DAX Marginally Lower In Lackluster Trade

RTTNews | 668 days ago
DAX Marginally Lower In Lackluster Trade

(RTTNews) - German stocks were subdued in lacklustre trade on Tuesday amid concerns that the Israel-Hamas war may spill beyond the Israel-Palestine region.

Heavy shelling was reported near civilian shelters in Gaza despite international messages of caution.

Rising bond yields also weighed on sentiment, with Germany's 10-year bond yield last trading up 2 basis points (bps) at 2.803 percent, tracking higher U.S. Treasury yields. The benchmark DAX was down 9 points at 1,228 after closing 0.3 percent higher in the previous session.

In corporate news, Deutsche Post shares fell 1.3 percent.

DHL Supply Chain, a logistic firm and a division of Deutsche Post announced today that it is planning to invest 350 million euros in Southeast Asia over the next five years to expand its warehousing capacity, workforce, and sustainability initiatives.

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China Economic Data Disappoints

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China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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Yen Rises Against Majors

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The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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NZ Dollar Falls On Soft China Data

NZ Dollar Falls On Soft China Data

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Australian Market Extends Early Gains In Mid-market

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The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
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Asian Markets Trade Mixed

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Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
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