DAX Rises On Rate Cut Talk

RTTNews | 119 days ago
DAX Rises On Rate Cut Talk

(RTTNews) - German stocks traded higher on Thursday as softer-than-expected U.S. economic data fueled speculation that the Federal Reserve could slash interest rates in September.

The upside remained capped after official data showed German factory orders logged an unexpected decline in May due to the decrease in foreign demand.

Factory orders declined 1.6 percent month-on-month in May, sharper than the revised 0.6 percent decrease in April, Destatis reported.

This was the fifth consecutive decline and also came in contrast to economists' forecast of 0.5 percent growth.

Year-on-year, new orders registered a sharp 8.6 percent decline in May compared to a moderate 1.8 percent drop in April.

The benchmark DAX was up 79 points, or 0.4 percent, at 18,453 after rallying 1.2 percent in the previous session.

In corporate news, Nordex SE shares rose over 2 percent after an announcement that DenkerWulf has ordered seven N149/5.X turbines.

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China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers' Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion.
RTTNews | 4h 12min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the broadly negative cues from global markets overnight, as traders remain cautious and seemed reluctant to make significant moves ahead of the highly anticipated US monthly jobs report later in the day as well as next week's US presidential election. The uncertainty about the outlook for interest rate cuts weighed on market sentiment.
RTTNews | 5h 22min ago
Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian markets remain closed today on account of Diwali. However, there will be a special one-hour Muhurat trading session between 6.00 pm and 7.00 pm.
RTTNews | 6h 3min ago
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

Extending the losses in the previous session, the Japanese stock market is sharply lower on Friday, following the negative cues from global markets overnight. The benchmark Nikkei 225 is falling more than 2 percent to just above the 38,200 level, with weakness across most sectors led by index heavyweights and technology stocks after the BoJ kept rates steady and warned of high uncertainties.
RTTNews | 6h 19min ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market on Thursday snapped the three-day losing streak in which it had slumped more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,465-point plateau although it's looking at a soft start on Friday.
RTTNews | 6h 39min ago
Indonesia Shares Likely To Head South Again On Friday

Indonesia Shares Likely To Head South Again On Friday

The Indonesia stock market on Thursday halted the six-day losing streak in which it had stumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just beneath the 7,575-point plateau although it's expected to see renewed selling pressure on Friday.
RTTNews | 7h 9min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is significantly lower on Friday, extending the losses in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,100 level, with weakness across most sectors led by mining, financial and technology stocks.
RTTNews | 7h 18min ago
Hong Kong Shares May Take Further Damage On Friday

Hong Kong Shares May Take Further Damage On Friday

The Hong Kong stock market has moved lower in two straight sessions, retreating more than 380 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,320-point plateau and it's expected to open in the red again on Friday.
RTTNews | 7h 24min ago