DAX Inches Higher Ahead Of Business Confidence Data
(RTTNews) - German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
In economic releases, investors await producer price inflation data for November and business sentiment survey results later in the day for further direction.
The ifo Institute's business sentiment index is forecast to rise to 87.4 from 86.3 in the previous month.
The benchmark DAX was up 73 points, or half a percent, at 13,966 after losing 0.7 percent on Friday.
Banks traded mixed, with Deutsche Bank rising more than 1 percent while Commerzbank shares were marginally lower.
Freenet AG jumped nearly 4 percent after Deutsche Bank raised its rating on the stock.
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Lower Open Predicted For Taiwan Stock Market
The Taiwan stock market on Monday ended the five-day winning streak in which it had surged more than 1,000 points or 4.5 percent. The Taiwan Stock Exchange now rests just beneath the 22,700-point plateau and it's likely to open under water again on Tuesday.
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5h 24min ago
Japan Monetary Base Slumps 2.5% On Year In January
The monetary vase in Japan was down 2.5 percent on year in January, the Ban of Japan said on Tuesday - coming in at 651.107 trillion yen.
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5h 39min ago
Singapore Bourse May Extend Monday's Losses
The Singapore stock market on Monday snapped the two-day winning streak in which it had collected almost 60 points or 1.6 percent. The Straits Times Index now sits just above the 3,825-point plateau and it's looking at another soft start again on Tuesday.
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5h 54min ago
Malaysia Stock Market Tipped To Open In The Red
The Malaysia stock market headed south again on Monday, one session after ending the four-day losing streak in which it had retreated more than 35 points or 2.1 percent. The Kuala Lumpur Composite Index now rests just above the 1,550-point plateau and the losses may accelerate on Tuesday.
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6h 24min ago
Soft Start Called For Oversold Japan Stock Market
The Japanese stock market on Monday ended the three-day winning streak in which it had gained almost 550 points or 1.4 percent. The Nikkei 225 now sits just above the 38,520-point plateau
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6h 39min ago
Losing Streak May Continue For South Korea Shares
The South Korea stock market has finished lower in back-to-back sessions, stumbling more than 80 points or 3.1 percent in that span. The KOSPI now rests just above the 2,450-point plateau and it figures to open in the red again on Tuesday.
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6h 59min ago
TSX Recovers From Day's Lows, But Still Ends 1.1% Down
The Canadian market suffered a severe setback in early trades on Monday following a big sell-off as U.S. President Donald Trump slapped a 25% import tariff on all Canadian goods except energy products.
Despite coming off early lows, the market ended the day's session on a weak note.
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7h 17min ago
Japan Monetary Base Data Due On Tuesday
Japan will on Monday release January numbers for monetary base, highlighting a light day for Asia-Pacific economic activity.
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7h 24min ago
