The German stock market grew slightly in the middle of the week.
The DAX opened almost unemployed. After he fell into the minus at times, he then worked slightly into the plus and ended the day 0.23 percent more firmly at 23,666.81 points.
Also the Tecdax went stable to the Wednesday trade and moved just in the profit zone in the further course. His final score: 3,656.65 points (+0.36 percent).
With the continued commuting around the mark of 23,600 points, the German leading index remained looking for direction and also under the 21-day line, the crossing of which would send a short-term positive chart technology signal. However, he has not succeeded since the end of August.
There were no more positive impulses from Wall Street, because the US exchanges paid a little tribute on the eve of their record hunting of the past few weeks. According to the experts at the NordLB, reserved statements by US Federal Researchers’ Bank Jerome Powell have the future Monetary policy In New York, the courses put pressure on the courses. There was talk of profit.
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Investors at the European stock markets stayed back on Wednesday.
So the Euro Stoxx 50 started and slipped moderately on red terrain in the further course. He said goodbye with a marginal minus of 0.05 percent at 5,469.65 points.
Europe’s stock exchanges reacted to the moderate guidelines of Wall Street. On Tuesday evening, the President of the US Federal Reserve, Jerome Powell, kept open the Fed’s further monetary policy course. In a speech, he emphasized that further development on the US labor market and price development were subject to risks. “The short -term inflation risks are directed upwards and the risks for employment down – a challenging situation,” said Powell. He also provided no evidence of how the next interest decision by the FED could be in October. Last week, the US Federal Reserve had reduced the key interest rate for the first time this year by 0.25 percentage points.
“An ever further decreasing tendency to buy is emerging, which results from the lack of trade impulses and the large number of overarching unresolved main topics,” said market expert Andreas Lipkow.
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The US exchanges ultimately listed in red on Wednesday.
The Dow Jones Started narrowly and then turned into the loss zone. He ended the trade 0.37 percent weaker at 46,121.28 points.
Also the tech value index Nasdaq Composite opened more, but then fell slightly into the minus. His final score: 22,497.86 points (-0.33 percent).
The day before, Powell emphasized in an outlook on economic development that there was no risk -free course for monetary policy in view of the tensions between persistent inflation risks and a cooling labor market. He also referred to a “quite high rating” of the stock markets. These statements attracted attention from investors and, according to Jürgen Molnar, capital market strategist at the broker Robomarkets, led them to act a little more carefully.
According to Molnar, the subsequent profit treatment could also be related to the impending budget lock in the United States, which is likely to be the topic again in the coming week. Despite the slightly subdued mood on Wall Street, a continuation of the course rally is not excluded-with a view to the so-called Fear-and-Greed index of the news channel CNN, which is still in a slightly “greedy” area.
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The stock exchanges in the Far East continue their positive development on Thursday.
In Tokyo it works for the Nikkei 225 temporarily 0.21 percent up to 45,730.17 points.
On the Chinese mainland, the Shanghai Composite In the meantime, 0.16 percent to 3,859.62 points.
In Hong Kong, the Hang Seng temporarily surcharges from 0.43 percent to 26,633.81 points.
The stock markets in Asia will present themselves on Thursday with slight serves. Stressed by the weaker guidelines of Wall Street, the indices initially launched behavior, but were able to recover in the course. In the United States, the latest record rally occurred. However, there is reluctance before the upcoming inflation data from the United States.
The price index of personal consumption editions (PCE) will be published on Friday – the level of inflation preferred by the US Federal Reserve. Fed boss Jerome Powell recently warned of risks for both the labor market and price stability. He avoided clear signals on possible interest reductions at the meeting in October. Powell emphasized that too fast relaxation policy could endanger the fight against inflation, while a course that was too restrictive would weaken the labor market.
In Japan, the focus is on the upcoming election of the new chairman of the Liberal Democratic Party (LDP), which also takes over the office of Prime Minister. The urn course on October 4th became necessary after Prime Minister Ishiba surprisingly declared his resignation. The reason was the weak results of the LDP in the upper house elections in July, as a result of which the government coalition lost its majority.
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