DAX Rebounds As Credit Suisse Gets Lifeline
(RTTNews) - German stocks rebounded on Thursday, with banks leading the surge after Credit Suisse Group AG said it would borrow up to 50 billion Swiss Francs or around $53.7 billion from the Swiss National Bank to pre-emptively strengthen its liquidity.
Investors also awaited a European Central Bank rate decision later in the day.
The benchmark DAX was up 178 points, or 1.2 percent, at 14,910 after tumbling 3.3 percent the previous day.
Lender Commerzbank jumped 4 percent and Deutsche Bank added 2.5 percent after recent heavy losses.
Energy firm Siemens Energy advanced 1.5 percent after announcing a capital increase.
DEUTZ lost almost 4 percent despite more than doubling its FY22 adjusted EBIT.
read more
Sensex, Nifty Lack Direction; Financials Surge
Indian shares struggled for direction in early trade on Thursday due to prevailing uncertainty over U.S. President Donald Trump's trade policies and ongoing FII selling.
RTTNews
|
5h 43min ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as concerns over a global trade war reignited after US President Donald Trump's latest tariff announcements. He newly indicated plans for 25 percent "reciprocal" tariffs on European autos and other goods. Asian Markets closed mixed on Wednesday.
RTTNews
|
6h 57min ago
Australian Market Trims Early Gains In Mid-market
The Australian market in trimming its early gains in mid-market moves on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews
|
7h 36min ago
Sensex, Nifty Set For Weak Start As Tariff Worries Persist
Indian shares look set for a muted start on Thursday due to prevailing uncertainty over U.S. President Donald Trump's trade policies and ongoing FII selling.
RTTNews
|
7h 50min ago
Japanese Market Modestly Higher
The Japanese market is trading modestly higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,200 level, with gains across most sectors led by index heavyweights and financial stocks.
RTTNews
|
8h 41min ago
Little Movement Seen For Indonesia Stock Market
The Indonesia stock market on Wednesday snapped the two-day losing streak in which it had stumbled more than 215 points or 3.2 percent. The Jakarta Composite Index now sits just above the 6,600-point plateau and it's expected to remain in that neighborhood again on Thursday.
RTTNews
|
8h 53min ago
Australian Market Notably Higher
The Australian market is trading notably higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by mining stocks.
RTTNews
|
9h 2min ago
Steady Start Eyed For Hong Kong Stock Market
The Hong Kong stock market on Wednesday snaped the two-day losing streak in which it had tumbled almost 450 points or 2 percent. The Hang Seng Index now sits just beneath the 23,790-point plateau and it's tipped to open modestly to the upside again on Thursday.
RTTNews
|
9h 8min ago
