DAX Edges Higher On China Stimulus Optimism

RTTNews | 92 days ago
DAX Edges Higher On China Stimulus Optimism

(RTTNews) - German stocks traded slightly higher on Monday after a measure of China's consumer inflation unexpectedly decelerated in November and factory deflation eased, raising hopes for more proactive fiscal and monetary policies next year to boost domestic consumption.

The Politburo, a top decision-making body led by President Xi Jinping, said today it will stabilize property and stock markets while strengthening the "unconventional counter-cyclical" adjustment.

The benchmark DAX was up 24 points, or 0.1 percent, at 20,409 after closing up 0.1 percent on Friday.

Meal-kit company HelloFresh plunged more than 7 percent after reports of a U.S. probe over allegations of child labor.

Laboratory and pharmaceutical supplier Sartorius gained 1.1 percent after naming a new CEO.

Stabilus jumped 3 percent despite the machinery industry company reporting a fall in profit for fiscal 2024.

CompuGroup Medical soared 31 percent. The provider of healthcare software said it is in advanced talks to be acquired by CVC Capital Partners.

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Indonesia Shares May Take Further Damage On Wednesday

Indonesia Shares May Take Further Damage On Wednesday

The Indonesia stock market has moved lower in two straight sessions, sinking almost 85 points or 1.3 percent along the way. The Jakarta Composite Index now sits just beneath the 6,550-point plateau and it's tipped to open in the red again on Wednesday.
RTTNews | 4h 9min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, reversing some of the losses in the previous session, despite the negative cues from Wall Street overnight. The Nikkei 225 is moving up to near the 36,900 level, with gains in exporters and financial stocks partially offset by some gains in automaker stocks. Some traders also picked up stocks at a bargain after the recent slump.
RTTNews | 4h 10min ago
Hong Kong Shares May Open Under Water On Wednesday

Hong Kong Shares May Open Under Water On Wednesday

The Hong Kong stock market has moved lower in three straight trading days, stumbling almost 600 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 23,780-point plateau and the losses may accelerate on Wednesday.
RTTNews | 4h 24min ago
China Stock Market May Head South Again On Wednesday

China Stock Market May Head South Again On Wednesday

The China stock market on Tuesday ended the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just beneath the 3,380-point plateau although it's expected to turn lower again.
RTTNews | 4h 39min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

Australian shares are trading sharply lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by iron ore miners and financial stocks. Gold stocks were the only bright spot.
RTTNews | 4h 40min ago
Oversold Taiwan Bourse Called Lower Again

Oversold Taiwan Bourse Called Lower Again

The Taiwan stock market has finished lower in four straight sessions, shedding almost 800 points or 3.6 percent in that span. The Taiwan Stock Exchange now sits just above the 22,070-point plateau and it figures to open under water again on Wednesday.
RTTNews | 5h 9min ago
Losing Streak May Continue For Singapore Stock Market

Losing Streak May Continue For Singapore Stock Market

The Singapore stock market has tracked lower in three straight sessions, sinking almost 100 points or 2.5 percent along the way. The Straits Time Index now sits just above the 3,825-point plateau and it may open under water again on Wednesday.
RTTNews | 5h 39min ago