DAX Slips On Interest-rate Worries
(RTTNews) - German stocks declined on Wednesday as investors awaited key Eurozone growth data and the FOMC meeting minutes release for directional cues.
Interest-rate worries were back in focus after data showed Britain's inflation rate rose to a new 40-year high of 10.1 percent in July.
The benchmark DAX dipped 48 points, or 0.4 percent, to 13,862 after gaining 0.7 percent the previous day.
Uniper SE, the energy company which secured a 15-billion-euro bailout last month, plunged 7.2 percent after saying it had suffered a net loss of more than 12 billion euros ($12.2 billion) in the first half of the year. The company was hit hard by reduced Russian gas deliveries.
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Australia Inflation Rises In November
Australia's consumer price inflation accelerated in November largely due to the timing of electricity rebate, the Australian Bureau of Statistics said on Wednesday.
Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists' forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from 3.5 percent.
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5h 45min ago
Sensex, Nifty Open Lower As Traders Pare Rate Cut Bets
Indian shares opened slightly lower on Wednesday as upbeat U.S. economic data prompted traders to pare rate cut bets.
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5h 50min ago
Sensex, Nifty Set For Muted Start As Dollar And Yields Climb
Indian shares look set to open on a cautious note Wednesday after initial estimates from the government showed the Indian economy is set to grow at the slowest pace in 4 years in the fiscal year 2024-25.
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7h 35min ago
Asian Shares Mixed As Traders Scale Back Fed Rate Cut Bets
Asian stocks were mixed on Wednesday as fresh signs of a resilient U.S. economy clouded the outlook for U.S. rate cuts in 2025.
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7h 46min ago
Thai Stocks Likely To Remain Rangebound
The Thai stock market has finished higher in two of three trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,390-point plateau although it may not be able to hold those gains.
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8h 22min ago
Lower Open Anticipated For Indonesia Stock Market
The Indonesia stock market ticked higher again on Tuesday, one day after ending the three-day winning streak in which it had advanced almost 130 points or 1.8 percent. The Jakarta Composite Index now sits just above the 7,080-point plateau although it's expected to open under pressure on Wednesday.
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8h 52min ago
Hong Kong Shares May Extend Losing Streak
The Hong Kong stock market has finished lower in two straight sessions, retreating more than 310 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 19,450-point plateau and it may extend its losses again on Wednesday.
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9h 7min ago
Lower Open Anticipated For China Stock Market
The China stock market on Tuesday snapped the four-day losing streak in which it had plummeted more than 200 points or 6 percent. The Shanghai Composite Index now sits just beneath the 3,230-point plateau although it's expected to see renewed selling pressure on Wednesday.
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9h 22min ago
