DAX Dips As Recession Concerns Mount

RTTNews | 851 일 전
DAX Dips As Recession Concerns Mount

(RTTNews) - The German stock market benchmark DAX plunged again for the fourth successive day as recession fears dampened market sentiment. The energy crisis as well as the fears of harsh monetary policy environment globally exacerbated the sell-off across sectors.

The forty-scrip DAX index is currently trading at 12,753.35, down 1.57 percent on an overnight basis. The day's trading has been within the range of 12,696.01 and 12,837.20.

All scrips in the 40-scrip index are trading below the levels on Thursday. Porsche Automobil Holding and RWE recorded least losses of less than 0.10 percent. Deutsche Post and Daimler Truck Holdings have both declined more than 6 percent. MTU Aero Engines and Brenntag have both declined more than 3 percent.

Deutsche Post is the is the most active scrip with a turnover of 1.78 million euros. The EUR/USD pair is at 0.9980, declining 0.19 percent overnight amidst the US Dollar Index strengthening 0.15 percent to 109.90.

The ten-year bond yield has increased 2.97 percent to 1.7845 percent versus 1.7330 percent on Thursday.

read more
South Korea Trade Data Due On Wednesday

South Korea Trade Data Due On Wednesday

South Korea will on Wednesday release December numbers for unemployment, imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 5 시간 12 분 전
Dollar Drifts Lower Against Major Counterparts

Dollar Drifts Lower Against Major Counterparts

The U.S. dollar shed ground against its major counterparts on Tuesday after data showed a smaller than expected increase in U.S. producer prices in the month of December. The data helped ease recent concerns about the outlook for inflation and interest rates.
RTTNews | 5 시간 26 분 전
Indonesia Stock Market May Stop The Bleeding On Wednesday

Indonesia Stock Market May Stop The Bleeding On Wednesday

The Indonesia stock market has finished lower in back-to-back sessions, surrendering more than 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 6,950-point plateau although it's tipped to open to the upside on Wednesday.
RTTNews | 6 시간 14 분 전
Japan Stock Market May Halt Its Slide On Wednesday

Japan Stock Market May Halt Its Slide On Wednesday

The Japanese stock market has finished lower in four straight sessions, stumbling more than 1,600 points or 4.2 percent along the way. The Nikkei 225 now rests just beneath the 38,475-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 6 시간 16 분 전
Canadian Stocks Mixed In Lackluster Trade

Canadian Stocks Mixed In Lackluster Trade

Canadian stocks are turning in a mixed performance in cautious trade with investors digesting U.S. producer price inflation data and looking ahead to the consumer price inflation report.
RTTNews | 7 시간 37 분 전
Swiss Market Fails To Retain Gains, Ends Flat

Swiss Market Fails To Retain Gains, Ends Flat

The Switzerland market ended flat on Tuesday after spending much of the day's trading session in positive territory. Stocks gained on bargain hunting, but pared gains as the mood turned a bit cautious as the day progressed, with investors awaiting more data to assess the likely move of the Federal Reserve.
RTTNews | 8 시간 41 분 전
Euro Rallies Against Majors

Euro Rallies Against Majors

The euro firmed against its major counterparts in the New York session on Tuesday.
RTTNews | 8 시간 53 분 전
European Stocks Pare Early Gains, Close On Mixed Note

European Stocks Pare Early Gains, Close On Mixed Note

European stocks gave up early gains and ended on a mixed note on Tuesday, as investors assessed the likely move of the Federal Reserve in the wake of recent economic reports, including the one on producer price inflation, released today. Markets looked ahead to the more crucial U.S. consumer price inflation reading due on Wednesday.
RTTNews | 9 시간 4 분 전