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DAX Edges Higher In Cautious Trade

RTTNews | 904 दिनों पहले

DAX Edges Higher In Cautious Trade

(RTTNews) - German stocks edged up slightly on Tuesday, as investors snapped up bargains following a bruising selloff the previous day on concerns about high inflation and aggressive policy tightening by central banks.

German consumer price inflation accelerated to a record high in May, as initially estimated, driven by higher energy prices, final data from Destatis showed earlier today.

Consumer price inflation rose to 7.9 percent in May from 7.4 percent in April. The rate came in line with the flash estimate published on May 30.

Another report from Destatis showed that wholesale price inflation moderated from a record high in May. Nonetheless, wholesale prices logged a strong double-digit growth of 22.9 percent annually after rising 23.8 percent in April.

The benchmark DAX inched up 0.2 percent 13,450 after losing 2.4 percent in the previous session.

Banks topped the gainers list, with Commerzbank rising 1.3 percent and Deutsche Bank adding 1.1 percent.

Drug discovery and development company Evotec edged up slightly after entering into a collaboration with Janssen Pharmaceutica NV.

Business software group SAP rose half a percent after U.S. firm Oracle Corp exceeded estimates on the top and bottom lines for its fiscal fourth quarter.

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Sensex, Nifty To Open On Muted Note Despite Powell's Upbeat Comments

Sensex, Nifty To Open On Muted Note Despite Powell's Upbeat Comments

Indian shares are likely to open on a muted note Thursday despite Fed Chair Jerome Powel's upbeat comments on the world's largest economy and FIIs remaining net buyers of Indian equities for the second straight session.

RTTNews | 5घंटे 12 मिनट पहले

Japanese Market Significantly Higher

Japanese Market Significantly Higher

Adding to the gains in the previous three sessions, the Japanese market is significantly higher on Thursday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,500 level, with gains across most sectors led by index heavyweights, exporters and technology stocks, partially offset by weakness in automakers.

RTTNews | 5घंटे 22 मिनट पहले

Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has climbed higher in back-to-back sessions, gathering almost 280 points or 3 percent in that span. The Jakarta Composite Index now sits just above the 7,325-point plateau and it may add to its winnings on Thursday.

RTTNews | 6घंटे 8 मिनट पहले

Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to just below the 8,500 level, with gains in gold miners, technology and financial stocks partially offset by weakness in iron miners and energy stocks.

RTTNews | 6घंटे 12 मिनट पहले

Hong Kong Shares May Bounce Higher On Thursday

Hong Kong Shares May Bounce Higher On Thursday

The Hong Kong stock market on Wednesday ended the three-day winning streak in which it had collected almost 380 points or 2 percent. The Hang Seng Index now sits just above the 19,740-point plateau although it may find renewed support on Thursday.

RTTNews | 6घंटे 23 मिनट पहले

Rebound Anticipated For China Stock Market

Rebound Anticipated For China Stock Market

The China stock market on Wednesday snapped the three-day winning streak in which it had advanced almost 85 points or 2.6. The Shanghai Composite now sits just beneath the 3,365-point plateau although it may bounce higher again on Thursday.

RTTNews | 6घंटे 38 मिनट पहले

Australia October Trade Surplus A$5.953 Billion

Australia October Trade Surplus A$5.953 Billion

Australia posted a seasonally adjusted merchandise trade surplus of A$5.953 billion in October, the Australian Bureau of Statistics said on Thursday.

RTTNews | 6घंटे 54 मिनट पहले

Higher Open Anticipated For Taiwan Stock Market

Higher Open Anticipated For Taiwan Stock Market

The Taiwan stock market has tracked higher in three straight sessions, improving almost 1,000 points or 4.3 percent in that span. The Taiwan Stock Exchange now rests just above the 23,250-point plateau and it may move to the upside again on Thursday.

RTTNews | 7घंटे 8 मिनट पहले

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