DAX Drifts Lower As Fed Flags Slower Rate Cuts

RTTNews | 82 dias atrás
DAX Drifts Lower As Fed Flags Slower Rate Cuts

(RTTNews) - German stocks drifted lower on Thursday after the Federal Reserve signalled a slower pace of interest rate cuts next year, citing inflation risks.

The benchmark DAX was down 156 points, or 0.8 percent, at 20,086 after finishing marginally lower the previous day.

Perfume and cosmetics maker Douglas Holding AG tumbled 4 percent despite reporting a turnaround to net profit for the fourth quarter.

BMW fell slightly and Mercedes Benz was little changed as industry data showed new car sales in the EU decreased in November after rebounding in the previous month.

New car registrations dropped 1.9 percent year-over-year to 869,816 units in November, reversing a 1.1 percent rise in October, according to the European Automobile Manufacturers' Association.

Volkswagen edged up slightly amid ongoing talks with labor leaders over German plant closures and pay cuts.

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Hong Kong Shares May Open Under Water On Wednesday

Hong Kong Shares May Open Under Water On Wednesday

The Hong Kong stock market has moved lower in three straight trading days, stumbling almost 600 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 23,780-point plateau and the losses may accelerate on Wednesday.
RTTNews | 4h 9min atrás
China Stock Market May Head South Again On Wednesday

China Stock Market May Head South Again On Wednesday

The China stock market on Tuesday ended the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just beneath the 3,380-point plateau although it's expected to turn lower again.
RTTNews | 4h 24min atrás
Australian Market Sharply Lower

Australian Market Sharply Lower

Australian shares are trading sharply lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by iron ore miners and financial stocks. Gold stocks were the only bright spot.
RTTNews | 4h 25min atrás
Oversold Taiwan Bourse Called Lower Again

Oversold Taiwan Bourse Called Lower Again

The Taiwan stock market has finished lower in four straight sessions, shedding almost 800 points or 3.6 percent in that span. The Taiwan Stock Exchange now sits just above the 22,070-point plateau and it figures to open under water again on Wednesday.
RTTNews | 4h 54min atrás
Losing Streak May Continue For Singapore Stock Market

Losing Streak May Continue For Singapore Stock Market

The Singapore stock market has tracked lower in three straight sessions, sinking almost 100 points or 2.5 percent along the way. The Straits Time Index now sits just above the 3,825-point plateau and it may open under water again on Wednesday.
RTTNews | 5h 24min atrás
Malaysia Bourse May Test Support At 1,500 Points

Malaysia Bourse May Test Support At 1,500 Points

The Malaysia stock market has tracked lower in four straight sessions, slumping more than 45 points or 3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,520-point plateau and it may open under pressure again on Wednesday.
RTTNews | 5h 54min atrás
Japan Shares May Open In The Red On Wednesday

Japan Shares May Open In The Red On Wednesday

The Japanese stock market has finished lower in two of three sessions since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,800-point plateau and it may extend its losses on Wednesday.
RTTNews | 6h 9min atrás