DAX Slips In Lackluster Trade
(RTTNews) - German stocks slipped into the red on Wednesday after several Federal Reserve officials urged patience on interest-rate cuts.
The benchmark DAX was down 40 points, or 0.2 percent, at 18,092 after closing up 0.4 percent the previous day.
The dollar held steady while sterling edged higher after data showed U.K. inflation has hit the 2 percent target for the first time in three years, delivering a fillip to Prime Minister Rishi Sunak ahead of the parliamentary election.
In corporate news, Adidas shares dropped half a percent. The athletic apparel company Adidas has launched an investigation into allegations of compliance violations in China after receiving an anonymous letter earlier this month.
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Indonesia Bourse May Crack Resistance At 7,500 Points
The Indonesia stock market on Tuesday ended the two-day slide in which it had slumped almost 100 points or 1.4 percent. The Jakarta Composite Index now rests just above the 7,490-point plateau and it may extend its gains on Wednesday.
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Australian Market Significantly Higher
Australian shares are trading significantly higher on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 moving a tad above the 8,200 level, following the broadly positive cues from Wall Street overnight, with gains across all sectors led by technology and financial stocks.
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Higher Open Predicted For Hong Kong Stock Market
The Hong Kong stock market has moved higher in three straight sessions, advancing almost 700 points or 3.4 percent along the way. The Hang Seng Index now sits just above the 21,000-point plateau and it's got a positive lead again for Wednesday's trade.
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China Stock Market Has Firm Lead For Wednesday's Trade
The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that span. The Shanghai Composite now sits just above the 3,385-point plateau and it's expected to open higher again on Wednesday.
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Japan Services PMI Falls To 49.7 In October - Jibun
The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7.
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Taiwan Shares Tipped To Open In The Green
The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 325 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 23,100-point plateau and it's expected open to the upside again on Wednesday.
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BoJ Minutes: Japan Economy Shows Modest Recovery
members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday.
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Singapore Stock Market May Extend Its Gains
The Singapore stock market has moved higher in two straight sessions, gathering more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau and it's tipped to open in the green again on Wednesday.
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