Keep an eye on the complete current trading day here.
1. DAX expected higher before start of trading
Of the DAX is expected 0.5 percentage points higher at 13,161.50 an hour before open.
2. Stock exchanges in the Far East at odds
In Tokyo it is increasing Nikkei temporarily by 0.31 percent to 27,739.98 points (08:00 CET). On the Chinese mainland, on the other hand, it rotates Shanghai Composite meanwhile on the plus side and is a minimum 0.03 percent higher at 3,278.37 points. Of the hang seng in Hong Kong temporarily loses 1.16 percent to 20,663.51 index points.
3. Deutsche Bank beats expectations with profit growth
Despite financial market turbulence, Deutsche Bank increased its profit in the second quarter and exceeded expectations. Deutsche Bank confirmed its return target of 8 percent for this year, which it had been pursuing for years. However, it makes compromises when it comes to the cost target. To the message
4. Mercedes-Benz with a surprisingly high profit
Despite declining car sales, Mercedes-Benz surprisingly increased both sales and adjusted operating profit in the second quarter. The Stuttgart DAX Group continued to benefit from good demand for premium cars and high selling prices. Mercedes-Benz Group AG increased its outlook for the year as a whole. To the message
5. BASF has more confidence for the year as a whole
Business at the world’s largest chemical group, BASF, also went well in the second quarter. The company, which is listed on the DAX, raised its targets for 2022. For 2022, the group now expects sales to increase to between 86 and 89 billion euros, as BASF announced in Ludwigshafen on Wednesday. To the message
6. Fed before another rate hike
The US Federal Reserve is about to raise its key interest rate for the second time to combat the high inflation rate. The decision on the further course of the monetary policy of the Federal Reserve (Fed) will be announced on Wednesday (20:00 CEST). Another rate hike of 0.75 percentage points to a range of 2.25 to 2.5 percent is expected. To the message
7. Google’s parent Alphabet is growing – profits are declining
Google is also feeling the effects of the downturn in the online advertising market: The business grew more slowly in the past quarter and the profit of the parent company Alphabet fell significantly. At the same time, the online giant demonstrated that it is well positioned to weather the market weakness better than its smaller competitors. To the message
8. Massive loss in Q2 – Credit Suisse boss Gottstein leaves
Credit Suisse also ended the second quarter of 2022 with a massive loss. As already announced in June, a strongly negative result in the investment bank in particular has pulled the big bank into the red. The bottom line for the second quarter is a loss of 1.6 billion francs (1.62 billion euros), as the bank announced on Wednesday. In the same quarter of the previous year, she had still made a profit of 253 million francs. To the message
9. Oil prices: flood of data plus Fed rate decision
the oil prices presented themselves with slightly recovered prices. As of around 7:30 a.m. ET, the next-dated WTI future was up 0.39 to $95.37, while its Brent counterpart was up 0.16 to $99.62.
10. Euro: Well under $1.02
Of the Euro was trading well below the $1.02 mark on Wednesday morning. In early trading, the European single currency cost $1.0150, about the same as the previous evening. The European Central Bank (ECB) set the reference rate at $1.0124 on Tuesday afternoon.
Image sources: Frankfurt Stock Exchange