The German stock market appeared stronger on Thursday.
That’s how he opened DAX The session opened 0.50 percent higher at 15,537.87 points and is currently in green territory. The TecDAX also increases. It had previously started trading with a gain of 0.28 percent at 3,043.48 points.
“On the stock market, hope for an earlier than previously expected monetary policy change by the US Federal Reserve Bank is back,” quotes dpa-AFX analyst Jochen Stanzl from the trading company CMC Markets. After the Fed minutes the evening before, US bond yields fell – which provided relief. As the minutes state, the monetary policy debate at the Fed has shifted. The key interest rates have reached near the peak and so the question is less about the level of interest rates and more about how long they will be kept at an elevated level. Investors are now eagerly awaiting US consumer prices (CPI) after producer prices were slightly higher than expected the day before.
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Things are looking up on the European stock exchanges on Thursday.
The EURO STOXX 50 is currently in the profit zone after starting a marginal 0.05 percent higher at 4,202.79 points.
Investors remain focused on further developments in Israel as well as the interest rate policy of the US Federal Reserve. The Fed minutes were published the evening before and provided relief. In addition, the overall good mood continues to be supported by falling bond yields. Investors are now eagerly awaiting US consumer prices (CPI) after producer prices were slightly higher than expected the day before.
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The US markets went up in the middle of the week.
The Dow Jones Index After a trip into the loss zone, it managed to get back into green territory late on and closed with an increase of 0.19 percent to 33,804.48 points. The technology-heavy one NASDAQ Composite went into the end of the day 0.71 percent higher at 13,659.68 points.
The sharp decline in yields in the US bond market provided a slight tailwind on Wednesday. The reason was various Fed representatives who spoke out in favor of an end to the interest rate increases. The pre-market producer prices for September were slightly higher than expected. They increased by 0.5 percent compared to the previous month and were 2.2 (previous month: 1.6) percent above the level of the same month last year. This was more than previously expected. On the corporate side, investors looked to Birkenstock’s IPO. The German shoe manufacturer’s issue price was in the middle of the previously set range. At this price, Birkenstock receives a valuation of approximately $8.6 billion. However, the initial price of $41 was below expectations.
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The stock exchanges in the Far East posted profits on Thursday.
The leading index rose in Tokyo Nikkei ultimately by 1.75 percent to 32,494.66 points.
The listed in Shanghai Shanghai composite meanwhile 0.94 percent higher at 3,107.90 points. In Hong Kong he laid Hang Seng by 1.93 percent to 18,238.21 units.
The positive mood on the market was explained by the further fall in US bond yields. The market said fears among investors about rising borrowing costs were easing after Fed officials adopted a more “dovish” tone. Investors would hope that the US Federal Reserve would take a break from raising interest rates. In China, meanwhile, bank shares were in demand after state-owned Central Huijin Investment increased its stake in four major Chinese banks.
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