DAX Drifts Lower As Fed Flags Slower Rate Cuts

RTTNews | 82 days ago
DAX Drifts Lower As Fed Flags Slower Rate Cuts

(RTTNews) - German stocks drifted lower on Thursday after the Federal Reserve signalled a slower pace of interest rate cuts next year, citing inflation risks.

The benchmark DAX was down 156 points, or 0.8 percent, at 20,086 after finishing marginally lower the previous day.

Perfume and cosmetics maker Douglas Holding AG tumbled 4 percent despite reporting a turnaround to net profit for the fourth quarter.

BMW fell slightly and Mercedes Benz was little changed as industry data showed new car sales in the EU decreased in November after rebounding in the previous month.

New car registrations dropped 1.9 percent year-over-year to 869,816 units in November, reversing a 1.1 percent rise in October, according to the European Automobile Manufacturers' Association.

Volkswagen edged up slightly amid ongoing talks with labor leaders over German plant closures and pay cuts.

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Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid increasing worries the U.S. is headed for a recession and concerns over the health of the world economy following the likely impact of President Donald Trump's tariffs and trade policies. Asian markets closed mostly higher on Monday.
RTTNews | 6h 40min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, but extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,900 level, with weakness is mining and technology stocks partially offset by gains in energy and financial stocks.
RTTNews | 7h 12min ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had tumbled almost 40 points or 3.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau and it figures to see continued consolidation on Tuesday.
RTTNews | 7h 57min ago
Losses May Accelerate For Indonesia Stock Market

Losses May Accelerate For Indonesia Stock Market

The Indonesia stock market on Monday ended the three-day winning streak in which it had surged more than 350 points or 5.4 percent. The Jakarta Composite Index now sits just beneath the 6,600-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.
RTTNews | 8h 27min ago
Japanese Market Sharply Lower, Down 2.6%

Japanese Market Sharply Lower, Down 2.6%

The Japanese stock market is trading sharply lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 36,100 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 8h 29min ago