FRANKFURT (dpa-AFX)
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SHARES
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GERMANY: – SMALL GAINS – The US central bank has not further unsettled the markets with its tight monetary policy tightening course. The relief ensures further stabilization in the Dax (DAX 40) on Thursday. The broker IG appraised the leading German index two hours before the start of trading 0.24 percent higher at 13,518 points. During the night, the indication had even risen to 13,678 points. Investors on Wall Street already reacted very positively to the Fed the evening before. She had raised US interest rates by 0.75 percentage points, a little more than most experts had expected. But some had thought even more was possible than this, the biggest rate hike since 1994. The Fed is fighting the highest inflation in 40 years. Central bank chief Jerome Powell apparently managed the balancing act between tightening monetary policy and calming the markets: “Don’t expect hikes of 75 basis points to become common,” he said.
US: – PRICE GAINS – US stock markets ended significantly higher on Wednesday after an unusually large rate hike. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose by 1.00 percent to 30,668.53 points – albeit after five trading days in a row with heavy losses. In the middle of the week, prices on the Nasdaq technology exchange rose even more sharply. The US Federal Reserve raised interest rates sharply. It increases by 0.75 percentage points. However, many observers had also predicted a larger step. However, the sharp rise in interest rates is not likely to become the new normal. This caused some relaxation on the stock exchanges.
ASIA: – MIXED – The major stock markets in Asia were mixed on Thursday. After the US Federal Reserve’s surprisingly strong interest rate hike the previous evening, there was also relief in Asia. In Tokyo, the leading Japanese index Nikkei 225 rose by 0.9 percent shortly before the end of trading. In Hong Kong, on the other hand, there were losses. The Hang Seng Index (Hang Seng) lost 0.5 percent. The CSI 300 index (CSI 300), which includes the 300 most important companies in mainland China, gained 0.3 percent.
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DAX 13485.29 1.36
XDAX 13565.33 1.86
EuroSTOXX 50 3532.32 1.64
Stoxx50 3443.37 1.13
DJIA 30668.53 1.00
S&P 500 3789.99 1.46
NASDAQ 100 11593.77 2.49°
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BONDS / FOREX / CRUDE OIL
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PENSIONS:
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Bund future 144.90 -0.32%°
CURRENCY:
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Euro/USD 1.0440 -0.03
USD/Yen 134.3570 0.37
Euro/Yen 140.2730 0.35°
CRUDE OIL:
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Brent 119.02 $0.51
WTI $116.01 $0.70°
/jha/