DAX Rebounds As Credit Suisse Gets Lifeline
(RTTNews) - German stocks rebounded on Thursday, with banks leading the surge after Credit Suisse Group AG said it would borrow up to 50 billion Swiss Francs or around $53.7 billion from the Swiss National Bank to pre-emptively strengthen its liquidity.
Investors also awaited a European Central Bank rate decision later in the day.
The benchmark DAX was up 178 points, or 1.2 percent, at 14,910 after tumbling 3.3 percent the previous day.
Lender Commerzbank jumped 4 percent and Deutsche Bank added 2.5 percent after recent heavy losses.
Energy firm Siemens Energy advanced 1.5 percent after announcing a capital increase.
DEUTZ lost almost 4 percent despite more than doubling its FY22 adjusted EBIT.
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European Shares Set For Cautious Open
European stocks are seen opening on a cautious note on Tuesday as investors look ahead to monetary policy meetings of central banks, including the U.S. Federal Reserve, the Bank of England and the Bank of Japan this week.
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38 minutes ago
Indian Shares Modestly Higher In Cautious Trade As IT Stocks Surge
Indian stocks were modestly higher in early trade on Tuesday, with information technology shares leading the surge, after industry leaders called for a slowdown in the pace of AI development.
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2h 2min ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remain concerned about the uncertainty in the Middle East conflict. Higher bond yields and soaring crude oil prices fueled global inflation concerns and indicated an imminent interest rate hike from the US Fed this week. Asian markets closed mostly lower on Monday.
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2h 57min ago
Indian Shares Seen Little Changed At Open
Indian shares are seen opening on a flat note on Tuesday as traders return to their desks after a long holiday weekend.
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3h 32min ago
Lower Open Expected For Thai Stock Market
The Thai stock market has moved lower in four straight sessions, retreating almost 30 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to spin its wheels again on Tuesday.
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4h 14min ago
Indonesia Bourse May See Continued Consolidation On Tuesday
The Indonesia stock market has finished lower in four straight sessions, sinking more than 150 points or 2.3 percent along the way. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's looking at another soft start again on Tuesday.
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4h 44min ago
Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 63,400 level, with weakness in automakers and financial stocks partially offset by gains in index heavyweights.
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4h 50min ago
Hang Seng May Hand Back Monday's Gains
The Hong Kong stock market on Monday halted 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 shy of the 24,920-point plateau although it may head south again on Tuesday.
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4h 59min ago
