The German stock market was able to make up for a large part of its interim losses on Monday.
The DAX was a little firmer at the starting bell, but then quickly turned negative. Towards the afternoon, however, the German stock exchange barometer recovered its losses and then fluctuated in a narrow trading range around Friday’s closing price. Ultimately, the German stock exchange barometer went 0.11 percent lower at 15,813.06 points after work.
The TecDAX also started a little harder and then turned negative. Unlike the leading index DAX, however, the TecDAX ended the session quite clearly in the red, ultimately losing 0.62 percent (closing price: 3,133.22 units).
After a week of significant losses, the DAX stabilized slightly. Concerns about interest rates and the economy, as well as the price slump at Siemens Energy, had caused the DAX to slip below its 21- and 50-day lines last week and clouded the chart image.
Due to the failed mercenary uprising in Russia at the weekend, investors expect unrest on the foreign exchange and commodity markets in the coming days. Some are anticipating a flight to US Treasuries or the dollar and predicting heightened volatility in commodity markets, which are seen as sensitive to political shocks from Russia.
With regard to economic data, the focus was on the ifo index, which reflects the mood in the boardrooms of German companies. In June, this deteriorated more than expected (88.5 points), with business expectations in particular falling significantly.
Click here for the complete index overview
The European stock exchanges closed just above the zero line at the start of the week.
The EURO STOXX 50 Monday business started slightly firmer, then fell slightly into the red. However, it then changed direction and closed in the profit zone: the EURO STOXX 50 ended the session at 4,280.41 index points (plus 0.21 percent).
Neither the foreign exchange market nor the interest rate side provided any significant impulses in the morning and in Asia only the continued weakness of the Shanghai stock exchange was noticeable. In the morning, special attention was paid to the German ifo business climate index, which weakened more than expected in June.
Click here for the complete index overview
The US stock exchanges start the new trading week with slight discounts.
The Dow Jones index opened a marginal 0.01 percent lower at 33,730.79 points and then remained in the area of the entry price, recently a slightly positive trend prevailed.
The tech-heavy one NASDAQ Composite started at 13,468.74 points (minus 0.18 percent). After a trip to green territory, the tech index is now lower again.
After the generally rather weak previous week, the US stock exchanges showed little change overall on Monday. There is a lack of fresh impetus from companies. The latest economic data has recently caused disillusionment in both the USA and Germany, which is why a growing number of investors are realizing the profits of the past few weeks.
Furthermore, the prospect of further increases in interest rates is dampening the buying mood of US investors. The focus of the market is now the annual central bankers’ forum taking place this week in the small western Portuguese town of Sintra. Investors are hoping for new insights into the next monetary policy measures from the event.
Click here for the complete index overview
At the start of the week, the Asian stock exchanges went down.
The leading Japanese index Nikkei was 0.25 percent lower at 32,698.81 points at the end of the trading day.
In mainland China, the bourse resumed trading after a holiday break. The Shanghai Composite closed down 1.48 percent at 3,150.62 units. In Hong Kong he showed up hang seng finally 0.51 percent weaker at 18,794.13 points.
Investors’ reluctance was further reinforced by concerns about the economy. In addition, negative guidance from Wall Street had impacted sentiment. Investors were concerned about rising interest rates and their potentially negative impact on the global economy.
Federal Reserve Chairman Jerome Powell has stressed that further rate hikes are likely this year as US inflation is well above the Fed’s target of 2 percent. Several central banks have also hiked interest rates over the past week, with the Bank of England doing so even more than expected. In addition, the expected economic stimulus package to stimulate the Chinese economy has not yet been implemented. The developments in Russia over the weekend, on the other hand, have had little impact on the situation.
Click here for the complete index overview