War in Ukraine in ticker: DAX collapses after Fed and SNB interest rate hikes – Delivery Hero confirms targets – Nordex fell from SDAX and TecDAX – GAZPROM featured | news

Losses are observed in Frankfurt during the holidays.

of the DAX began trading Corpus Christi down 0.33% to 13,440.43 points and then continues to plummet. of the TecDAX opens 0.23 percent less at 2,871.35 points. So dig even deeper into the minus.

The US Federal Reserve raised interest rates by 0.75 percentage points last night. “Don’t expect hikes of 75 basis points to become commonplace,” Fed Chairman Jerome Powell said. The market reacted relaxed at first, but eventually the profits were recorded on the US exchanges.

The Swiss National Bank also announced in the morning that it will raise interest rates to defend itself against high price hikes.

Click here for the full index overview

European stocks are down on Thursday.

of the EURO STOXX 50 it was 0.12% lower at 3,528.11 points at the start of trading on Thursday. In the next course she increases her haircuts.

The main topic of the market is the interest rate meetings in the United States and Switzerland. The night before, the US monetary authorities significantly raised the key rate to keep high inflation in check. Its Swiss counterpart, the SNB, is also raising interest rates by 0.50 percentage points, as announced this morning.

Click here for the full index overview

Prices on the US stock market rose Wednesday following the Fed’s interest rate decision.

of the Dow Jones it ended up trading 1.0 percent at 30,668.53 points. Immediately after the key interest rate decision, she was initially volatile and at times gave up her initial gains entirely (+0.68 percent to 30,570.50 points). But then he was able to get positive again and still climb sharply. of the NASDAQ composite was up 2.5 percent to 11,099.15 points at the close. He too initially cut his profits slightly after the interest rate move was posted, but then picked up the pace again. At first, he was already up 1.29 percent to 10,968.40 points.

After May consumer prices revealed even higher-than-feared inflation on Friday, the expectations of the US Federal Reserve have recently been really reversed. A rate increase of 0.5 per cent was considered agreed. JPMorgan and Goldman Sachs were expecting a jump of 0.75 points – even a full percentage point was no longer out of the question. Eventually, the US Federal Reserve raised the key interest rate by 0.75 percent at its meeting.

“The market has finally realized that painful steps are needed to curb inflation, which is at its highest level in 40 years,” reports the German news agency Andrew Hollenhorst, Citigroup’s US chief economist.

Click here for the full index overview

Investors in Asia failed to agree on a common direction on Thursday.

Japan’s leading index rose in Tokyo Nikkei by 0.40 percent to 26,431.20 points.

For the Shanghai composite fell 0.61 percent to 3,285.38 points. of the Hang Seng it was even 2.17% weaker at 20,845.43 units.

After Wall Street reacted positively to the US Federal Reserve’s interest rate hike the night before, good spirits also spilled over to some Asian exchanges. However, investors are dissatisfied with a sustainable recovery. As for the central banks of South Korea and Australia, they may now also tighten their tightening cycle.

Click here for the full index overview

About the author


Leave a Comment