese market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,850 level, with gains in exporters, financial and technology stocks.
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Indonesia Bourse Expected To Halt Losing Streak
The Indonesia stock market has finished lower in three straight sessions, slumping almost 50 points or 0.8 percent along the way. The Jakarta Composite Index now sits just shy of the 6,880-point plateau although it may stop the bleeding on Friday.
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Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Friday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.
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Hong Kong Bourse May Erase Thursday's Losses
The Hong Kong stock market headed south again on Thursday, one day after snapping the three-day slide in which it had dropped more than 400 points or 1.7 percent. The Hang Seng Index now sits just shy of the 24,070-point plateau although it's expected to find renewed support on Friday.
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China Stock Market May Crack 3,500-Point Level
The China stock market bounced higher again on Thursday, one day after snapping the two-day winning streak in which it had improved more than 30 points or 0.9 percent. The Shanghai Composite Index now sits just above the 3,460-point plateau and it's looking at a firm start again on Friday.
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Taiwan Stock Market Expected To Open To The Upside On Friday
The Taiwan stock market has moved higher in three straight sessions, advancing more than 450 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 22,700-point plateau and it may see additional support again on Friday.
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