Frankfurt (Reuters) – According to calculations by banks and brokerage houses, the Dax will start trading higher on Tuesday.
At the start of the week, the leading German index had fallen 0.6 percent to 12,893 points. Investors were unsettled by the prospect of sharp rate hikes and a looming recession after US Federal Reserve Chairman Jerome Powell primed financial markets for a long battle against inflation. Irrespective of this, the energy crisis in the European Union and Great Britain remains the determining factor for the German stock index, said analyst Konstantin Oldenburger from brokerage house CMC Markets.
Investors are keeping an eye on the inflation data for August, which is likely to continue to be characterized by very high energy costs. The strong rise in prices in Germany eased somewhat in July with an inflation rate of 7.5 percent for the second month in a row – also promoted by government relief measures such as fuel discounts and the nine-euro ticket, which expire in September.
Closing prices of European indices as of
on the previous trading day
dax
12,892.99
Dax future
12,962.00
EuroStoxx50
3,570.51
EuroStoxx50 Future
3,589.00
US indices closing prices at level change
previous trading day
Dow Jones
32,098.99 -0.6 percent
Nasdaq
12,017.67 -1.0 percent
S&P 500
4,030.61 -0.7 percent
Asian indices on Tuesday stand change
Nikkei
28,216.40 +1.2 percent
Shanghai
3,222.10 -0.6 percent
hang seng
19,834.29 -0.9 percent
(Report by Stefanie Geiger, edited by Ralf Banser. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets)