DAX Slips In Cautious Trade As Yields Jump

RTTNews | 930 days ago
Stocktwits
DAX Slips In Cautious Trade As Yields Jump

(RTTNews) - German stocks were subdued on Wednesday as yields edged up on concerns about instability in the U.K. bond market.

As recession risks mount, investors also looked ahead to the release of U.S. inflation data and the FOMC meeting minutes this week for direction.

The benchmark DAX slipped 0.2 percent to 12,200 after declining 0.4 percent in the previous session.

Tech stocks traded higher, with Infineon rising 1.3 percent after reports that chipmaker Intel is planning to cut thousands of jobs amid a slowdown in the personal computer market.

Drugs-packaging maker Gerresheimer fell about 1 percent despite reporting double digit growth in earnings and revenue for the third quarter.

Klöckner, which is engaged in the production and distribution of steel and metal products, slumped 11.3 percent after reporting lower than expected operating income in the third quarter of 2022.

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Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

The Malaysia stock market on Tuesday snapped the four-day winning streak in which it had gathered more than 35 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it figures to bounce higher again on Wednesday.
RTTNews | 33 minutes ago
Japan Market May Crack Resistance At 36,000 Points

Japan Market May Crack Resistance At 36,000 Points

Ahead of Tuesday's holiday for Showa Day, the Japanese stock market had finished higher in four straight sessions, collecting almost 1,650 points or 4.6 percent along the way. The Nikkei 225 now sits just beneath the 35,840-point plateau and it's got a solid lead for Wednesday's trade.
RTTNews | 48 minutes ago
Higher Open Predicted For South Korea Shares

Higher Open Predicted For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, collecting more than 40 points or 1.7 percent in that span. The KOSPI now sits just above the 2,565-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 1h 3min ago
Japan Data Due On Wednesday

Japan Data Due On Wednesday

Japan is scheduled to release a batch of data on Wednesday, highlighting a busy day for Asia-Pacific economic activity. On tap are March figures for industrial production, retail sales, construction orders and housing starts, as well as February results for the leading and coincident indexes.
RTTNews | 1h 58min ago
Swiss Market Closes Modestly Higher

Swiss Market Closes Modestly Higher

The Switzerland market ended modestly higher on Tuesday after holding firm right through the day's trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.
RTTNews | 6h 24min ago
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