DAX Slips In Cautious Trade After Fed Rate Decision

RTTNews | 202 days ago
DAX Slips In Cautious Trade After Fed Rate Decision

(RTTNews) - German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer.

Investors ignored the results of a survey, which showed Germany's manufacturing PMI hit a two-month high of 42.5 in April, up from March's 41.9.

The benchmark DAX was down 6 points at 17,925 as trading resumed after the May Day holiday.

In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite first-quarter profit coming in above expectations and the company guiding for growth over the year ahead.

Nordex dropped 1 percent despite news that it has received a 148MW turbine order for an undisclosed wind project in California.

Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its forecast for the full year after reporting an increase in net earnings for the first-quarter, reflecting a rise in sales.

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Commodity Currencies Rise Against Majors

Commodity Currencies Rise Against Majors

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday.
RTTNews | 5h 4min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 59min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower in choppy trading on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,400 level, with weakness across most sectors led by financial and technology stocks.
RTTNews | 8h 14min ago
Thai Stock Market May Add To Its Winnings On Wednesday

Thai Stock Market May Add To Its Winnings On Wednesday

The Thai stock market has moved higher in two straight sessions, gathering almost 20 points or 1.4 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau and it's likely to open to the upside again on Wednesday.
RTTNews | 8h 34min ago
Additional Support Called For Indonesia Stock Market

Additional Support Called For Indonesia Stock Market

The Indonesia stock market on Tuesday snapped the four-day losing streak in which it had dropped almost 190 points or 2.5 percent. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Wednesday.
RTTNews | 9h 4min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, snapping a four-session winning streak, with the benchmark S&P/ASX 200 staying above the 8,300 level, following the mixed cues from Wall Street overnight, with weakness in technology, financial and energy stocks partially offset by gains in mining stocks.
RTTNews | 9h 4min ago
Higher Open Anticipated For Hong Kong Shares

Higher Open Anticipated For Hong Kong Shares

The Hong Kong stock market has climbed higher in two straight sessions, rallying more than 235 points or 1.2 percent along the way. The Hang Seng Index now sits just above the 19,660-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 9h 19min ago
China Shares May Extend Tuesday's Gains

China Shares May Extend Tuesday's Gains

The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and it's expected to open higher again on Wednesday.
RTTNews | 9h 34min ago