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DAX Extends Losses As Risk Aversion Intensifies
(RTTNews) - German stocks fell notably on Friday, reflecting a risk-averse environment amid concerns over rising bond yields and the escalation of the Israel-Hamas conflict.
U.S. Treasury yields continued to rise in the wake of Fed Chair Jerome Powell's cautious comments on interest rates and President Joe Biden announcement that he would ask Congress for funding to aid Israel.
Israeli defense minister has ordered ground troops to prepare to see Gaza "from the inside", though he didn't indicate when the ground assault would begin.
The benchmark DAX was down 108 points, or 0.7 percent, at 14,936 after declining 0.3 percent in the previous session.
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DAX Drifts Lower; Siemens Healthineers Down Sharply On Lower Earnings
German stocks are down in negative territory on Wednesday, extending losses from the previous session, amid concerns over high valuations and lingering worries about global economic growth due to the impact of trade tensions.
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1g 21 minut temu
Indonesia GDP Growth Slows In Q3
Indonesia's economic growth softened in the third quarter as anti-government unrest weighed on household consumption, official data showed Wednesday. Gross domestic product grew 5.04 percent on a yearly basis in the third quarter, slower than the 5.12 percent expansion seen in the second quarter.
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2g 20 minut temu
Commodity Currency's Slide Amid Risk-off Mood
The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.
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2g 20 minut temu
European Shares Flat To Lower In Cautious Trade
European stocks were flat to slightly lower on Wednesday to hover near a two-week low following an overnight selloff in U.S. technology stocks.
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2g 55 minut temu
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.
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3g 5 minut temu
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Wednesday.
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3g 18 minut temu
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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3g 29 minut temu
Asian Shares Decline As Tech Stocks Plunge On Valuation Concerns
Asian stocks tumbled on Wednesday as tech stocks succumbed to heavy selling pressure on increasing worries over stretched valuations and AI bubble.
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3g 31 minut temu
