DAX Rises On Powell Comments

RTTNews | Před 735 dny
DAX Rises On Powell Comments

(RTTNews) - German stocks were seeing modest gains on Wednesday after Federal Reserve Chair Jerome Powell said that "disinflation has begun" but is going to take time.

The benchmark DAX rose 72 points, or half a percent, to 15,393 after declining 0.2 percent on Tuesday.

Tech stocks traded higher, with Infineon rising 1 percent.

Utility E. ON advanced 1.7 percent after saying it likely exceeded its own profit outlook in 2022.

Siemens Energy gained 1.2 percent, a day after lowering guidance for 2023.

Reinsurer Hannover Re rose 1.2 percent despite reporting renewed premium volume slightly below the previous year.

Asian stocks ended on a mixed note earlier today as lingering U.S.-China tensions offset investor optimism over an easing of U.S. rate hikes.

U.S. stock futures dipped slightly after President Joe Biden called for a new minimum tax targeting billionaires in his State of the Union address Tuesday night.

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Thai Shares Expected To Return To The Downside

Thai Shares Expected To Return To The Downside

Ahead of Wednesday's holiday for Makha Bucha Day, the Thai stock market had moved higher in two of three trading days since the end of the seven-day losing streak in which it had plummeted more than 85 points or 6.3 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau and it figures to open under pressure on Thursday.
RTTNews | Před 5 h 3 min
Little Movement Expected For Indonesia Stock Market

Little Movement Expected For Indonesia Stock Market

The Indonesia stock market on Wednesday ended the five-day losing streak in which it had plummeted more than 540 points or 7.9 percent. The Jakarta Composite Index now sits just beneath the 6,650-point plateau and it's expected to remain in that neighborhood again on Thursday.
RTTNews | Před 5 h 33 min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,400 level, with gains across most sectors led by most index heavyweights and financial stocks.
RTTNews | Před 5 h 37 min
Overbought Hang Seng Tipped To Open In The Red

Overbought Hang Seng Tipped To Open In The Red

The Hong Kong stock market rebounded hard on Wednesday, one day after snapping the three-day winning streak in which it had rallied more than 820 points or 3.9 percent. The Hang Seng Index now rests just beneath the 21,860-point plateau although it's looking at a soft start on Thursday.
RTTNews | Před 5 h 48 min
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | Před 6 h 2 min
Lower Open Called For China Stock Market

Lower Open Called For China Stock Market

The China stock market bounced higher again on Wednesday, one day after snapping the three-day winning streak in which it had improved almost 90 points or 2.8 percent. The Shanghai Composite Index now rests just beneath the 3,350-point plateau although it may open in the red on Thursday.
RTTNews | Před 6 h 3 min
Taiwan Stock Market May See Continued Consolidation

Taiwan Stock Market May See Continued Consolidation

The Taiwan stock market has moved lower in two of three trading days since the end of the four-day winning streak in which it had spiked more than 760 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 23,380-point plateau and it may take further damage on Thursday.
RTTNews | Před 6 h 33 min