DAX Slips As Business Confidence Falls More Than Expected

RTTNews | 1129天前
Stocktwits
DAX Slips As Business Confidence Falls More Than Expected

(RTTNews) - German stocks drifted lower on Monday after survey results from Ifo Institute showed that Germany's business confidence deteriorated more than expected in July.

The business confidence index came in at 88.6 in July as both current assessment and expectations of firms deteriorated in the month. The reading was forecast to fall to 90.2 from 92.2 in June.

The benchmark DAX was down 34 points, or 0.3 percent, at 13,220 after finishing marginally higher on Friday.

Volkswagen AG shares tumbled 3.5 percent. The automaker has appointed Oliver Blume takes over as new Chairman with effect as of 1 September 2022.

Automotive and industrial supplier Schaeffler was little changed after it agreed to buy Ewellix Group from Triton Fund V for 582 million euros.

Stocktwits
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Singapore Stock Market May Extend Wednesday's Gains

Singapore Stock Market May Extend Wednesday's Gains

The Singapore stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,245-point plateau and it may pick up steam on Thursday.
RTTNews | 37分钟前
Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
RTTNews | 1小时7分钟前
Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 1小时22分钟前
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.
RTTNews | 1小时37分钟前
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 2小时37分钟前
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
RTTNews | 7小时42分钟前
Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
RTTNews | 11小时58分钟前
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