DAX Recovers From Early Setback, Down Marginally In Cautious Trade

RTTNews | 158 gün önce

(RTTNews) - After closing the previous session on a firm note following the passage of a massive spending plan, German stocks are mostly subdued on Wednesday as investors await the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates unchanged. The post-meeting statement and economic projections from Fed Chair Jerome Powell are eyed for clarity on how fresh tariffs by the Trump Administration may impact prices and economic activity.

Investors are also looking ahead to the policy announcement from the Bank of England on Thursday.

The benchmark DAX, which dropped to 23,215.44 in early trades, was down 33.13 points or 0.14% at 23,360.10 a little while ago.

Vonovia is declining by about 1.5%. The private residential real estate company said that its fiscal 2024 net loss narrowed significantly from last year with growth in revenues. In fiscal 2024, net loss attributable to Vonovia's shareholders was 896.0 million euros, compared to prior year's loss of 6.29 billion euros. Loss per share was 1.09 euros, compared to loss of 7.80 euros a year ago.

Looking ahead, for fiscal 2025, the company expects to report adjusted EBITDA of between 2.70 billion euros and 2.80 billion euros, and adjusted EBT between 1.75 billion euros and 1.85 billion euros.

Rheinmetall is down more than 2%. BASF, Brenntag, Sartorius, Bayer, BMW, Daimler Truck Holding and Mercedes-Benz are down 1 to 1.6%.

Fresenius Medical Care, Volkswagen, Porsche, Symrise, Deutsche Bank, Siemens and Continental are lower by 0.5 to 0.9%.

Heidelberg Materials is climbing up nearly 2%. Deutsche Boerse is up 1.1%, while Adidas, Commerzbank, Fresenius, Siemens Energy, Deutsche Post and Munich Re are up 0.3 to 0.7%.

Data from Statistics Canada showed the Euro area's consumer price inflation rate eased to 2.3% in February, slightly below the preliminary estimate of 2.4% and down from a six-month high of 2.5% in January. The CPI rose 0.4% month-over-month in February 2025, slightly below 0.5% in the preliminary estimate, and compared to a 0.3% fall in January.

Core consumer prices in the Euro Area increased 2.6% in February over the same month in the previous year.

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

RTTNews | 19 dakika önce

Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

RTTNews | 58 dakika önce

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of 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 above the 1,250-point plateau and it's poised to extend its gains on Monday.

RTTNews | 1s 28 dakika önce

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | 1s 40 dakika önce

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

RTTNews | 1s 58 dakika önce

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | 1s 59 dakika önce

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of 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 beneath the 25,340-point plateau and it's expected to open higher again on Monday.

RTTNews | 2s 13 dakika önce

China Stock Market May Extend Winning Streak

The China stock market has moved higher in three straight sessions, advancing almost 100 points or 2.9 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it's expected to add to its winnings again on Monday.

RTTNews | 2s 28 dakika önce

EURUSD	1.17038	GBPUSD	1.35078	AUDUSD	0.64844
USDJPY	147.338	USDCAD	1.38358	USDCHF	0.8028