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DAX Tumbles As Banks Drag On Contagion Fears
(RTTNews) - German stocks plunged on Friday, as banks suffered heavy losses on concerns over the collapse of pro-crypto Silvergate bank coupled with the hawkish stance taken by the U.S. Federal Reserve.
Investors waited for the release of monthly U.S. jobs report later in the day that could reinforce expectations of a bigger rate hike later this month.
The benchmark DAX was down 263 points, or 1.7 percent, at 15,370 after ending flat with a positive bias the previous day.
Commerzbank shares plummeted 5 percent and Deutsche Bank lost about 8 percent after U.S. tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding.
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Japan June Current Account Surplus Y1.348 Trillion
Japan posted a current account surplus of 1.348 trillion yen in June, the Ministry of Finance said on Friday - down 23.6 percent from a year earlier.
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Singapore Bourse Due For Profit Taking On Friday
The Singapore stock market has climbed higher in four straight sessions, gathering more than 100 points or 2.4 percent along the way. The Straits Times Index now sits just beneath the 4,260-point plateau although investors may lock in gains on Friday.
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22 минут назад
Japan Household Spending Slumps 5.2% In June
The average of household spending in Japan was down a seasonally adjusted 5.2 percent on month in June, the Ministry of Internal Affairs and Communications aid on Friday - coming in at 316,085 yen.
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Malaysia Stock Market May Be Stuck In Neutral On Friday
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1ч 7мин назад
South Korea Shares May Run Out Of Steam On Friday
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1ч 22мин назад
Japan Data On Tap For Friday
Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.
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2ч 22мин назад
U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor
The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.
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3ч 9мин назад
