DAX Slips As Uncertainties Mount

RTTNews | 955 days ago
DAX Slips As Uncertainties Mount

(RTTNews) - German stocks fell on Tuesday to extend recent losses amid heightened geopolitical tensions, hawkish Fed comments and news of fresh lockdowns in China.

The benchmark DAX was down 101 points, or 0.8 percent, at 12,172 after finishing marginally lower the previous day.

The leaders of the G7 group of nations will hold a virtual meeting today to discuss offering further support to Ukraine after Moscow launched retaliatory missile strikes that killed 19 people.

German government bond yields held near 11-year highs after reports Chancellor Olaf Scholz was prepared to back European Union-wide joint debt issuance to help the bloc's members tackle the energy crisis.

Longer-term U.S. Treasury yields shot higher after Fed Vice Chair Lael Brainard said the central bank has no intentions of a dovish pivot in the near-term.

China stepped up anti-COVID measures in mega cities to control a spike in new virus cases following a week-long National Day holiday that ended Friday,

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European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | 33 minutes ago
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 1h 10min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains is financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 1h 58min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as US Treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Concerns about the fiscal impact of the US Republican tax cut bill is weighing on the markets. Asian markets ended mostly lower on Thursday.
RTTNews | 2h 19min ago
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Friday as U.S. Treasury yields eased on improved U.S. data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 2h 42min ago
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has finished lower in two straight sessions, giving away more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,175-point plateau and it may tick lower again on Friday.
RTTNews | 3h 18min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous two sessions, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,250 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3h 46min ago
Indonesia Stock Market May Spin Its Wheels On Friday

Indonesia Stock Market May Spin Its Wheels On Friday

The Indonesia stock market has moved higher in two straight sessions, gathering more than 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,165-point plateau, although the rally may stall on Friday.
RTTNews | 3h 48min ago