The leading German index could welcome Thursday trading with losses.
The DAX had closed 0.19 percent lower at 15,741.37 points the day before. The TecDAXclosed down 0.37 percent at 3,129.36 points.
With a negative start, the DAX could slip back to the weekly low of 15,676 points from the previous day. Technically, it is the 15,500 point mark and the 200-day line just below it that remain in focus.
The specifications from Wall Street are negative: There, strong economic data had caused a burden, and bond interest rates had continued to rise, said analyst Stephen Innes from SPI Asset Management. The market is preparing for a possibly longer rate hike cycle by the US Federal Reserve. There were no signals of falling interest rates.
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The European stock exchanges went down in the middle of the week.
The EURO STOXX 50 started trading lower and subsequently remained in red territory. It ultimately closed 0.72 percent lower at 4,238.26 points.
High oil prices and bond yields depressed the mood, as Commerzbank experts told the German Press Agency. Headlights from China were also negative as weak August Caixin services data, released the day before, lingered.
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The US stock exchanges posted losses in the middle of the week.
The Dow Jones index opened the session a little easier and then continued to soften. Ultimately, it fell by 0.57 percent to 34,444.38 points. The NASDAQ Composite also lost at the start and significantly amplified his losses as the session progressed before ending the session down 1.06 percent at 13,872.47.
Higher oil prices, fueling concerns about inflation and the economy, weighed on the markets and speculation increased that the Fed could keep interest rates high for an extended period.
The purchasing managers’ index for the US services sector also came into focus: According to a survey by S&P Global, business activity in the US services industry weakened in August. The purchasing managers’ index calculated by S&P Global for the sector fell from 52.3 points to 50.5 points. Economists had expected 51.0 points. The composite index for production in the private sector – industry and service providers together – fell from 52.0 points to 50.2 points.
“Third quarter PMI numbers so far point to slowing economic growth after a robust second quarter,” Dow Jones Newswires quoted chief economist Chris Williamson as saying. “A renewed downturn in manufacturing goes hand in hand with a deteriorating picture in services.”
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On the stock exchanges in the Far East, Thursday trading is mostly down.
The Japanese Nikkei temporarily loses 0.43 percent to 33,097.06 points.
In mainland China it goes for the Shanghai Composite meanwhile by 0.58 percent down to 3,139.82 index points. In Hong Kong he loses hang seng also 0.95 percent to 18,274.91 points.
Meanwhile, sentiment in Japan remained upbeat, helped by the weak yen.
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