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DAX Rises Despite Weak Retail Sales Data
(RTTNews) - German stocks rose on Thursday as Fed Chair Jerome Powell signaled a potential slowing of interest rate hikes and two major Chinese cities relaxed some COVID restrictions in efforts to reduce public discontent.
Investors looked past data showing that German retail sales fell more than expected in October as a result of concerns surrounding inflation.
Retail sales contracted by 5 percent year-on-year in October, the federal statistics office said. That was well below forecasts for a 2.8 percent decline. Sales fell 2.8 percent month-on-month.
The benchmark DAX was up 76 points, or half a percent, at 14,473 after gaining 0.3 percent the previous day.
Tech stocks led the surge, with Infineon Technologies rising more than 3 percent.
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Malaysia Bourse May Give Up Support At 1,500 Points
The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.
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4小时17分钟前
Japan Household Spending Sinks 0.5% On Year In February
The average of household spending in Japan was down 0.5 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday - standing at 290,511 yen.
RTTNews
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4小时41分钟前
More Pain Predicted For Japan Stock Market
The Japanese stock market on Thursday ended the two-day winning streak in which it had picked up almost 110 points or 0.3 percent. The Nikkei 225 now rests just above the 34,735-point plateau and it may take further damage on Friday.
RTTNews
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4小时47分钟前
South Korea Stock Market May Extend Losing Streak
The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,485-point plateau and it's likely to open under pressure again on Friday.
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5小时17分钟前
Japan Household Spending Data Due On Friday
Japan will on Friday release February figures for household spending, highlighting a modest day for Asia-Pacific economic activity.
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6小时17分钟前
ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions
Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.
RTTNews
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8小时47分钟前
Swiss Market Ends Sharply Lower On Tariff Woes
Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
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11小时0分钟前
European Stocks Close Sharply Lower As Trump's Tariff Announcement Triggers Sell-off
European stocks tumbled on Thursday with several markets falling to multi-month lows as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement triggered widespread selling.
It is feared that the new levies could fuel inflation and disrupt global supply chains and lead to trade wars.
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11小时20分钟前
