Investors on the German stock market were undecided on Tuesday.
The DAX started the trading day just below its previous day’s close. In the meantime it turned into profit, but then fell back below the zero line. However, he was able to make up his losses by the end of trading. It ended the session marginally 0.09 percent higher at 15,251.69 points. The TecDAX started slightly in the red. As the day progressed, he significantly increased his losses. Recently, however, it approached its previous day’s closing price again and ended the session only 0.02 percent lower at 2,940.70 points.
According to expert Jim Reid from Deutsche Bank Research, it looks as if the markets are currently in a “very dangerous holding pattern,” reported dpa-AFX. Since the conflict between Israel and Hamas has not yet escalated, the stock markets have so far been relatively stable.
In the morning, the ZEW economic expectations for October were available, which were less weak than expected at minus 1.1 points. Experts had expected minus 9.1 points (after minus 11.4 points in the previous month). The ZEW situation assessment was minus 79.9 points in October, after minus 79.4 points in September.
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The European stock exchanges were stable on the second trading day of the week.
The EURO STOXX 50 was only slightly in the red at the start of trading. In the meantime, he significantly increased his losses. Ultimately, however, it approached the zero line again and finally closed a marginal 0.06 percent higher at 4,152.32 points.
The conflict in the Middle East remains a main stress factor, although there is currently hope that the situation will de-escalate. According to dpa-AFX, Jim Reid from Deutsche Bank sees the markets in a “very dangerous holding pattern”. Accordingly, market participants consider further hedging measures to be unnecessary.
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The US stock exchanges appeared divided on Tuesday.
The Dow Jones Index started trading 0.34 percent lower at 33,869.84 points and then turned into green territory. The NASDAQ Composite The session opened 1.09 percent in the red at 13,419.87 points. However, over time he can limit his losses.
The Middle East war remains a central issue. According to market observers, hopes for diplomatic efforts still prevail. However, Stephen Innes of SPI Asset Management pointed out that the Israeli ground offensive in Gaza has not yet begun, according to Dow Jones Newswires. Should this begin, the mood could quickly change again.
On the economic side, data on US retail sales and industrial production were published. US retail sales posted an unexpectedly significant increase in September. Meanwhile, US industrial production rose slightly in September.
The accounting season continues with figures from Goldman Sachs, Bank of America and Johnson & Johnson, among others.
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Things went up on the stock exchanges in the Far East on Tuesday.
It rose in Tokyo Nikkei ultimately 1.20 percent to 32,040.29 points.
He won in Shanghai Shanghai composite In addition, 0.31 percent to 3,083.50 points. In Hong Kong he laid Hang Seng by 0.75 percent to 17,773.34 points.
The market was driven by hopes that diplomatic efforts could prevent a regional expansion of the war between Israel and the Palestinian Hamas. In addition, the US Federal Reserve Bank made a dovish comment on the matter monetary policy. Nevertheless, bond market yields rose.
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