DAX Gains Ahead Of US Inflation Data
(RTTNews) - German stocks rose notably on Wednesday amid expectations that U.S. inflation data due out later it the day will show moderation in price pressures.
Analysts expect a slowdown in U.S. consumer price growth to an annual rate of 3.1 percent from 4 percent in May. The core rate is expected to have fallen for a third month to 5 percent from 5.3 percent.
The benchmark DAX was up 98 points, or 0.6 percent, at 15,887 after climbing 0.8 percent in the previous session.
Technology stocks traded higher, with Infineon climbing 3.2 percent after Jefferies raised its price target on the stock.
Banks were moving lower, with Deutsche Bank falling nearly 2 percent.
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European Shares Seen Higher As Oil Extends Slide On Diplomacy Hopes
European stocks are seen opening higher on Monday as oil prices extended slide to their lowest levels in more than a week on hopes that diplomatic efforts could help ease tensions in West Asia.
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1h 54min ago
Indian Shares Edge Higher As Oil Prices Ease On Diplomacy Hopes
Indian shares opened higher on Monday, tracking mostly positive cues from other Asian markets after Brent crude prices slipped below $102 a barrel on hopes that diplomatic efforts could help ease tensions in West Asia.
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2h 47min ago
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.
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4h 9min ago
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.
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4h 13min ago
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.
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4h 41min ago
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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5h 28min 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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5h 58min 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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6h 3min ago
