Frankfurt (Reuters) – After the sell-off at the start of the week, the Dax will start with little change on Tuesday, according to calculations by banks and brokerage houses.
On Monday, the leading German index fell three percent below the 15,000 point mark. The collapse of California’s Silicon Valley Bank (SVB) had torn the banking sector down in particular. On Wall Street, the bankruptcy fueled speculation of lower rate hikes, which buoyed tech stocks. “For the first time in six weeks, the market is pricing in year-end Federal Reserve rate cuts,” said Konstantin Oldenburger, market analyst at broker CMC Markets.
Market traders are hoping for further indications of the future rate hikes by the US Federal Reserve from the figures for inflation in the United States in February, which will be available during the course of the day. Analysts polled by Reuters expect inflation to fall to 6.0 percent from 6.4 percent in January. The US Federal Reserve is still a long way from its target of 2.0 percent.
When it comes to individual values, investors take a close look at the figures from Fraport, the operator of Germany’s largest airport in Frankfurt. Wacker Chemie, Teamviewer, Wacker Neuson and Dermapharm also provide insight into the books. At Volkswagen, investors are also hoping for information on the timetable for the new software strategy and the capacity utilization of the plants from CEO Oliver Blume at the balance sheet press conference.
Closing prices of European indices as of
on the previous trading day
dax
14,959.47
Dax future
14,961.00
EuroStoxx50
4,096.54
EuroStoxx50 Future
4,092.00
US indices closing prices at level change
previous trading day
Dow Jones
31,819.14 -0.3 percent
Nasdaq
11,188.84 +0.5 percent
S&P 500
3,855.76 -0.2 percent
Asian indices on Tuesday stand change
Nikkei
27,177.91 -2.4 percent
Shanghai
3,249.86 -0.6 percent
hang seng
19,326.26 -1.9 percent
(Report by Stefanie Geiger. Edited by Christian Götz. 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)