DAX Modestly Higher As Investors Await Vote On Spending Plan

RTTNews | 161天前

(RTTNews) - German stocks are modestly higher on Monday on selective buying as investors await a vote on the spending plan that would help create a 500 billion euro infrastructure investment fund.

It is expected that the CDU/CSU bloc, led by Friedrich Merz, will secure the necessary votes for the constitutional amendments that would pave the way for the reform measure.

Investors are also awaiting the Federal Reserve's monetary policy announcement this week. Bank of England and the Bank of Japan are also scheduled to make their monetary policy announcements this week.

The benchmark DAX, which climbed to 23,076.93 earlier in the session, was up 65.40 points or 0.29% at 23,004.79 a little while ago.

Brenntag is up 2.5%, Fresenius is rising 2.1%, Puma is gaining 2.3%, Volkswagen is up nearly 2% and Porsche is gaining 1.8%, Commerzbank is advancing 1.4% and Bayer is rising about 1.3%.

Siemens Energy, BMW, MTU Aero Engines, Heidelberg Materials, Continental, E.ON., Fresenius, Qiagen and Sartorius are up 0.5 to 1%.

Symrise is declining 1.5%. Infineon, Adidas and Beiersdorf are down 1 to 1.25%. Deutsche Post, Vonovia and Zalando are lower by 0.5 to 0.7%.

The yield on Germany's 10-year Bund fell to 2.885% this morning, before edging up to 2.883%. The yield on 10-year Bund had risen to 2.9% last week, the highest level since 2011.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 50分钟前

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1小时11分钟前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1小时42分钟前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小时22分钟前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2小时49分钟前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小时52分钟前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3小时7分钟前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3小时9分钟前

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