War in Ukraine in ticker: US exchanges should be firmer ahead of US interest rate decision – DAX lighter – VW with strong quarter – Uber, Moderna, Siemens Healthineers, CANCOM, Fresenius, FMC featured | news

Reluctance prevailed on the German stock market on Wednesday.

of the DAX started with a 0.13 percent discount at 14,020.90 points and is currently moving slightly lower. of the TecDAX it fell 0.18 percent to 3,079.15 points at the start of trading and made the jump over the year.

In the middle of the week, investors are focusing on the US Federal Reserve’s interest rate decision, expected in the evening. A sharp rise in the reference rate should fight high inflation. Equities are therefore becoming less attractive to investors, while higher yielding bonds are becoming more popular. Corporate financing costs rise as interest rates rise, which could hurt profits.

Additionally, investors direct their attention to the current quarterly reporting season. In the middle of the week, Fresenius, FMC, Siemens Healthineers and TeamViewer, among others, presented their first quarter data.

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Investors in Europe will put the brakes on Wednesday and wait and see.

of the EuroSTOXX 50 it recorded slight losses (-0.07 per cent) at 3,758.44 points at the start of trading and is currently also in the red.

The US Federal Reserve is expected to decide on the interest rate in the evening. The market expects the key interest rate to rise by at least 50 basis points. The next question and answer session with Fed President Jerome Powell is also eagerly awaited. Since inflation has developed very strongly, other interest rate measures are also conceivable.

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US stocks are expected to be up slightly in the middle of the week.

of the Dow Jones it fluctuated a lot over the course of trading, but eventually buyers took over and sent the major US index late in the day with a 0.20 percent increase to 33,127.01 points. of the NASDAQ composite it was also volatile, and investor uncertainty was felt here as well. The technological value index closed with a plus of 0.22% at 12,563.76 index points.

Investors’ eyes will be on the US Federal Reserve’s interest rate decision this evening. The market expects an increase of 50 basis points. The focus should therefore be in particular on the statements made by Fed President Jerome Powell at the subsequent press conference. Investors are hoping for more precise clues about the Fed’s further course of action, such as the pace of rate hikes.

As for the company, the quarterly reporting season continues with data from Moderna and Uber, among others. Lyft and Airbnb had already released their quarterly reports after trading day the night before.

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Asian trading venues remained quiet on Wednesday.

There were also no trading in Tokyo on Wednesday, the market remained on the holiday break. The main Japanese index Nikkei was down 0.11 percent to 26,818.53 points by the close on Monday.

of the Shanghai composite It also stayed on vacation, where it had been since Friday, when it closed up 2.41 percent at 3,047.06. of the Hang Seng in Hong Kong it fell Wednesday, closing down 1.10 percent at 20,869.52 points.

The US interest rate decision, scheduled for Wednesday evening, also prompted Asian traders to act cautiously. The market expects a larger rate hike.

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