FRANKFURT (dpa-AFX)
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SHARES
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GERMANY: – EARNINGS – After the more moderate interest rate signals from the US Federal Reserve, the Dax (DAX 40) should really get going again on Thursday. The broker IG assessed the leading German index around two and a half hours before the start of trading 1.4 percent higher at 14,595 points. This marks a new high since June, and the Dax is once again on course for the then interim high of 14,709 points. At an event on Wednesday, Fed Chairman Jerome Powell underpinned the prospect of smaller rate hikes, triggering a price rally on Wall Street. “Powell said nothing new per se, but his words still had an impact,” said portfolio manager Thomas Altmann of QC Partners. It’s no surprise that Powell is “slowly saying goodbye” to the “huge rate hikes” of 0.75 percentage points several times in a row, Altmann continued. Even before Powell’s speech, only 0.5 percentage points had been priced in for December, which has not changed now. But: “Positive messages are just gladly heard on the stock exchange at the moment.” The US labor market report for November on Friday could also be such a message, namely if it turns out to be quite weak, as expected, and thus takes monetary policy pressure off the Fed.
USA: – GWINNE – US Federal Reserve Chairman Jerome Powell gave US stocks a strong tailwind on Wednesday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose by 2.18 percent to 34,589.77 points and climbed to its highest level in a good seven months. Among other things, Powell had suggested that December could be the time for more moderate rate hikes. Shortly before Powell’s statement, the Dow was still in the red. Prices on the technology-heavy Nasdaq stock exchange rose even more sharply. The growth stocks listed there are considered to be particularly interest-dependent. Should interest rates rise less sharply, the chances of higher valuations for tech stocks on the Nasdaq increase. The NASDAQ 100 gained 4.58 percent to 12,030.06 points. But also in the Dow, three tech giants, Apple, Microsoft and Salesforce, were the biggest price beneficiaries. The market-wide S&P 500 increased by 3.09 percent to 4080.11 points.
ASIA: – GAINS – Signals that interest rate hikes in the US will initially slow down gave Asian stock markets a tailwind on Thursday. The CSI 300 Index (CSI 300), which lists the 300 most important Chinese companies on the mainland stock exchanges, rose 1.3 percent and the Hang Seng Index (Hang Seng) in the Hong Kong SAR rose by 1.2 percent. In Japan, Tokyo’s leading index, the Nikkei 225, closed 0.9 percent higher.
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DAX 14397.04 +0.29%
XDAX 14564.40 +1.09%
EuroSTOXX 50 3964.72 +0.77%
Stoxx50 3795.90 +0.80%
DJIA 34589.77 +2.18%
S&P 500 4080.11 +3.09%
NASDAQ 100 12030.06 +4.58%
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BONDS / FOREX / CRUDE OIL
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PENSIONS:
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Bund future 141.87 +0.15%
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CURRENCY:
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Euro/USD 1.0445 +0.36%
USD/Yen 136.41 -1.21%
Euro/Yen 142.48 -0.86%
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CRUDE OIL:
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Brent 86.84 -$0.13
WTI 80.51 -$0.04
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/mis