DAX Slips As Investors Await US Inflation Data
(RTTNews) - German stocks traded slightly lower on Monday as investors digested mixed inflation data from China and awaited U.S. inflation data due later this week for directional cues.
The benchmark DAX was down 25 points, or 0.1 percent, at 18,748 after rising half a percent on Friday.
IT company Q.beyond rose 1.4 percent after narrowing its Q1 loss and confirming 2024 outlook.
Adesso SE slumped 4.5 percent. The IT services provider reported that its first-quarter consolidated loss was 3.30 million euros, compared to prior year's profit of 2.02 million euros.
Ceconomy added nearly 2 percent after the electronics retailer said it expects adjusted earnings for fiscal 2024 to be above analysts' expectations.
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Indian Shares Seen Lower As Investors Await RBI Policy Outcome
Indian shares are seen opening lower on Wednesday after two days of gains amid diminished expectations for another Federal Reserve interest-rate hike in October.
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Higher Open Called For Thai Stock Market
The Thai stock market has tracked higher in four straight sessions, gathering more than 20 points or 1.4 percent in that span. The Stock Exchange of Thailand now sits just above the 1,575-point plateau and it may see additional support again on Wednesday.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 70,500 level, with weakness in exporters and technology stocks partially offset by gains in index heavyweights.
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Indonesia Stock Market May Extend Winning Streak
The Indonesia stock market has moved higher in three straight sessions, climbing almost 185 points or 2.8 percent in that span. The Jakarta Composite Index now sits just above the 6,190-point plateau and it's likely to open to the upside again on Wednesday.
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Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling to near the 8,700 level, despite the broadly positive cues from Wall Street overnight, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
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Hong Kong Stock Market Poised For Additional Strength
The Hong Kong stock market has moved higher in two straight sessions, improving more than 300 points or 1.2 percent along the way. The Hang Seng now sits just above the 24,280-point plateau and it's tipped to open in the green again on Wednesday.
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Taiwan Shares May Crack Resistance At 50,000 Points
The Taiwan stock market has moved higher in five straight sessions, climbing more than 2,150 points or 4.6 percent along the way. The Taiwan Stock Exchange now sits just above the 49,820-point plateau and it may see mild upside again on Wednesday.
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Singapore Stock Market May Add To Its Winnings
The Singapore stock market has tracked higher in back-to-back trading days, collecting more than 65 points or 1.2 percent along the way. The Straits Times Index now sits just above the 5,700-point plateau and it's expected to open to the upside again on Wednesday.
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