DAX Edges Lower On Weak Data

RTTNews | 1115 дней спустя
DAX Edges Lower On Weak Data

(RTTNews) - German stocks edged lower on Friday after data showed retail sales fell more than expected in August and industrial production contracted, stoking recession worries.

German industrial output dropped 0.8 percent on a monthly basis in August after remaining flat in July as raw material shortages and supply chain bottlenecks continued to dampen the functioning of many industries, Destatis said. Production was forecast to ease 0.5 percent.

Retail sales also weakened in August signaling weak contribution to growth from household spending amid rising energy prices.

Another report revealed that retail sales eased 1.3 percent from July compared to the expected drop of 1.1 percent.

The benchmark DAX was down 31 points, or 0.3 percent, at 12,439 after closing 0.4 percent lower in the previous session.

Infineon Technologies fell over 1 percent on the back of weak earnings and forecasts from Samsung and Advanced Micro Devices.

Adidas lost 1 percent after the sporting goods maker said it was reviewing its relationship with rapper and fashion designer Kanye West.

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 | 22 минут назад
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 | 36 минут назад
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 | 2ч 18мин назад
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 | 2ч 33мин назад
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 | 2ч 37мин назад
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 | 2ч 48мин назад
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 | 2ч 54мин назад