DAX Slips On Inflation Concerns

RTTNews | 716天前
DAX Slips On Inflation Concerns

(RTTNews) - German stocks fell on Wednesday and bond yields jumped after data showed the consumer price index in the bellwether state of North Rhine-Westphalia rose by 5.9 % year-on-year in August from 5.8 percent in July.

A measure of German import prices saw the sharpest drop since January 1987 in July, offering some relief.

Meanwhile, the consumer confidence indicator in the Euro Area has been confirmed at -16 in August 2023, down from -15.1 in July.

The benchmark DAX was down 46 points, or 0.3 percent, at 15,884 after climbing 0.9 percent in the previous session.

Media, services and education company Bertelsmann gained 1.3 percent after sounding optimistic about the business performance in 2023.

Delivery Hero shares slumped 6.6 percent after the online food delivery service reported net and operating losses for the first half.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews | 4小时14分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
RTTNews | 4小时49分钟前
Lower Open Predicted For Thai Stock Market

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.
RTTNews | 5小时36分钟前
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
RTTNews | 5小时52分钟前
Indonesia Bourse Due For Consolidation On Friday

Indonesia Bourse Due For Consolidation On Friday

The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.
RTTNews | 6小时6分钟前