DAX Dips As Investors Await US Tech Earnings

RTTNews | 685 days ago
Stocktwits
DAX Dips As Investors Await US Tech Earnings

(RTTNews) - German stocks edged lower on Monday as investors awaited U.S. tech earnings and more economic data this week for directional cues.

As rate-hike and recession worries mount, investors ignored survey results showing that a measure of German business sentiment improved in April for a sixth consecutive month.

The headline German IFO business climate index rose to 93.6 in April from 93.2 in March. Economists expected the reading to edge up to 94.

The benchmark DAX was down 26 points, or 0.2 percent, at 15,855 after rising around half a percent on Friday.

Steel firm Salzgitter edged down slightly after its first-quarter earnings almost halved from last year.

Software AG soared nearly 50 percent after the software developer said it would accept a takeover bid by private equity firm Silver Lake.

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Malaysia Stock Market May Find Traction On Monday

Malaysia Stock Market May Find Traction On Monday

The Malaysia stock market has tracked lower in back-to-back sessions, slumping almost 20 points or 1.3 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,550-point plateau, although it may stop the bleeding on Mondy.
RTTNews | 4h 27min ago
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market on Friday wrote a finish to the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,900-point plateau, although it may bounce higher again on Monday.
RTTNews | 4h 42min ago
South Korea Bourse May Erase Friday's Losses

South Korea Bourse May Erase Friday's Losses

The South Korea stock market on Friday halted the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just above the 2,560-point plateau although it may see renewed support on Monday.
RTTNews | 4h 57min ago
Japan Data On Tap For Monday

Japan Data On Tap For Monday

Japan is scheduled to release a handful of reports on Monday, highlighting a light day for Asia-Pacific economic activity. On tap are January results for current account and leading and coincident indexes, as well as February figures for bank lending.
RTTNews | 5h 57min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market, which spent much of the day's session in negative territory, closed on a positive note on Friday, thanks to some strong buying at select counters in the final hour.
RTTNews | 2 days ago
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