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DAX Rallies On Fed Pause Hopes
(RTTNews) - German stocks rose on Monday amid expectations of a pause from the U.S. Federal Reserve when it announces its interest rate decision on Wednesday.
Investors also await monetary policy announcements from the European Central Bank and the Bank of Japan this week.
The benchmark DAX was up 159 points, or 1 percent, at 16,109 after losing 0.3 percent on Friday.
Banks traded higher, with Commerzbank up nearly 2 percent and Deutsche Bank gaining over 1 percent as Euro zone short-dated government bond yields hovered around their recent highs.
Automakers BMW, Mercedes Benz and Volkswagen were up 1-2 percent.
Sportswear maker Adidas jumped 5.2 percent after Bernstein raised its rating on the stock to "outperform".
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Mild Upside Seen For Thai Stock Market
The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
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1小时7分钟前
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
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1小时26分钟前
Indonesia Shares May Reverse Tuesday's Losses
The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again 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.
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1小时37分钟前
Australian Market Modestly Higher
Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
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1小时43分钟前
Hong Kong Shares Expected To Open To The Upside
The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
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1小时52分钟前
Higher Open Called For China Stock Market
The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
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2小时7分钟前
Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
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2小时37分钟前
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.
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3小时7分钟前
