DAX Gains As Investors Digest Fed Minutes

RTTNews | 1299 days ago
DAX Gains As Investors Digest Fed Minutes

(RTTNews) - German stocks rose on Thursday as investors reacted to the FOMC meeting minutes released overnight and a slew of encouraging earnings results.

Following the release of the minutes from the U.S. central bank's Jan 31-Feb 1 policy meeting, Fed funds futures now price in three more quarter-percentage-point rate hikes at upcoming meetings this year

The benchmark DAX was up 0.7 percent at 15,510 after finishing marginally higher on Wednesday.

Freenet AG, a telecommunications and web content provider, rose about 1 percent after posting EBITDA growth of 7.0 percent in financial year 2022.

Reinsurer Munich Re plunged 5.2 percent despite delivering a surprisingly strong annual profit in a difficult year for the industry.

Krones AG added 2 percent after reporting a rise in preliminary earnings and revenue.

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Australian Market Trims Early Slight Losses In Mid-market

Australian Market Trims Early Slight Losses In Mid-market

The Australian stock market is trimming its early slight losses in mid-market trading on Monday, snapping a four-session losing streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 8,750.00 level, with gains in energy, financial and technology stocks.
RTTNews | 1h 23min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, amid surging crude oil prices after the critical East-West pipeline was shut by Saudi Arabia following drone attacks and talks between Iran and the GCC about a possible reopening of the Strait of Hormuz were postponed. The pipeline provided an alternative route around the Strait of Hormuz.
RTTNews | 1h 35min ago
Thai Stock Market: Support Expected At 1,600 Points

Thai Stock Market: Support Expected At 1,600 Points

The Thai stock market has moved lower in three straight sessions, sinking more than 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,600-point plateau although it may halt its slide on Monday.
RTTNews | 2h 50min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Monday, extending the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The Nikkei 225 is falling below the 63,050 level, with weakness in index heavyweights and technology stocks partially offset by gains in financial stocks.
RTTNews | 3h 14min ago
Indonesia Stock Market Poised To Open To The Upside On Monday

Indonesia Stock Market Poised To Open To The Upside On Monday

The Indonesia stock market has finished lower in three straight sessions, surrendering almost 150 points or 2.4 percent in that span. The Jakarta Composite Index now rests just above the 6,540-point plateau although it's expected to open higher on Monday.
RTTNews | 3h 20min ago
Hong Kong Stock Market May Stop The Bleeding On Monday

Hong Kong Stock Market May Stop The Bleeding On Monday

The Hong Kong stock market has moved lower in four straight sessions, sliding more than 800 points or 3.2 percent along the way. The Hang Seg Index now sits just above the 24,800-point plateau although it's expected to open in the green on Monday.
RTTNews | 3h 35min ago
Australian Markets Slightly Higher

Australian Markets Slightly Higher

The Australian stock market is slightly higher in choppy trading on Monday, snapping a four-session losing streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,750.00 level, with gains in energy, financial and technology stocks.
RTTNews | 3h 43min ago
China Stock Market May Reclaim 3,900-Point Level

China Stock Market May Reclaim 3,900-Point Level

The China stock market has finished lower in back-to-back sessions, contracting more than 60 points or 1.5 percent in that span. The Shanghai Composite Index now sits just beneath the 3,890-point plateau although it's likely to open to the upside on Monday.
RTTNews | 3h 50min ago