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DAX Extends Losses As Risk Aversion Intensifies
(RTTNews) - German stocks fell notably on Friday, reflecting a risk-averse environment amid concerns over rising bond yields and the escalation of the Israel-Hamas conflict.
U.S. Treasury yields continued to rise in the wake of Fed Chair Jerome Powell's cautious comments on interest rates and President Joe Biden announcement that he would ask Congress for funding to aid Israel.
Israeli defense minister has ordered ground troops to prepare to see Gaza "from the inside", though he didn't indicate when the ground assault would begin.
The benchmark DAX was down 108 points, or 0.7 percent, at 14,936 after declining 0.3 percent in the previous session.
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European Economic News Preview: German Factory Orders Data Due
Factory orders from Germany and final purchasing managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Orders are forecast to grow 0.9 percent on a monthly basis in September, a turnaround from the 0.8 percent drop in August.
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1 ชม. 19 นาทีที่ผ่านมา
China Services Activity Expands On New Business
China's service sector continued to grow in October as new business growth accelerated despite a fall in export sales, survey data published by S&P Global showed on Wednesday. The headline RatingDog service Purchasing Managers' Index fell to 52.6 in October from 52.9 in September. Although the growth was the softest in three months, the sector extended the current period of expansion.
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2 ชม. 5 นาทีที่ผ่านมา
European Shares Set To Follow Wall Street Lower On Tech Valuation Concerns
European stocks may open lower on Wednesday as investors fret about a weakening U.S. economy and highly elevated valuations for many artificial intelligence companies.
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2 ชม. 16 นาทีที่ผ่านมา
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
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4 ชม. 27 นาทีที่ผ่านมา
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.
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4 ชม. 45 นาทีที่ผ่านมา
Indian Markets Closed For Guru Nanak Jayanti
Indian markets remain closed today for a public holiday in observance of Guru Nanak Jayanti.
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5 ชม. 22 นาทีที่ผ่านมา
No Help Yet For Thai Stock Market
The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
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5 ชม. 52 นาทีที่ผ่านมา
Indonesia Shares Tipped To Open In The Red
The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
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6 ชม. 22 นาทีที่ผ่านมา
