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DAX Edges Higher As Adidas And Bank Shares Surge

RTTNews | 678 days ago

DAX Edges Higher As Adidas And Bank Shares Surge

(RTTNews) - German stocks edged higher on Friday a strong earnings results from Adidas and Apple outweighed weak factory orders data.

German factory orders posted the biggest decline since the onset of the coronavirus pandemic in 2020, suggesting that manufacturing weighed on the economic activity in the first quarter.

Factory orders decreased by a more-than-expected 10.7 percent month-on-month in March, offsetting the revised 4.5 percent increase in February, data released by Destatis showed. Orders were forecast to drop moderately by 2.2 percent.

The benchmark DAX was up 26 points, or 0.2 percent, at 15,761 after losing half a percent the previous day.

Banks topped the gainers list, with Commerzbank and Deutsche Bank rising around 2 percent each.

Sportswear maker Adidas jumped nearly 7 percent after posting better-than-expected first-quarter results.

SGL Carbon tumbled 4 percent after saying it expects sales to be same as that of last year in 2023.

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Renewed Selling Pressure Expected For Malaysia Stock Market

Renewed Selling Pressure Expected For Malaysia Stock Market

The Malaysia stock market on Thursday halted the five-day losing streak in which it had plummeted more than 80 points or 5.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,510-point plateau although it figures to head south again on Friday.

RTTNews | 4h 9min ago

Nikkei May Take Further Damage On Friday

Nikkei May Take Further Damage On Friday

The Japanese stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just above the 36,790-point plateau and it may extend its losses on Friday.

RTTNews | 4h 24min ago

Tech Shares Likely To Drag KOSPI Lower

Tech Shares Likely To Drag KOSPI Lower

The South Korea stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just beneath the 2,575-point plateau and the losses may accelerate on Friday.

RTTNews | 4h 39min ago

TSX Sheds Nearly 1% On Tariff Jitters

TSX Sheds Nearly 1% On Tariff Jitters

The Canadian market ended notably lower on Thursday, with its benchmark S&P/TSX Composite Index falling to a four-and-a-half-month low, as rising concerns about global economic growth due to the trade war triggered heavy selling at several counters from across various sectors.

RTTNews | 5h 34min ago

South Korea Export Price Data Due On Friday

South Korea Export Price Data Due On Friday

South Korea will on Friday release February figures for its export and import price indexes, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 5h 39min ago

New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ

New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ

The manufacturing sector in New Zealand continued to expand in February, and at a faster rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.

RTTNews | 6h 2min ago

South Korea Export Prices Sink 0.6% In February

South Korea Export Prices Sink 0.6% In February

Export prices in South Korea were down 0.6 percent on month in February, the Bank of Korea said on Friday - after rising 1.3 percent in January.

RTTNews | 6h 20min ago

Dollar Rises Against Major Counterparts Amid Tariff War

Dollar Rises Against Major Counterparts Amid Tariff War

The U.S. dollar climbed higher against its major counterparts on Thursday with rising worries about the impact of the tariff war between the U.S. and some major trading partners pushed up the demand for the safe-haven currency.

RTTNews | 6h 26min ago

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