DAX Slips On China COVID Concerns
(RTTNews) - German stocks fell on Thursday as risks related to a new surge in COVID-19 cases returned to investors' radars.
Several countries have announced measures in an effort to keep infections from spreading beyond China's borders.
In response to surging infections, the United States, Italy, Japan, India and Malaysia announced this week they would increase health measures for travelers from China.
Meanwhile, China has rejected criticism of its COVID data and played down the risk of new variants, saying it expects future mutations to be potentially more transmissible but less severe.
The benchmark DAX was down 22 points, or 0.2 percent, at 13,903 after declining half a percent in the previous session.
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China Services Activity Growth Softens In January
China's services activity continued to expand in January but the growth softened amid slowing new business growth and job shedding, survey results from S&P Global revealed on Wednesday. The Caixin services Purchasing Managers' Index posted 51.0 in January, down from 52.2 in December. The reading was forecast to edge up to 52.3. The score has remained above 50.0 signalling expansion since January.
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European Shares May Drift Lower With Tech Earnings In Focus
European stocks may open on a sluggish note Wednesday as investors react to downbeat earnings updates from Google parent Alphabet and AMD.
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Sensex, Nifty Pause After Strong Rally
Indian shares were little changed on Wednesday after rallying sharply the previous day on easing tariff concerns and expectations of a rate cut by the RBI later this week.
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Asian Markets Trade Mixed Amid Tariff Worries
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are cautious and are concerns about a global trade war after President Donald Trump decided to impose tariffs on imports from China, Mexico and Canada, with the trading partners retaliating with counter tariffs. Asian markets closed mostly higher on Tuesday.
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Australian Market Maintains Early Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market trading on Wednesday, and extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining and energy stocks.
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Sensex, Nifty Poised To Open Higher As Trade Worries Ease
Indian shares may open a tad higher on Wednesday, with a weaker dollar and falling oil prices likely to offer some comfort.
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Thai Bourse May End Losing Streak On Wednesday
The Thai stock market has finished lower in five straight sessions, sinking more than 45 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it figures to stop the bleeding on Wednesday.
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Higher Open Predicted For Indonesia Stock Market
The Indonesia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had stumbled more than 180 points or 2.6 percent. The Jakarta Composite Index now sits just above the 7,070-point plateau and it's got a firm lead for Wednesday's trade.
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