In the middle of the week, investors in Germany were confident.
The DAX was up slightly at the start of trading and continued to add gains throughout the day. He was able to climb over the psychologically important 16,000 point mark. Ultimately, the German stock exchange barometer rose 1.47 percent to 16,023.00 points.
The TecDAX opened slightly higher and continued to gain as it progressed. When the closing bell sounded, it was listed at 3,180.51 points (plus 1.79 percent).
Investors focused on the United States on Wednesday. Inflation data for the month of June were published here in the early afternoon. According to the US Department of Labor, consumer prices rose 0.2 percent mom and 3.0 percent year-on-year in June, the lowest rate in more than two years. Meanwhile, core consumer prices rose 0.2 percent for the month and 4.8 percent for the year. The US Federal Reserve’s Beige Book will be published in the evening.
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The European stock exchanges went up on Wednesday.
The EURO STOXX 50 went into trading with little change, but then increased more significantly over the course of the year. At the end of trading, gains were 1.72 percent at a closing price of 4,360.46 points.
On Wednesday, European investors had been eagerly awaiting the US inflation data released early in the afternoon. Consumer prices rose 0.2 percent month-on-month in June and 3.0 percent year-on-year. Meanwhile, core consumer prices rose 0.2 percent month-on-month and 4.8 percent year-on-year. The US Federal Reserve’s Beige Book will also be published in the evening.
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Bulls dominated Wall Street on Wednesday after lower-than-expected US inflation numbers.
The Dow Jones index closed up 0.26 percent at 34,349.27 points. The tech-heavy one NASDAQ Composite also gained 1.15 percent to 13,918.96 points.
Consumer prices rose 3.0 percent year-on-year in June, the lowest rate in more than two years. Core inflation was 4.8 percent.
“The classic inflation rate seems to be leveling off in the Fed’s target range. Now the stock market traders can hope that the Fed will only turn the interest rate screw once more,” said market analyst Thomas Altmann from QC Partners, according to the German Press Agency. In the evening, all eyes turned to the US Federal Reserve’s Beige Book. According to a survey by the US Federal Reserve, economic activity in the USA has recently developed somewhat better.
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The majority of Asian stock markets gave up on Wednesday.
The leading Japanese index Nikkei ultimately presented itself 0.81 percent lower at 31,943.93 points.
In mainland China, the Shanghai Composite meanwhile, at the close of trading 0.78 percent weaker at 3,196.13 units. In Hong Kong he won hang seng however, 1.08 percent to 18,860.95 points.
The latest US consumer price data will be released in the early afternoon Central European Time. Inflation is expected to ease, fueling hopes that the US Federal Reserve could finally pause interest rates in July. Actually, the market is fixed by another one rate hike went out. The Hong Kong stock market was firmer on hopes for an acceleration in credit growth in China.
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