dpa-AFX trading day at a glance: Expected to be negative

FRANKFURT (dpa-AFX)

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SHARES

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GERMANY: – LOSSES – A recovery of the Dax (DAX 40) is not in sight on Wednesday either. After its most recent series of losses, the broker IG valued the leading German index a good two hours before the start of Xetra, down 0.3 percent to 12,178 points. Investors don’t dare to come out of cover before important events. However, it still remains at a distance from the psychologically important mark of 12,000 points. Despite its losses, the Dax has recently been doing surprisingly well against poor specifications from the USA, according to market observer Thomas Altmann from asset manager QC Partners in the morning. Within a week, the Dax lost 2.4 percent, but the Dow 3.4 percent and the Nasdaq 100 index even 6.8 percent. Technology stocks, which are sensitive to the economy, continued to plummet there in view of the ongoing fear of significantly rising interest rates.

US: – DOW JONES UP; NASDAQ DOWN – US stock exchanges remain cautious. On Tuesday, an interim, broad-based recovery attempt fizzled out and only the Dow Jones Industrial (Dow Jones 30 Industrial) was able to save itself after four consecutive days of losses. Technology stocks, which are sensitive to the economy, continued to plummet given the ongoing fear of significantly rising interest rates. The Dow rose 0.12 percent to 29,239.19 points. The market-wide S&P 500 fell 0.65 percent to 3588.84 points. This stock market barometer had meanwhile slipped to its lowest level since November 2020. The technology index NASDAQ 100 lost 1.24 percent to 10,791.35 points.

ASIA: – NIKKEI 225 MAINTAINS, CSI 300 AND HANG SENG SIGNIFICANTLY DOWN – Asia’s major stock markets failed to find a unified direction on Wednesday. While Japan’s Nikkei 225 stabilized after losses on Tuesday, China and Hong Kong fell sharply on weak US guidance. The Chinese CSI 300 index (CSI 300) with the 300 most important companies on the mainland stock exchanges recently lost around one and a half percent. In the Chinese special administrative region of Hong Kong, the local technology-heavy leading index Hang Seng fell by more than two percent.

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DAX 12220.25 -0.43%

XDAX 12155.82 -1.5%

EuroSTOXX 50 3340.35 -0.49%

Stoxx50 3348.26 -0.36%

DJIA 29239.19 0.12%

S&P 500 3588.84 -0.65%

NASDAQ 100 10791.35 -1.24%

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BONDS / FOREX / CRUDE OIL

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PENSIONS:

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Bund future 136.00 -0.33%

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CURRENCY:

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Euro/USD 0.9713 0.04%

USD/Yen 146.20 0.24%

euro/yen 142.00 0.27%

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CRUDE OIL:

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Brent 93.81 -$0.48

WTI 88.73 -$0.62

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