DAX Holds Steady Amid Earnings Deluge

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DAX Holds Steady Amid Earnings Deluge

(RTTNews) - German stocks were flat to slightly higher on Thursday as investors reacted to a slew of earnings results and looked forward to the release of U.S. GDP data later in the day for directional cues.

The benchmark DAX was marginally higher at 15,810 after losing half a percent in the previous session.

Automakers BMW, Mercedes Benz and Volkswagen were up around 1 percent each.

Deutsche Bank jumped 1.9 percent after profit hit its highest in a decade in the first quarter. Peer Commerzbank rose 1.5 percent.

Engine builder DEUTZ rallied 2.8 percent after sounding more confident about full-year results.

HelloFresh soared 6.3 percent after the meal-kit maker reported a smaller-than-expected decline in first-quarter core earnings.

Online takeaway food company Delivery Hero slumped 4.4 percent after its quarterly sales missed estimates.

BASF tumbled 3.6 percent after the chemicals giant maintained its profit forecast for 2023 and warned of great uncertainty in the global economy.

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European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
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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 Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
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Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
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Japanese Market Sharply Higher; Up 2%

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.
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Indonesia Stock Market May Be Stuck In Neutral On Tuesday

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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Renewed Consolidation Likely For Hong Kong Stock Market

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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