Of the DAX started Wednesday trading down 0.48 percent at 13,131.12 points. It then temporarily moved to the zero line, but then gave way again. Most recently, it tends around the zero line. Of the TecDAX can, on the other hand, post surcharges after opening 0.44 percent lower at 2,986.41 points.
A week ago, the 14,000 point mark was still up for debate, but now the question is whether the 13,000 point mark is tenable. Experts from Commerzbank reported to the German Press Agency that investors’ willingness to take risks continued overnight. The US Federal Reserve Board meeting begins on Thursday.
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Of the EURO STOXX 50 was down 0.04 percent at 3,651.05 points when the starting bell sounded. He is now trading on green territory.
Investors in Europe are again holding back in view of the persistently high inflation rates and concerns about further interest rate hikes. Fears of a recession continue to weigh over the market like the sword of Damocles.
The US central bankers’ meeting in Jackson Hole is scheduled for Thursday, at which Fed Chair Jerome Powell will also speak.
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Of the Dow Jones the session opened a marginal 0.03 percent lower at 32,899.01 points and is now trending slightly upwards. The tech-heavy one NASDAQ Composite meanwhile, posted moderate gains after falling 0.05 percent to open at 12,375.15 points.
Market participants are already eagerly awaiting the central bankers’ meeting in Jackson Hole, which begins on Thursday. Investors expect the US Federal Reserve to continue tightening to fight inflation.
Meanwhile, fresh US economic data hardly cause any movement. Orders for durable goods stagnated in July – analysts had expected an average increase of 0.8 percent. Meanwhile, the number of pending home sales has fallen less than expected.
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In Tokyo he lost Nikkei ultimately 0.49 percent to 28,313.47 points.
In mainland China, the Shanghai Composite 1.86 percent weaker at 3,215.20 points. Of the hang seng in Hong Kong posted losses of 1.20 percent to 19,268.74 index points.
Not much had changed in terms of negative factors: fears of inflation and interest rates weighed on the market, but fears of an economic downturn – especially in China – weighed on investor sentiment on the Asian markets. According to Dow Jones Newswires, one trader criticized that the inflationary environment, particularly in the US, did not go with recession concerns. Fed Chair Jerome Powell could therefore make hawkish comments at the US Federal Reserve Board meeting tomorrow.
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