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The German stock market showed heavy losses on Thursday.

of the DAX it fell 1.6 percent to 12,795.22 points at the start of trading and is now dropping even lower. After falling below the psychologically important 13,000 points in the beginning, it sometimes even drops below 12,700 points during the course of trading and marks the lowest level since March TecDAX it fell at the start of trading by 0.8 percent to 2,884.69 points and then continued to decline.

The German market continues to decline on Thursday. According to dpa-AFX, Commerzbank experts said equity markets were looking for direction. The most recent recovery was based on hopes that central banks would slow rapidly after the turnaround in interest rates. However, that’s not the tenor central bank governors hit at this week’s ECB forum.

In terms of charts, the DAX is not doing well at the moment, according to dpa-AFX, analyst Jochen Stanzl of broker CMC Markets. The index is threatened with another sharp drop if the annual low of 12,438 points since the beginning of March fails to hold.

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European equity markets are moving into red territory on Thursday.

of the EURO STOXX 50 it fell 0.37 percent to 3,501.20 units at the start of trading and is now deep red with further losses.

Despite the best economic data from China, Thursday’s patterns aren’t very inspiring. European stock exchanges should therefore be a bit lighter, especially as there is nothing to indicate that concerns about interest rates and the recession and risk aversion they have triggered will soon end.

As for the data, investors’ attention will turn to US consumer spending on Thursday. The buying mood of US consumers is considered to be the pillar of the world’s largest economy.

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US equity markets failed to find common direction in the middle of the week.

of the Dow Jones he started trading a little higher and then stayed in the profit zone. At the end of trading, it was up 0.27% to 31,029.31 points. The one with a high technological content NASDAQ composite On the other hand, the session opened weaker and made no progress as the session progressed. He closed the session little changed at 11,177.89 points (-0.03%).

The day before, the decline in consumer confidence had fueled fears of a recession under the influence of rising interest rates. It was then announced on Wednesday that the US economy contracted by an annualized 1.6 percent in the first quarter and therefore a little more than previously expected: private consumption data was revised significantly as of discount. And so the fear continued to prevail on the market that decisive action against high inflation would endanger economic development. Even the optimistic statements by the head of the US Federal Reserve Bank at an ECB forum failed to lift the mood. Jerome Powell announced that the US economy is in strong shape. In this way, according to him, inflation can be combated and at the same time the situation on the labor market can remain solid.

“Central banks walk a very fine line and to some extent dictate the mood of the markets,” explained British bank Barclays equity strategist Emmanuel Cau, according to the German news agency. “The market appears to be caught in a tug-of-war between the hope that we are approaching the peak of inflation and interest rates and the challenge of a slowing economy and possible recession.”

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Asian equity markets moved in different directions on Thursday.

In Tokyo there was the leading index Nikkei by 1.54 percent to 26,393.04 points at the closing bell.

In mainland China, the Shanghai composite on the other hand, it was 1.10 percent stronger at 3,398.62 points. of the Hang Seng Hong Kong was trading at 21,859.79, down 0.62%.

In China, better-than-expected economic data provided support, otherwise the negative equity market environment put pressure on prices. China’s government purchasing managers’ indices are again pointing towards expansion. “If the Chinese economy picks up speed, it will be good for the entire global economy,” said market expert Thomas Altmann of asset manager QC Partners, according to dpa-AFX. In Japan, on the other hand, industrial production collapsed in May.

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