DAX Little Changed On Rate Worries

RTTNews | 903 dagar sedan
Stocktwits
DAX Little Changed On Rate Worries

(RTTNews) - German stocks were subdued on Wednesday after Fed Chair Jerome Powell warned of bigger rate hikes to fight inflation and sportswear firm Adidas slashed its dividend after swinging to a quarterly operating loss.

The benchmark DAX was marginally lower at 15,559 after losing 0.6 percent in the previous session.

Adidas fell 1.4 percent after posting disappointing 2022 results, reflecting geopolitical, macroeconomic and company-specific challenges.

Likewise, flavor and fragrance maker Symrise tumbled 3.3 percent after forecasting 2023 core profit margin slightly below market expectations.

Continental jumped more than 7 percent after flagging improved earnings and margins in 2023.

In economic releases, Germany's industrial production rebounded in January on strong growth in intermediate goods output, data from Destatis revealed.

Industrial production grew by more-than-expected 3.5 percent on a monthly basis, offsetting the revised 2.4 percent decline in December. Output was forecast to grow 1.4 percent.

Year-on-year, the decline in industrial output halved to 1.6 percent from 3.3 percent in the previous month.

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China Stock Market May Stop The Bleeding On Thursday

China Stock Market May Stop The Bleeding On Thursday

The China stock market has finished lower in two straight sessions, retreating more than 80 points or 2.1 percent along the way. The Shanghai Composite Index now sits just above the 3,800-point plateau although it's due for support on Thursday.
RTTNews | 29 minuter sedan
Taiwan Stock Market May Extend Winning Streak

Taiwan Stock Market May Extend Winning Streak

The Taiwan stock market has tracked higher in three straight sessions, gathering more than 750 points or 3.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 24,520-point plateau and it may add to its winnings again on Thursday.
RTTNews | 59 minuter sedan
Singapore Stock Market May Extend Wednesday's Gains

Singapore Stock Market May Extend Wednesday's Gains

The Singapore stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,245-point plateau and it may pick up steam on Thursday.
RTTNews | 1h 29minuter sedan
Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
RTTNews | 1h 59minuter sedan
Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 2h 14minuter sedan
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.
RTTNews | 2h 29minuter sedan
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 3h 29minuter sedan
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