DAX Holds Steady Amid Earnings Deluge

RTTNews | 1239 days ago
DAX Holds Steady Amid Earnings Deluge

(RTTNews) - German stocks were flat to slightly higher on Thursday as investors reacted to a slew of earnings results and looked forward to the release of U.S. GDP data later in the day for directional cues.

The benchmark DAX was marginally higher at 15,810 after losing half a percent in the previous session.

Automakers BMW, Mercedes Benz and Volkswagen were up around 1 percent each.

Deutsche Bank jumped 1.9 percent after profit hit its highest in a decade in the first quarter. Peer Commerzbank rose 1.5 percent.

Engine builder DEUTZ rallied 2.8 percent after sounding more confident about full-year results.

HelloFresh soared 6.3 percent after the meal-kit maker reported a smaller-than-expected decline in first-quarter core earnings.

Online takeaway food company Delivery Hero slumped 4.4 percent after its quarterly sales missed estimates.

BASF tumbled 3.6 percent after the chemicals giant maintained its profit forecast for 2023 and warned of great uncertainty in the global economy.

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Indian Shares Edge Higher In Cautious Trade

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RTTNews | 43 minutes ago
Australian Market Trims Early Gains In Mid-market

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RTTNews | 1h 58min ago
Asian Markets Trade Mostly Higher

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Oversold Thai Stock Market Called Lower Again

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RTTNews | 3h 27min ago
No Help Yet For Indonesia Stock Market

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RTTNews | 3h 57min ago
Japanese Market Modestly Higher

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The Japanese market is trading modestly higher on Thursday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 64,000 mark, with gains in index heavyweights, automakers, exporters and financial stocks partially offset by weakness in technology stocks.
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Hang Seng Likely To Remain Rangebound

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The Hong Kong stock market has moved higher in two of three 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 24,710-point plateau although it's looking at a soft start on Thursday.
RTTNews | 4h 12min ago