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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were steady on Wednesday as investors reacted to mixed manufacturing data from China and awaited the Federal Reserve's interest-rate decision later in the day for direction.
The benchmark DAX was up 0.1 percent at 15,144 after ending marginally higher the previous day.
Hannover Re shares slumped 4.3 percent. In order to take account of the growth in the property and casualty reinsurance portfolio and the increased loss expectation from natural catastrophes, the reinsurer has increased its net major-loss budget for 2023 to 1.725 billion euros.
Software AG plunged 13 percent. The company reported that, on an organic basis, EBIT was 43.1 million euros in the fourth quarter compared to 32.2 million euros, prior year.
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Additional Upside Seen For Singapore Stock Market
The Singapore stock market has moved higher in back-to-back sessions, advancing almost 40 points or 1.1 percent along the way. The Straits Times Index now sits just above the 3,845-point plateau and it's likely to open to the upside again on Monday.
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31 dakika önce
Malaysia Stock Market May Extend Winning Streak
The Malaysia stock market has moved higher in two straight sessions, collecting more than 25 points or 1.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it may add to its winnings again on Monday.
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1s 1 dakika önce
Indonesia GDP Data Due On Monday
Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
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2s 1 dakika önce
U.S. Dollar Recovers After Jobs Data
The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.
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2 gün önce
Swiss Market Ends On Bright Note
The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
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2 gün önce
European Stocks Close On Buoyant Note
European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
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2 gün önce
Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States.
Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
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2 gün önce
U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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2 gün önce
