FRANKFURT (dpa-AFX)
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SHARES
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GERMANY: – SIGNIFICANTLY IN THE MINUS – After the US Federal Reserve’s third key interest rate hike of 0.75 percentage points in a row, the Dax (DAX 40) dropped significantly again on Thursday. About two and a half hours before the start of Xetra, the broker IG estimated the leading German index to be 2 percent lower at 12,509 points. This threatens another test of the round mark of 12,500 points, which already served as support in July and March. For a short time, it fell below an annual low of 12,390 points, which is now coming into focus again. On Wall Street, the most important indices had already reached new lows since July the previous evening. At 3 to 3.25 percent, the US key interest rate in the fight against high inflation has reached its highest level in 14 years. With the strict monetary policy there is a growing risk that the central bank will soon slow down the economy so severely that the job market and economy will be stalled. “I wish there was a painless way,” said Fed Chair Jerome Powell. “There isn’t one.”
US: – LOSSES AFTER FED DECISION – Next strong one rate hike The US Federal Reserve finally spooked investors on Wall Street on Wednesday. After ups and downs after the rate hike, the Dow Jones Industrial (Dow Jones 30 Industrial) lost 1.70 percent to 30,183.78 points. In late trading, the pressure to sell increased, and the leading index fell to its lowest level in more than two months. The Fed continues its vigorous fight against high inflation. It raised interest rates by 0.75 percentage points for the third time in a row. It is now in the range of 3.0 to 3.25 percent and has reached its highest level in 14 years. With the strict monetary policy, there is a growing risk that the central bank could soon slow down the economy so much that the job market and the economy are stalled. The market-wide S&P 500 fell 1.71 percent to 3789.93 points. The technology index NASDAQ 100 lost 1.80 percent to 11,637.79 points.
ASIA: – DOWN – Stock markets in Asia lost ground on Thursday after the US Federal Reserve’s decision the previous evening. In Tokyo, the leading Japanese index Nikkei 225 fell by around half a percent in late trading. In Shanghai, the CSI 300 index (CSI 300) with the 300 most important companies on the Chinese mainland exchanges lost almost one percent. The stock market in the Chinese special administrative region of Hong Kong went down even more. There, the leading index Hang Seng lost almost two percent in afternoon trading there.
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DAX 12767.15 0.76%
XDAX 12590.23 -0.4%
EuroSTOXX 50 3491.87 0.71%
Stoxx50 3458.51 0.82%
DJIA 30183.78 -1.7%
S&P 500 3789.93 -1.71%
NASDAQ 100 11637.79 -1.8%
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BONDS / FOREX / CRUDE OIL
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PENSIONS:
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Bund future 141.09 -0.08%
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CURRENCY:
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Euro/USD 0.9831 -0.06%
USD/Yen 144.81 0.49%
euro/yen 142.38 0.41%
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CRUDE OIL:
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Brent 90.24 +$0.41
WTI 83.30 +$0.36
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