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War in Ukraine on ticker: DAX just over 13,000 points – Daimler Truck remains optimistic despite economic worries – Fraser continues to raise shares of HUGO BOSS – Salzgitter, Nordex in the spotlight | news

Volkswagen chief Diess doesn’t see Porsche’s IPO program in jeopardy. ver.di is asking for a 9.5% wage increase in the next wage round. RWE and ArcelorMittal work together on wind farms and hydrogen plants. Borussia Dortmund probably agrees with Ajax Amsterdam on Haller’s transfer. Crédit Agricole intends to increase its profits moderately over the next few years.

The German stock market posted discounts in the middle of the week.

of the DAX he opened the session with a 1.73 percent drop to 13,062.26 points and sometimes dropped below the all-important psychological threshold of 13,000 points over the course of the morning. More recently he is trading above the threshold again, but with still significant losses. of the TecDAX he is also at the bottom of the red after starting 0.88% lower at 2,825.02 points.

After a stabilization attempt on Tuesday, US futures on the German stock market are clearly down again on Wednesday. Investors continue to focus on high inflation, resolute central bank countermeasures with their interest rate hikes and related fears of a recession. The mood on the market therefore remains tense. After the last rate increase Fed Chairman Jerome Powell’s speech to the Senate Banking Committee this afternoon is likely to attract particular attention.

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European stock exchanges fell significantly on Wednesday.

of the EURO STOXX 50 it suffers heavy losses after trading from the previous day’s level of 3,494.00 units.

“Risk aversion is back,” says Dow Jones, echoing a market participant. The fear of a recession, due to high inflation and a rise in interest rates by central banks, is once again under control of the markets and is affecting the entire context: commodity prices are also falling sharply, yields bonds are falling, the dollar is rising, and Bitcoin has already finished its recovery. The impetus could come from Fed Chairman Jerome Powell’s hearing before the Senate Banking Committee in the afternoon.

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Positive signs were posted on Wall Street on Tuesday.

of the Dow Jones extended earnings while trading to close 2.15 percent higher at 30,532.17 points. He also left his mark of 30,000 points behind. of the NASDAQ composite It also posted strong rewards on Tuesday, gaining 2.51 percent to 11,069.30 points.

High inflation rates, interest rate hikes and fears of a recession continued to cause problems. Meanwhile, US President Joe Biden told Treasury Secretary Larry Summers that he does not expect an economic downturn. And even the president of the Federal Reserve Bank of St. Louis, James Bullard, assumes that the US economy will continue to grow this year.

In terms of economic data, information on existing home sales was released in May after negotiations began. Compared to the previous month, the number of inventory sales fell 3.4 percent, as announced Tuesday in Washington by the National Association of Realtors (NAR) brokerage. Experts had expected a slightly stronger drop of 3.7%.Click here for the full index overview

Far Eastern equity markets were weaker on Wednesday.

The main Japanese index was listed in Tokyo Nikkei at the end of trading, down by 0.37 percent to 26,149.55 points.

The Shanghai composite meanwhile it fell 1.20 percent to 3,267.20 points. of the Hang Seng it eventually dropped 2.56 percent to 21,008.34 units.

The positive sentiment of the previous day was no longer felt on Asian stocks in the middle of the week. Market participants had already suspected an intermediate technical recovery behind the gains. A strong Wall Street model was only able to support the indices in Asia in the beginning, over the course they became negative in some cases: the fear of stagflation has again dominated.

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