DAX Subdued As Industrial Output Falls
(RTTNews) - German stocks were trading lower on Friday amid lingering worries about the impact of rising interest rates on economic growth.
Adding to the gloomy mood, new data showed German industrial production declined more than expected in May,
Industrial production posted a monthly fall of 0.2 percent in May in contrast to the 0.3 percent increase in April, according to figures from Destatis. Output was forecast to drop 0.1 percent.
On a yearly basis, industrial production grew 0.7 percent, following a 1.7 percent rise in April.
The benchmark DAX was down 18 points, or 0.1 percent, at 15,510 after plunging 2.6 percent the previous day.
The euro was on defensive mode ahead of the all-important U.S. jobs report due later in the day.
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Indian Shares Edge Higher As Oil Prices Ease On Diplomacy Hopes
Indian shares opened higher on Monday, tracking mostly positive cues from other Asian markets after Brent crude prices slipped below $102 a barrel on hopes that diplomatic efforts could help ease tensions in West Asia.
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22 minutes ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks partially offset by gains in financial stocks. Most other sectors were mixed.
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1h 44min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as crude oil prices continued to fall amid signs of increased diplomatic efforts to resolve the conflict and restore energy flows in the Middle East, easing concerns over global inflation and the prospect of further interest rate hikes. Asian markets closed mostly higher on Friday.
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1h 48min ago
Indian Shares Set For Cautious Open
Indian shares may open flat to slightly lower on Monday despite gains elsewhere across Asia and higher U.S. equity futures as oil prices fell for a fourth day amid ongoing diplomatic efforts to end the U.S.-Iran conflict.
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2h 16min ago
Rally May Stall For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, collecting more than 20 points or 1.4 percent in that span. The Stock Exchange of Thailand now sits just above the 1,580-point plateau although it may ebb on Monday.
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3h 3min ago
Indonesia Stock Market Has Flat Lead For Monday
The Indonesia stock market headed south again on Friday, one day after halting 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 6,440-point plateau and it figures to see little movement again on Monday.
RTTNews
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3h 33min ago
Australian Markets Slightly Lower
The Australian stock market is slightly lower on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks and a mixed performance in most other sectors.
RTTNews
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3h 39min ago
Little Movement Expected For Hang Seng
The Hong Kong stock market has alternated between positive and negative finishes through the last five 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 24,750-point plateau and it's likely to be rangebound again on Monday.
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3h 48min ago
