DAX Holds Steady On China Growth Optimism

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DAX Holds Steady On China Growth Optimism

(RTTNews) - German stocks were steady on Tuesday after China's premier said economic growth is accelerating and policymakers will take steps to boost demand.

China's GDP growth in the second quarter is likely to be higher than the first and could reach the annual economic growth target of around 5 percent, Chinese Premier Li Qiang said while addressing a World Economic Forum summit in Tianjin.

The benchmark DAX was marginally higher at 15,819 after finishing 0.1 percent lower on Monday.

Banks Commerzbank and Deutsche Bank were up 1.4 percent and 0.8 percent, respectively.

Automobile Major Porsche Automobil Holding SE fell over 1 percent.

The company has signed a 5-year revolving credit facility of 2.5 billion euros with a view to further strengthening Porsche's liquidity position.

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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty Deep In The Red On Tariff Worries

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | 2h 20minuter sedan
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
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Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
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Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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