DAX Declines On China Growth Concerns
(RTTNews) - German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
Investors also sought direction from the release of minutes from the Federal Reserve's June meeting later in the day and Friday's U.S. nonfarm payrolls report.
The benchmark DAX was down 78 points, or half a percent, at 15,961 after declining 0.3 percent the previous day.
Evotec SE, a drug company, jumped nearly 3 percent. The company announced that its unit Just - Evotec Biologics, Inc. has secured a second contract from the US department of defense for $74 million.
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Rally May Stall For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, collecting more than 20 points or 1.4 percent in that span. The Stock Exchange of Thailand now sits just above the 1,580-point plateau although it may ebb on Monday.
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13 minutes ago
Indonesia Stock Market Has Flat Lead For Monday
The Indonesia stock market headed south again on Friday, one day after halting the six-day losing streak in which it had tumbled more than 250 points or 3.8 percent. The Jakarta Composite Index now sits just above the 6,440-point plateau and it figures to see little movement again on Monday.
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43 minutes ago
Australian Markets Slightly Lower
The Australian stock market is slightly lower on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks and a mixed performance in most other sectors.
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49 minutes ago
Little Movement Expected For Hang Seng
The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,750-point plateau and it's likely to be rangebound again on Monday.
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58 minutes ago
China Stock Market May Remain Rangebound On Monday
The China stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 85 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,910-point plateau although it may spin its wheels on Monday.
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1h 13min ago
Taiwan Stock Market Due For Profit Taking
The Taiwan stock market has tracked higher in three straight sessions, surging almost 2,300 points or 5 percent along the way. The Taiwan Stock Exchange now sits just beneath the 47,370-point plateau although investors may lock in gains on Monday.
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1h 43min ago
Steady Start Seen For Singapore Stock Market
The Singapore stock market ticked lower again on Friday, one day after ending the two-day slide in which it had dropped almost 85 points or 1.7 percent. The Straits Times Index now sits just above the 5,655-point plateau although it's like to remain in that neighborhood again on Monday.
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2h 13min ago
Malaysia Stock Market May Find Traction On Monday
The Malaysia stock market has finished lower in three straight sessions, slipping more than 35 points or 2.4 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,665-point plateau although it may stop the bleeding on Monday.
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2h 43min ago
