DAX Dips On Weak Chinese Data
(RTTNews) - German stocks were moving lower on Monday as a slew of Chinese data disappointed and investors looked ahead to major central bank decisions this week for directional cues.
Chinese retails sales and industrial production numbers missed expectations in August, helping spur expectations the government may announce more, gradual stimulus in the fourth quarter to support consumption and real estate.
The benchmark DAX was down 37 points, or 0.2 percent, at 18,662 after rallying 1 percent on Friday.
In corporate news, Vossloh AG shares rose more than 2 percent.
The rail technology company said that it has secured a contract worth more than 100 million euros for a two-year term from DB InfraGO AG, the Deutsche Bahn AG unit.
read more
Continued Volatility Likely For China Stock Market
The China stock market has alternated between positive and negative finishes through the last eight trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau and it's expected to at least open to the upside again on Monday.
RTTNews
|
4h 10min ago
Taiwan Stock Market May Extend Its Gains
The Taiwan stock market has climbed higher in two straight sessions, advancing more than 475 points or 2.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 23,490-point plateau and it's tipped to open in the green again on Monday.
RTTNews
|
4h 40min ago
Win Streak May Continue For Singapore Stock Market
The Singapore stock market has finished higher in consecutive trading days, advancing almost 50 points or 1.4 percent along the way. The Straits Times Index now sits just above the 3,640-point plateau and it may add to its winnings on Monday.
RTTNews
|
5h 10min ago
Malaysia Stock Market May See Additional Support On Monday
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and it may extend its gains on Monday.
RTTNews
|
5h 40min ago
KOSPI Tipped To End Losing Streak On Monday
The South Korea stock market has moved lower in three straight sessions, shedding almost 40 points or 1.6 percent along the way. The KOSPI now sits just above the 2,590-point plateau although it may stop the bleeding on Monday,
RTTNews
|
6h 10min ago
Malaysia GDP Data Due On Monday
Malaysia will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 5.9 percent on year.
RTTNews
|
7h 10min ago
TSX Continues To Move Up North, Ends 0.53% Up At New High
The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment.
RTTNews
|
2 days ago
Dollar Turns Weak After Recent Gains
The U.S. dollar turned a bit weak on Friday, snapping a five-day winning streak, with global stocks moving higher on increased risk appetite after the Chinese government announced a couple of funding schemes.
RTTNews
|
2 days ago
