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DAX Rallies On Fed Pause Hopes
(RTTNews) - German stocks rose on Monday amid expectations of a pause from the U.S. Federal Reserve when it announces its interest rate decision on Wednesday.
Investors also await monetary policy announcements from the European Central Bank and the Bank of Japan this week.
The benchmark DAX was up 159 points, or 1 percent, at 16,109 after losing 0.3 percent on Friday.
Banks traded higher, with Commerzbank up nearly 2 percent and Deutsche Bank gaining over 1 percent as Euro zone short-dated government bond yields hovered around their recent highs.
Automakers BMW, Mercedes Benz and Volkswagen were up 1-2 percent.
Sportswear maker Adidas jumped 5.2 percent after Bernstein raised its rating on the stock to "outperform".
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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.
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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.
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1h 2minuter sedan
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.
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1h 17minuter sedan
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.
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1h 32minuter sedan
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.
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2h 32minuter sedan
Swiss Franc Advances Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
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European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
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Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
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