DAX Slides As Banking Jitters Return To Fore

RTTNews | 810 days ago
DAX Slides As Banking Jitters Return To Fore

(RTTNews) - German stocks were moving lower on Tuesday after U.S. lender First Republic Bank said its deposits tumbled more than $100 billion last quarter and that it was exploring options such as restructuring its balance sheet.

UBS Group has set aside more money to draw a line under its involvement in toxic mortgages, further weighing on sentiment.

The benchmark DAX was down 31 points, or 0.2 percent, at 15,833 after closing 0.1 percent lower in the previous session.

Banks were losing ground, with Commerzbank and Deutsche Bank both falling over 3 percent after UBS reported a 52 percent slide in quarterly income.

Forklift manufacturer Jungheinrich AG jumped nearly 10 percent after reporting a rise in Q1 preliminary EBIT and lifting its FY outlook.

Daimler Truck Holding rallied 2.7 percent after reporting Q1 preliminary results above expectations.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

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RTTNews | 31 minutes ago
Asian Markets Trade Mostly Higher

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RTTNews | 44 minutes ago
Thai Stock Market May Hand Back Friday's Gains

Thai Stock Market May Hand Back Friday's Gains

The Thai stock market on Friday snapped the two-day slide in which it had stumbled more than a dozen points or 1 percent. The Stock Exchange of Thailand now sits just above the 1,120-point plateau although it may head south again on Monday.
RTTNews | 1h 48min ago
Japanese Market Modestly Lower

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The Japanese stock market is trading modestly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling well below the 39,500 level, with weakness across most sectors led by financial and technology stocks.
RTTNews | 1h 58min ago
Indonesia Stock Market Due For Consolidation

Indonesia Stock Market Due For Consolidation

The Indonesia stock market has moved higher in five straight sessions, gathering almost 180 points or 2.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,050-point plateau although it's expected to open under pressure on Monday.
RTTNews | 2h 18min ago
Hong Kong Shares May Open Under Pressure

Hong Kong Shares May Open Under Pressure

The Hong Kong stock market has moved higher in two straight trading days, collecting almost 250 points or 1 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau although it may spin its wheels on Monday.
RTTNews | 2h 33min ago
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has moved higher in back-to-back sessions, gathering more than 15 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 3,510-point plateau although it may be stuck in neutral on Monday.
RTTNews | 2h 48min ago