DAX Dips Ahead Of Powell's Speech

RTTNews | 1030 วันที่ผ่านมา
DAX Dips Ahead Of Powell's Speech

(RTTNews) - German stocks were moving lower on Tuesday after two Federal Reserve officials said the fed funds rate will need to surpass 5 percent in order to get inflation under control.

Investors looked ahead to Fed Chair Jerome Powell's speech later in the day for additional clues on the economic and rate outlook.

The benchmark DAX slipped 41 points, or 0.3 percent, to 14,752 after rallying 1.3 percent the previous day.

Rate-sensitive tech stocks dropped, with Infineon Technologies falling 1.3 percent. Zalando, which operates an online platform for fashion and lifestyle products, traded around 6 percent lower, leading losses.

Banks fell, with Deutsche Bank losing 0.6 percent.

Adidas, BASF, Covestro, Fresenius, Merck and Siemens Energy were down 1-2 percent.

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Japan Services PMI Eases To 53.1 In October - Jibun

Japan Services PMI Eases To 53.1 In October - Jibun

The services sector in Japan continued to expand in October, albeit at a slightly slower pace, the latest survey from Jibun Bank revealed on Thursday with a services PMI score of 53.1.
RTTNews | 1 ชม. 18 นาทีที่ผ่านมา
Taiwan Bourse Due For Support On Thursday

Taiwan Bourse Due For Support On Thursday

The Taiwan stock market has finished lower in back-to-back sessions, stumbling more than 640 points or 2.3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 27,720-point plateau although it may stop the bleeding on Thursday.
RTTNews | 1 ชม. 23 นาทีที่ผ่านมา
Singapore Shares May Find Traction On Thursday

Singapore Shares May Find Traction On Thursday

The Singapore stock market has moved lower in two straight sessions, slumping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 4,420-point plateau although it may find support on Thursday.
RTTNews | 1 ชม. 53 นาทีที่ผ่านมา
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

The Malaysia stock market on Wednesday snapped the two-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 1,620-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 2 ชม. 23 นาทีที่ผ่านมา
Canadian Dollar Drops Against Most Majors

Canadian Dollar Drops Against Most Majors

The Canadian dollar fell against its most major counterparts in the New York session on Wednesday.
RTTNews | 2 ชม. 36 นาทีที่ผ่านมา
Bargain Hunting Likely To Boost Japan Stock Market

Bargain Hunting Likely To Boost Japan Stock Market

The Japan stock market has moved lower in consecutive trading days, plunging nearly 2,200 points or 4.2 percent in that span. The Nikkei 225 now rests just beneath the 50,200-point plateau although it's likely to open in the green on Thursday.
RTTNews | 2 ชม. 38 นาทีที่ผ่านมา
Steady Start Seen For KOSPI

Steady Start Seen For KOSPI

The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.
RTTNews | 2 ชม. 53 นาทีที่ผ่านมา