DAX Extends Gains As Inflation Worries Ease

RTTNews | 1026 dias atrás
DAX Extends Gains As Inflation Worries Ease

(RTTNews) - German stocks extended gains on Wednesday as investors remained upbeat about a post-COVID recovery in China.

Traders also awaited the release of the minutes from the Fed's Dec. 13-14 policy meeting later in the day as well as other key economic data expected to offer additional clues about the economic and interest-rate outlook.

Meanwhile, German import price inflation weakened more than expected to the lowest in nearly one-and-a half years in November, figures from Destatis showed earlier today.

Import price inflation eased sharply to 14.5 percent in November from 23.5 percent in October. This was the lowest rate since June 2021, when prices gained 12.9 percent.

Export price inflation also slowed in November, but at a much moderate pace to 11.6 percent in November from 13.1 percent.

The benchmark DAX jumped 169 points, or 1.2 percent, to 14,351 after closing 0.8 percent higher the previous day.

read more
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing 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 a tad above the 9,050.00 level, with gains in mining, financial and technology stocks.
RTTNews | 21 minutos atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.
RTTNews | 35 minutos atrás
Rebound Anticipated For Indonesia Stock Market

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 310 points or 3.9 percent. The Jakarta Composite Index now rests just above the 8,270-point plateau and it may bounce higher again on Monday.
RTTNews | 2 h 17 min atrás
Hong Kong Shares Poised To Open To The Upside

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, improving more than 380 points or 1.4 percent along the way. The Hang Seng Index now rests just above the 26,160-point plateau and it may open higher again on Monday.
RTTNews | 2 h 32 min atrás
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging to an all-time high above the 50,150 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 2 h 35 min atrás
China Stock Market May Add To Its Winnings On Monday

China Stock Market May Add To Its Winnings On Monday

The China stock market has moved higher in back-to-back sessions, collecting more than 35 points or 0.9 percent in that span. The Shanghai Composite Index now sits just above the 3,950-point plateau and it's tipped to open in the green on Monday.
RTTNews | 2 h 47 min atrás
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, reversing 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 below the 9,050.00 level, with gains in mining, financial and technology stocks.
RTTNews | 2 h 53 min atrás