DAX Gains On Hopes For Fed Pause

RTTNews | 1224 days ago
DAX Gains On Hopes For Fed Pause

(RTTNews) - German stocks rebounded on Friday as recent U.S. inflation data added to confidence that the Federal Reserve will pause interest-rate increases in the upcoming month.

The dollar headed for its biggest weekly gain since February after U.S. Treasury Secretary Janet Yellen warned that a default on the U.S. debt would be catastrophic and was "unthinkable".

U.S. Treasury yields were little changed amid the debt ceiling standoff. The benchmark DAX was up 76 points, or half a percent, at 15,911 after losing 0.4 percent the previous day.

Insurer Allianz was little changed despite reporting a sharp rise in first-quarter net profit and confirming 2023 guidance.

Turbine manufacturer Nordex Group fell about 1 percent after posting a wider first-quarter loss on the back of higher costs.

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Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market on Thursday halted the six-day losing streak in which it had surrendered more than 55 points or 3.7 percent. The Stock Exchange of Thailand now sits just above the 1,580-point plateau and it's expected to open in the green again on Friday.
RTTNews | 1h 12min ago
Indonesia Stock Market May See Additional Support

Indonesia Stock Market May See Additional Support

The Indonesia stock market on Thursday wrote a finish to 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 6,460-point plateau and it's likely to open to the upside again on Friday.
RTTNews | 1h 42min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Friday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 64,700 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers, exporters and financial stocks.
RTTNews | 1h 49min ago
Hang Seng Tipped To Remain Rangebound

Hang Seng Tipped To Remain Rangebound

The Hong Kong stock market has alternated between positive and negative finishes through the last four 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 24,600-point plateau although it's expected to reverse those losses on Friday.
RTTNews | 1h 57min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Friday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.
RTTNews | 2h 12min ago
Rebound Predicted For China Stock Market

Rebound Predicted For China Stock Market

The China stock market turned lower again on Thursday, one day after ending 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 3,875-point plateau although it's likely to bounce back to the upside again on Friday.
RTTNews | 2h 12min ago
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in consecutive trading days, improving more than 775 points or 1.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 46,290-point plateau and it may see additional support on Friday.
RTTNews | 2h 42min ago