DAX Edges Higher In Lackluster Trade; BASF Shares Tumble

RTTNews | Pred 917 dňami
DAX Edges Higher In Lackluster Trade; BASF Shares Tumble

(RTTNews) - German stocks edged up slightly on Friday as data showed Germany's consumer sentiment is set to strengthen for the fifth month in a row in March amid lower energy prices.

The forward-looking Consumer Confidence Index for March rose to -30.5 points from a revised -33.8 points in February, the Nuremberg based GfK said. Economists had forecast a reading of -30.4.

However, separate data released by the statistical office Destatis revealed that the German economy shrank more than initially estimated in the fourth quarter of 2022.

Gross domestic product decreased 0.4 percent quarter-on-quarter, which was a more severe fall than the 0.2 percent estimated initially.

The benchmark DAX was up 30 points, or 0.2 percent, at 15,504 after rising half a percent in the previous session.

Chemical maker BASF slumped 4.4 percent after it slipped to a loss in the fourth quarter of 2022 and announced plans to sack 2,600 employees, around 2 percent of its workforce.

read more
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | Pred 1 h 37 min
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | Pred 2 h 6 min
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | Pred 3 h 12 min
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | Pred 3 h 29 min
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | Pred 3 h 42 min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | Pred 3 h 51 min