DAX Declines On Interest-rate Worries

RTTNews | 1172 days ago
Stocktwits
DAX Declines On Interest-rate Worries

(RTTNews) - German stocks tumbled on Thursday as interest-rate worries and signs of growing China-U.S. tensions overshadowed positive news on the domestic front.

German factory orders rebounded in May driven by the manufacture of motor vehicles, data published by Destatis revealed earlier today.

Factory orders advanced 6.4 percent on a monthly basis in May, following a 0.2 percent rise in April. Orders were expected to grow 1.5 percent after April's initially estimated 0.4 percent drop.

On a yearly basis, factory orders declined at a slower pace of 4.3 percent after a 9.3 percent decrease.

The benchmark DAX was down 164 points, or over 1 percent, at 15,774 after closing 0.6 percent lower the previous day.

Brenntag shares dropped 1 percent. The chemicals and ingredients distribution company said it would unveil the result of a strategic review later this year.

Stocktwits
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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading 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 partially offset by gains in financial stocks. Most other sectors were mixed.
RTTNews | 13 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as crude oil prices continued to fall amid signs of increased diplomatic efforts to resolve the conflict and restore energy flows in the Middle East, easing concerns over global inflation and the prospect of further interest rate hikes. Asian markets closed mostly higher on Friday.
RTTNews | 18 minutes ago
Indian Shares Set For Cautious Open

Indian Shares Set For Cautious Open

Indian shares may open flat to slightly lower on Monday despite gains elsewhere across Asia and higher U.S. equity futures as oil prices fell for a fourth day amid ongoing diplomatic efforts to end the U.S.-Iran conflict.
RTTNews | 46 minutes ago
Rally May Stall For Thai Stock Market

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.
RTTNews | 1h 32min ago
Indonesia Stock Market Has Flat Lead For Monday

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.
RTTNews | 2h 2min ago
Australian Markets Slightly Lower

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.
RTTNews | 2h 8min ago
Little Movement Expected For Hang Seng

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.
RTTNews | 2h 17min ago
China Stock Market May Remain Rangebound On Monday

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.
RTTNews | 2h 32min ago
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