DAX Edges Higher As Investors Await GDP Data

RTTNews | 621天前
DAX Edges Higher As Investors Await GDP Data

(RTTNews) - German stocks were seeing modest gains on Tuesday ahead of fourth-quarter Gross Domestic Product (GDP) data for Germany and the Eurozone due out later in the day.

The benchmark DAX was up 40 points, or 0.2 percent, at 16,981 after ending flat with a negative bias the previous day.

In corporate news, shares of food delivery service Delivery Hero fell more than 8 percent. The company said it would sell a stake in Deliveroo as consumer demand wanes. MorphoSys advanced 1.6 percent. The biopharmaceutical company expects Monjuvi U.S. net product sales to be in the range of $80 million to $95 million for the year 2024, in line with its previous guidance.

Hapag-Lloyd plunged 8.6 percent. The container shipping company registered a significant decline in preliminary earnings for the full year, mainly due to lower freight rates attributable to normalization of global supply chains.

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Indonesia Shares Likely To Open Under Water On Monday

Indonesia Shares Likely To Open Under Water On Monday

The Indonesia stock market has moved higher in two straight sessions, collecting more than 90 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just beneath the 8,260-point plateau although it's overdue for profit taking on Monday.
RTTNews | 27分钟前
Hong Kong Shares Tipped To Open Under Pressure On Monday

Hong Kong Shares Tipped To Open Under Pressure On Monday

The Hong Kong stock market had moved lower in five straight sessions, shedding almost 1,000 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 26,290-point plateau and it may extend its slide on Monday.
RTTNews | 42分钟前
China Stock Market May Take Further Damage On Monday

China Stock Market May Take Further Damage On Monday

The China stock market on Friday snapped the three-day winning streak in which it had climbed more than 100 points or 2.6 percent. The Shanghai Composite Index now rests just beneath the 3,900-point plateau and it's tipped to open in the red again on Monday.
RTTNews | 57分钟前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably lower on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling a tad below the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | 59分钟前
Renewed Consolidation Likely For Taiwan Stock Market

Renewed Consolidation Likely For Taiwan Stock Market

Ahead of Friday's holiday for Double Tenth Day, the Taiwan stock market had moved higher again - one day after ending the five-day winning streak in which it had accelerated more than 1,630 points or 6.4 percent. The Taiwan Stock Exchange now sits just above the 27,300-point plateau although it may hand back those gains on Monday.
RTTNews | 1小时27分钟前
Singapore Stock Market May Extend Losing Streak

Singapore Stock Market May Extend Losing Streak

The Singapore stock market has finished lower in three straight sessions, sinking more than 45 points or 1 percent along the way. The Straits Times Index now sits just above the 4,425-point plateau and it may take further damage on Monday.
RTTNews | 1小时57分钟前
Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and the losses may accelerate on Monday.
RTTNews | 2小时27分钟前
South Korea Shares Due For Profit Taking

South Korea Shares Due For Profit Taking

The South Korea stock market has moved higher in three straight sessions, accelerating nearly 190 points or 5.3 percent in that span. Now at a fresh record closing high, the KOPSI sits just above the 3,610-point plateau although investors figure to lock in gains on Monday.
RTTNews | 2小时57分钟前