DAX Rallies Ahead Of Lagarde Speech

RTTNews | hace 740
DAX Rallies Ahead Of Lagarde Speech

(RTTNews) - German stocks rallied on Thursday, as investors reacted to dovish comments from Federal Reserve Chair Jerome Powell and awaited interest-rate decisions from the European Central Bank and the Bank of England later in the day.

Both central banks are expected to raise rates by 50 basis points and ECB President Lagarde's press conference will be the key driver for markets.

The benchmark DAX climbed 203 points, or 1.3 percent, to 15,384 after gaining 0.4 percent the previous day.

Lender Deutsche Bank slumped 5 percent after its pre-tax profit came in below expectations.

Semiconductor manufacturer Infineon jumped 5 percent after posting higher profit and revenue for its first quarter. Medical device maker Siemens Healthineers gained 4.4 percent after confirming its guidance full-year revenue growth.

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Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Tuesday ended 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 21,300-point plateau and it's looking at a steady start for Wednesday's trade.
RTTNews | hace 5h 5min
Slightly Higher Open Called For China Stock Market

Slightly Higher Open Called For China Stock Market

The China stock market on Tuesday snapped 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 3,320-point plateau and it may find renewed if modest support on Wednesday.
RTTNews | hace 5h 20min
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are slightly higher in choppy trading on Wednesday after opening in the red, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving up to stay a tad below the 8,500 level, following the mixed cues from Wall Street overnight, with gains in energy stocks nearly offset by weakness in mining and technology stocks.
RTTNews | hace 5h 27min
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market bounced higher again on Tuesday, one session after ending 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 although it may be stuck in neutral on Wednesday.
RTTNews | hace 5h 50min
Steady Start Eyed For Singapore Stock Market

Steady Start Eyed For Singapore Stock Market

The Singapore stock market on Tuesday snapped the three-day losing streak in which it had advanced almost 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,860-point plateau and it's likely to tick higher again on Wednesday.
RTTNews | hace 6h 20min
TSX Ends Marginally Down

TSX Ends Marginally Down

After a weak start and a subsequent sharp drop, the Canadian market briefly emerged into positive territory by noon on Tuesday, but retreated a bit and stayed sluggish thereafter and eventually settled marginally down.
RTTNews | hace 6h 38min
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

Ahead of Tuesday's holiday for Thaipusam, the Malaysia stock market had ended the four-day winning streak in which it had advanced more than 35 points or 2.3 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,590-point plateau although it may bounce higher again on Wednesday.
RTTNews | hace 6h 50min
Japan Stock Market May Return To The Upside

Japan Stock Market May Return To The Upside

Ahead of Tuesday's holiday for National Foundation Day, the Japanese stock market had bounced higher again - one session after ending the three-day winning streak in which it had climbed almost 550 points or 1.4 percent. The Nikkei 225 now sits just above the 38,780-point plateau and it may add to its winnings on Wednesday.
RTTNews | hace 7h 5min