DAX Dips As Recession Concerns Mount

RTTNews | 1456 days ago
DAX Dips As Recession Concerns Mount

(RTTNews) - The German stock market benchmark DAX plunged again for the fourth successive day as recession fears dampened market sentiment. The energy crisis as well as the fears of harsh monetary policy environment globally exacerbated the sell-off across sectors.

The forty-scrip DAX index is currently trading at 12,753.35, down 1.57 percent on an overnight basis. The day's trading has been within the range of 12,696.01 and 12,837.20.

All scrips in the 40-scrip index are trading below the levels on Thursday. Porsche Automobil Holding and RWE recorded least losses of less than 0.10 percent. Deutsche Post and Daimler Truck Holdings have both declined more than 6 percent. MTU Aero Engines and Brenntag have both declined more than 3 percent.

Deutsche Post is the is the most active scrip with a turnover of 1.78 million euros. The EUR/USD pair is at 0.9980, declining 0.19 percent overnight amidst the US Dollar Index strengthening 0.15 percent to 109.90.

The ten-year bond yield has increased 2.97 percent to 1.7845 percent versus 1.7330 percent on Thursday.

read more
Indian Shares Tumble Amid Geopolitical Concerns

Indian Shares Tumble Amid Geopolitical Concerns

Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 4h 13min ago
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 5h 18min ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 5h 36min ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 6h 45min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 7h 8min ago
Indonesia Stock Market Tipped To Open In The Red

Indonesia Stock Market Tipped To Open In The Red

The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
RTTNews | 7h 15min ago