DAX Slides As Italy's Draghi Resigns

RTTNews | 1244天前
DAX Slides As Italy's Draghi Resigns

(RTTNews) - German stocks fell on Thursday after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank. A 25-bps hike is already priced in by markets.

The benchmark DAX slipped 110 points, or 0.8 percent, to 13,172 after declining 0.2 percent the previous day.

SAP tumbled 3.6 percent after the business software company lowered its 2022 profit outlook.

Sartorius soared 7.5 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extends the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 falling below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in mining and technology stocks.
RTTNews | 1小时23分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets trade mixed on Wednesday, following the mixed cues from Wall Street overnight, after the release of sluggish US jobs data failed to boost expectations for further interest rate cuts by the US Fed. Data showed stronger than expected job growth in November, but the increase followed a notable loss of jobs in October. Asian markets closed mostly lower on Tuesday.
RTTNews | 1小时29分钟前
Thai Stock Market May Extend Tuesday's Losses

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market on Tuesday ended the two-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it may take further damage on Wednesday.
RTTNews | 2小时50分钟前
Indonesia Shares Expected To Remain Rangebound

Indonesia Shares Expected To Remain Rangebound

The Indonesia stock market has alternated between positive and negative finishes through the last 10 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,690-point plateau although it's likely to hand back those gains on Wednesday.
RTTNews | 3小时20分钟前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 49,300 level, with weakness in exporters and a mixed performance across most other sectors.
RTTNews | 3小时33分钟前
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 740 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 25,230-point plateau although it may tick higher on Wednesday.
RTTNews | 3小时35分钟前