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DAX Slides As Banks Drag Amid Russian Turmoil

RTTNews | 790 dagar sedan

DAX Slides As Banks Drag Amid Russian Turmoil

(RTTNews) - German stocks traded lower on Monday as investors reacted to signs of political instability in Russia and the latest German business sentiment reading for June.

The headline German IFO Business Climate Index fell to 88.5 in June from 91.5 in May (revised from 91.7) reflecting weakness in the manufacturing sector, according to data from the Ifo Institute. Analysts expected a score of 90.7.

The benchmark DAX was down 67 points, or 0.4 percent, at 15,762 after losing 1 percent on Friday.

The euro was seeing sideways movement after two consecutive sessions of declines. Automaker BMW dropped 1 percent, Mercedes-Benz shares fell 1.3 percent and Volkswagen was down half a percent.

Banks Commerzbank and Deutsche Bank were down 3.3 percent and 1.8 percent, respectively.

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Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 23,760-point plateau, although it's likely to bounce higher again on Monday.

RTTNews | 10 minuter sedan

Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.

RTTNews | 40 minuter sedan

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

The Malaysia stock market has moved higher in two straight sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 1h 10minuter sedan

Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japan stock market on Friday halted the three-day losing streak in which it had stumbled more than 1,100 points or 2.7 percent. The Nikkei 225 now rests just above the 42,630-point plateau and it's expected to see additional support on Monday.

RTTNews | 1h 26minuter sedan

South Korea Bourse May Challenge 3,200-Point Mark

South Korea Bourse May Challenge 3,200-Point Mark

The South Korea stock market has tracked higher in back-to-back sessions, collecting almost 40 points or 1.3 percent along the way. The KOSPI now sits just shy of the 3,170-point plateau and it's tipped to open in the green again on Monday.

RTTNews | 1h 29minuter sedan

New Zealand Retail Sales Climb 0.5% In Q2

New Zealand Retail Sales Climb 0.5% In Q2

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.

RTTNews | 1h 47minuter sedan

New Zealand Retail Sales Data Due On Monday

New Zealand Retail Sales Data Due On Monday

New Zealand will on Monday release Q2 numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. Sales are expected to add 0.1 percent on quarter, easing from 0.8 percent in the three months prior.

RTTNews | 2h 40minuter sedan

U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.

RTTNews | 2 dagar sedan

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