War in Ukraine on Ticker: DAX Loses – Friendly American Stock Exchanges – Federal Government Calls for Emergency Plan Gas Alert – Siemens, E.ON, Rheinmetall, Tesla in the foreground | news

The German stock market is weaker on Thursday.

of the DAX it opened with less than 0.47 percent at 13,082.62 points and then initially dipped much deeper into the loss zone. Sometimes it dropped back below the 13,000 points, which it had briefly surpassed the day before. of the TecDAX it fell 0.21 percent early to 2,851.15 points and remains weak.

Statements by US Federal Reserve Chairman Powell the previous evening received a mixed reception. The Fed chief said the US economy is “very strong” but did not rule out a recession due to rising interest rates. This “doesn’t exactly calm things down,” Commerzbank analyst You-Na Park-Heger said, according to dpa-AFX. “The fact that the US Fed in particular is willing to stop the global economic engine to keep inflation in check is fueling concerns about an economic downturn,” said Emden Research analyst Timo Emden, according to “Reuters”.

The fact that the federal government today announced the second phase of the gas emergency plan also causes uncertainty.

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European stock exchanges are weaker on Thursday.

of the EURO STOXX 50 it fell 0.24 percent to 3,456.35 points at the start of trading, but was able to turn slightly into positive territory at times. Recently, however, it has returned to the red.

The indices of the purchasing managers will concentrate on Thursday. Corporate surveys from S&P Global indicate significantly slower economic growth in the United States. The composite index for manufacturing in the private sector – industry and service providers combined – fell from 53.6 points to 51.2 in June. The previously published indices of the purchasing managers of France and Germany indicate a further decline in growth. Corporate sentiment in the euro area also deteriorated significantly in June.

“It seems the only news these days is that a recession is more likely, which should further embed the bad mood of the stock market in the minds of investors,” Robomarkets told Dow Jones Newswires.

In the afternoon, the Turkish central bank announced that it will keep the key rate stable at 14 percent despite high inflation. However, President Recep Tayyip Erdogan has come out in favor of interest rate cuts.

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Wall Street is in green trading on Thursday.

of the Dow Jones increased 0.29 percent to 30,570.33 outdoor units. of the NASDAQ composite it was even able to increase 0.76 percent to 11,137.68 points at the start. Both indices remain above the zero line in the further course of trading.

The market environment continues to be very volatile. High inflation rates and the US Federal Reserve’s strict interest rate policy continue to cause further uncertainty. The day before the Senate Banking Commission, Fed Chairman Jerome Powell confirmed the rapid rate hike by the monetary authorities. However, the US economy is very strong and well positioned for a more strained economy monetary policy support. Meanwhile, investors fear the economy may slide into recession. Analysts at US bank JPMorgan believe the probability of the US falling into a recession in the next year is 35%.

The economic data included data on the US economy: according to a survey by S&P Global, activity in the US economy grew much slower than before in June and may decline in the third quarter.Click here for the full index overview

Far Eastern stock exchanges showed gains on Thursday.

Japan’s main index fell in Tokyo Nikkei at 26,171.25 points (+ 0.08%) he has just moved out of the session.

In mainland China, the Shanghai composite tires up 1.62 percent to 3,320.15 units. of the Hang Seng in Hong Kong it closed at 21,273.87 points, up 1.26%.

Somewhat acceptable specs came from the US, after falling market interest rates later Wednesday in trading had supported prices slightly. Fed Chairman Powell confirmed the US Federal Reserve’s monetary policy trend before the Senate Banking Committee and reaffirmed its clear focus on fighting inflation through aggressive interest rate hikes.

According to Commerzbank, Chinese stock exchanges also benefited from the fact that the Chinese finance minister announced an additional fiscal expense.

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