DAX Edges Lower In Lackluster Trade; Deutsche Bank Shares Up 7%

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DAX Edges Lower In Lackluster Trade; Deutsche Bank Shares Up 7%

(RTTNews) - German stocks fell slightly on Wednesday, as investors digested the latest set of earnings reports and kept a wary eye on the situation in the Middle East amidst reports of an imminent ground invasion of Gaza by Israel.

Meanwhile, a survey showed earlier today that German business morale improved more than expected in October, following five consecutive months of decline.

The headline IFO Business Climate Index came in at 86.9 in October, up from the previous month's reading of 85.7.

The benchmark DAX was down 24 points, or 0.2 percent, at 14,856 after rising half a percent in the previous session.

Frankfurt-listed shares of Alphabet plunged 7 percent after revenue from Google's Cloud division missed estimates.

Microsoft rallied 3.2 percent after beating Wall Street estimates in all segments.

Deutsche Bank soared 7 percent as the lender flagged dividends and buybacks over the next two years after posting better-than-expected third-quarter profit.

Nivea maker Beiersdorf AG rose 1.3 percent after raising its full-year sales guidance.

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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
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Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
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Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
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Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
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Indonesia Stock Market May Head South Again On Thursday

Indonesia Stock Market May Head South Again On Thursday

The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
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Lower Open Anticipated For Hong Kong Shares

Lower Open Anticipated For Hong Kong Shares

The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
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