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DAX Gives Up Early Gains

RTTNews | 1476 days ago

DAX Gives Up Early Gains

(RTTNews) - German stocks gave up early gains to trade on a flat note Friday after a survey showed Germany's consumer confidence declined further to a new record low in September.

Market research group GfK's forward-looking consumer sentiment index fell to -36.5 in September from -30.9 in August as households started to build reserves to meet future energy bills, thus dampening the propensity to buy. The reading was forecast to fall moderately to -31.8.

Earlier Friday, German Economy Minister Robert Habeck said he'll reassess the gas levy on consumers amid an outcry over corporate profits in the sector.

Investors now await Fed Chair Jerome Powell's widely-anticipated speech in the Jackson Hole Symposium later in the day for clues on the central bank's tightening plan.

The benchmark DAX was down 16 points, or 0.1 percent, at 13,255, reversing initial gains.

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No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.

RTTNews | 20 minutes ago

Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.

RTTNews | 27 minutes ago

Soft Start Anticipated For China Stock Market

Soft Start Anticipated For China Stock Market

The China stock market on Thursday ended the three-day winning streak in which it had risen more than 20 points or 0.5 percent. The Shanghai Composite Index now sits just above the 3,930-point plateau and it's expected to see continued consolidation on Friday.

RTTNews | 35 minutes ago

Lower Open Called For Taiwan Stock Market

Lower Open Called For Taiwan Stock Market

The Taiwan stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 1,475 points or 3.5 percent. The Taiwan Stock Exchange now sits just above the 46,940-point plateau and it's looking at another soft start again on Friday.

RTTNews | 1h 5min ago

Singapore Stock Market May Open In The Red

Singapore Stock Market May Open In The Red

The Singapore stock market has finished lower in four straight sessions, slumping almost 110 points or 3.4 percent in that span. The Straits Times Index now sits just beneath the 5,690-point plateau and it figures to open in the red again on Friday.

RTTNews | 1h 35min ago

Japan Producer Prices Sink 0.2% In August

Japan Producer Prices Sink 0.2% In August

Producer prices in Japan were down 0.2 percent on month in August, the Bank of Japan said on Friday.

RTTNews | 1h 38min ago

Malaysia Stock Market May Give Up Support At 1,700 Points

Malaysia Stock Market May Give Up Support At 1,700 Points

The Malaysia stock market has finished lower in three sessions, slipping almost 10 points in that span. The Kuala Lumpur Composite Index now sits just above the 1,700-point plateau and it may take further damage again on Friday.

RTTNews | 2h 5min ago

New Zealand Manufacturing Index Eases To 5.1 - BusinessNZ

New Zealand Manufacturing Index Eases To 5.1 - BusinessNZ

The manufacturing sector in New Zealand continued to expand, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.1.

RTTNews | 2h 12min ago

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