DAX Inches Higher On Soft US Inflation Data

RTTNews | 110天前
DAX Inches Higher On Soft US Inflation Data

(RTTNews) - German stocks were slightly higher on Friday after soft U.S. inflation data fueled bets for a September rate cut by the Federal Reserve.

Closer home, Germany's wholesale prices continued to fall in June, but the pace of decline slowed further, Destatis reported earlier today.

Wholesale prices posted an annual decline of 0.6 percent in June, following a 0.7 percent drop in May. The current sequence of fall in wholesale prices started in May 2023.

On a monthly basis, wholesale prices decreased 0.3 percent in June, in contrast to the 0.1 percent increase in May. This was the fourth consecutive fall.

The benchmark DAX was up 45 points, or 0.2 percent at 18,579 after gaining 0.7 percent in the previous session.

In corporate news, Aker Solutions ASA jumped nearly 7 percent after its second-quarter profit beat expectations.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, as traders are cautious and remain on the sidelines ahead of key U.S. economic data due this week and next week's US presidential election. They also continue to assess the ongoing geopolitical tensions in the Middle East. Asian Markets closed mostly lower on Wednesday.
RTTNews | 4小时29分钟前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is notably lower on Thursday, Giving up some of the gains in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 39,100 level, with weakness in index heavyweights, exporters and technology stocks as traders are cautious ahead of the Bank of Japan's monetary policy decision.
RTTNews | 5小时11分钟前
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved lower in three straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and it's expected to see continued consolidation on Thursday.
RTTNews | 5小时56分钟前
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with a mixed performance across most sectors as a mixed domestic quarterly inflation report reduced expectations for an immediate rate cut from the RBA.
RTTNews | 5小时59分钟前
Indonesia Stock Market May Take Further Damage On Thursday

Indonesia Stock Market May Take Further Damage On Thursday

The Indonesia stock market has finished lower in six straight sessions, dropping more than 230 points or 3 percent along the way. The Jakarta Composite Index now rests just beneath the 7,570-point plateau and it's tipped to open in the red again on Thursday.
RTTNews | 6小时26分钟前
Hong Kong Bourse May Extend Wednesday's Losses

Hong Kong Bourse May Extend Wednesday's Losses

The Hong Kong stock market on Wednesday wrote a finish to the three-day winning streak in which it had improved more than 200 points or 0.9 percent. The Hang Seng Index now sits just above the 20,380-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 6小时56分钟前
Japan Retail Sales Gain 0.5% On Year In September

Japan Retail Sales Gain 0.5% On Year In September

The value of retail sales in Japan was up 0.5 percent on year in September, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.489 trillion yen.
RTTNews | 7小时3分钟前