DAX Modestly Higher As Investors Await Key Policy Decisions

RTTNews | 166 days ago

(RTTNews) - German stocks are gaining modest ground in positive territory Wednesday morning as investors react to the nation's consumer confidence data, and corporate earnings updates, and await rate decisions from the Federal Reserve later in the day.

The European Central Bank's policy announcement is due on Thursday. While the ECB is likely to lower rate by 25 basis points, the Fed is widely expected to hold its interest rate unchanged this month.

The benchmark DAX, which climbed to 21,525.70 earlier in the session, was up 59.80 points or 0.28% at 21,498.80 a little while ago.

Daimler Truck Holding, Siemens Energy and Infineon are gaining 2.2 to 2.5%. Puma is up nearly 2% and Siemens is advancing nearly 1.5%.

Rheinmetall, SAP, HeidelbergCement, Bayer, Zalando, Sartorius and Commerzbank are up with moderate gains.

Qiagen is declining 3.7%. Symrise is down 1.7% and Beiersdorf is lower by 1.6%, while Fresenius, Continental, Merck, RWE, Deutsche Telekom and Brenntag are down 0.6 to 1.1%.

The yield on Germany's 10-year government bond is down at 2.543%, dropping from previous close of 2.564%.

A report from the GfK Institute said the Consumer Climate Indicator for Germany declined to -22.4 heading into February 2025 from a marginally revised -21.3 in the previous period.

"The consumer climate has suffered another setback," said Rolf Bürkl, a consumer expert at NIM, adding that a sustainable recovery remains out of reach, particularly with inflation on the rise again.

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in six straight sessions, gathering almost 230 points or 3.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 11 minutes ago

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.

RTTNews | 19 minutes ago

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 26 minutes ago

China Stock Market May Add To Its Winnings

The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 41 minutes ago

Tech Shares May Give Taiwan Stocks A Lift

The Taiwan stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,610-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 1h 11min ago

Singapore Bourse Due For Consolidation On Tuesday

The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 1h 41min ago

Mild Support Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 2h 11min ago

Japan Stock Market Poised To Snap Losing Streak

The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference. The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers. For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02. Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.

RTTNews | 2h 26min ago

EURUSD	1.16698	GBPUSD	1.3432	AUDUSD	0.65442
USDJPY	147.719	USDCAD	1.3701	USDCHF	0.79739

Advertisement

DAX Modestly Higher As Investors Await Key Policy Decisions