DAX Dips Ahead Of US Inflation Data
(RTTNews) - German stocks declined in cautious trade on Tuesday as investors awaited U.S. inflation data that could provide an updated view on the Federal Reserve's policy path.
Meanwhile, data from the federal statistics office showed earlier today that Germany wholesale prices continued their downward trend for a fifth consecutive month in August due to lower prices for mineral oil products.
Wholesale prices fell 2.7 percent compared to the same month last year. The benchmark DAX was down 66 points, or 0.4 percent, at 15,734 after rising 0.4 percent on Monday.
Business software maker SAP declined 2.1 percent after U.S. peer Oracle fell short on license and hardware revenue in the fiscal first quarter.
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Thai Stock Market May See Continued Consolidation
The Thai stock market on Thursday wrote a finish to the five-day winning streak in which it had jumped almost 50 points or 3.1 percent. The Stock Exchange of Thailand now sits just above the 1,600-point plateau and it's likely to open to the downside again on Friday.
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Japanese Market Modestly Higher
The Japanese market is trading modestly higher on Friday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to near the 65,750 level, with gains in index heavyweights, financial and technology stocks.
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Lower Open Called For Indonesia Stock Market
The Indonesia stock market headed south again on Thursday, one day after ending the three-day slide in which it had tumbled almost 190 points or 3 percent. The Jakarta Composite Index now sits just beneath the 6,300-point plateau and it's expected to open under water again on Friday.
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Australian Market Notably Lower
The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,700 level, with weakness in mining, energy and technology stocks partially offset by gains in financial stocks.
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Hong Kong Stock Market May Take Further Damage On Friday
The Hong Kong stock market has moved lower in consecutive trading days, retreating more than 320 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,760-point plateau and it's tipped to open in the red again on Friday.
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Losing Streak May Continue For Singapore Stock Market
The Singapore stock market has finished lower in back-to-back sessions, slumping almost 40 points or 0.7 percent along the way. The Straits Times Index now sits just above the 5,680-point plateau and it may take further damage on Friday.
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Malaysia Stock Market Tipped To Open In The Red Again On Friday
The Malaysia stock market has tracked lower in two straight sessions, shedding almost a dozen points or 0.8 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it may extend its losses on Friday.
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2 jam 32 menit yang lalu
Japan Stock Market Due For Consolidation On Friday
The Japan stock market has climbed higher in four straight sessions, rallying more than 2,000 points or 3 percent in that span. The Nikkei 225 now sits just above the 65,500-point plateau, although it's likely to run out of steam on Friday.
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