DAX Recovers From Early Setback, Down Marginally In Cautious Trade

RTTNews | 160 gün önce

(RTTNews) - After closing the previous session on a firm note following the passage of a massive spending plan, German stocks are mostly subdued on Wednesday as investors await the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates unchanged. The post-meeting statement and economic projections from Fed Chair Jerome Powell are eyed for clarity on how fresh tariffs by the Trump Administration may impact prices and economic activity.

Investors are also looking ahead to the policy announcement from the Bank of England on Thursday.

The benchmark DAX, which dropped to 23,215.44 in early trades, was down 33.13 points or 0.14% at 23,360.10 a little while ago.

Vonovia is declining by about 1.5%. The private residential real estate company said that its fiscal 2024 net loss narrowed significantly from last year with growth in revenues. In fiscal 2024, net loss attributable to Vonovia's shareholders was 896.0 million euros, compared to prior year's loss of 6.29 billion euros. Loss per share was 1.09 euros, compared to loss of 7.80 euros a year ago.

Looking ahead, for fiscal 2025, the company expects to report adjusted EBITDA of between 2.70 billion euros and 2.80 billion euros, and adjusted EBT between 1.75 billion euros and 1.85 billion euros.

Rheinmetall is down more than 2%. BASF, Brenntag, Sartorius, Bayer, BMW, Daimler Truck Holding and Mercedes-Benz are down 1 to 1.6%.

Fresenius Medical Care, Volkswagen, Porsche, Symrise, Deutsche Bank, Siemens and Continental are lower by 0.5 to 0.9%.

Heidelberg Materials is climbing up nearly 2%. Deutsche Boerse is up 1.1%, while Adidas, Commerzbank, Fresenius, Siemens Energy, Deutsche Post and Munich Re are up 0.3 to 0.7%.

Data from Statistics Canada showed the Euro area's consumer price inflation rate eased to 2.3% in February, slightly below the preliminary estimate of 2.4% and down from a six-month high of 2.5% in January. The CPI rose 0.4% month-over-month in February 2025, slightly below 0.5% in the preliminary estimate, and compared to a 0.3% fall in January.

Core consumer prices in the Euro Area increased 2.6% in February over the same month in the previous year.

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 34 dakika önce

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-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 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 1s 4 dakika önce

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 1s 19 dakika önce

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 1s 34 dakika önce

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2s 34 dakika önce

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3s 47 dakika önce

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 6s 8 dakika önce

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 6s 26 dakika önce

EURUSD	1.16377	GBPUSD	1.34757	AUDUSD	0.64948
USDJPY	147.448	USDCAD	1.38319	USDCHF	0.80388