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DAX Rises On US Rate Cut Optimism
(RTTNews) - German stocks rose notably on Friday after overnight data showed a sharp rise in U.S. weekly jobless claims, stoking optimism the Federal Reserve will start cutting interest rates this year.
The dollar and bond yields dipped, reflecting investors' expectations that the Fed may cut interest rates in September or November.
Markets now eagerly await next week's April U.S. producer price index (PPI) and the consumer price index (CPI) for signs that inflation has resumed its downward trend towards the Fed's 2 percent target rate.
The benchmark DAX was up 129 points, or 0.7 percent, at 18,815 after rallying 1 percent the previous day.
Online retailer Zalando jumped over 3 percent as Berenberg upgraded its rating on the stock to "buy" from "hold."
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Australian Market Doubles Early Losses In Mid-market
The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
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1 ชม. 9 นาทีที่ผ่านมา
Asian Markets Track Wall Street Lower
Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
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1 ชม. 26 นาทีที่ผ่านมา
Sensex, Nifty Seen Lower On Weak Global Cues
Indian shares may open a tad lower on Wednesday, tracking weak cues from global markets and amid renewed trade tensions with the United States.
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1 ชม. 47 นาทีที่ผ่านมา
Losing Streak May Continue For Thai Stock Market
The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
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2 ชม. 34 นาทีที่ผ่านมา
Japanese Market Modestly Lower
The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
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2 ชม. 59 นาทีที่ผ่านมา
Indonesia Stock Market May Be Stuck In Neutral On Wednesday
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Wednesday.
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3 ชม. 4 นาทีที่ผ่านมา
Lower Open Expected For Hong Kong Stock Market
The Hong Kong stock market has finished lower in two straight sessions, shedding almost 400 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 26,160-point plateau and it's tipped open under pressure again on Wednesday.
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3 ชม. 19 นาทีที่ผ่านมา
Australian Market Notably Lower
Australian shares are trading notably lower on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,000 mark, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
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3 ชม. 29 นาทีที่ผ่านมา
