Of the DAX started the trading day a little easier and then remained in the loss zone. At the end of trading, it was 0.86 percent lower at 13,096.93 points. Of the TecDAX opened just barely in the red but slipped deeper into the red as the day progressed, eventually ending the session down 0.62 percent at 2,993.09.
Until the Fed’s interest rate hike and their plans for it are known, investors lack essential points of reference. On Wednesday, the Fed will comment on how it will proceed – this should also be of great interest to domestic investors. The US data are particularly burdensome at the moment, they are making it increasingly clear in all areas of life how much inflation is putting a strain on consumers’ wallets. Walmart issued a profit warning after the stock market closed on Monday.
In Germany, however, gas worries arose again, as GAZPROM will only supply 20 percent of Nord Stream capacity from Wednesday.
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Of the EURO STOXX 50 was marginally lighter when the stock market opened. The index subsequently failed to break even. It finally fell by 0.80 percent to 3,575.36 units.
In addition to important US company reports, which will be presented after the close of trading in New York by Alphabet and Microsoft, among others, the eyes of European Brsians are already on the Fed’s interest rate decision on Wednesday. An interest rate hike of 0.75 percent is expected, and traders are also hoping for information on the US Federal Reserve’s future plans.
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Of the Dow Jones slipped 0.72 percent to 31,760.85 points in the course of trading. For the technology-heavy NASDAQ Composite it also went down 1.87 percent to 11,562.57 points.
Investors are already turning their eyes to the US Federal Reserve’s upcoming interest rate hike on Wednesday. An increase of at least 75 basis points is expected. Meanwhile, US consumer sentiment clouded over in July.
In addition, the quarterly balance sheets of numerous companies moved into the focus of market participants. McDonald’s, Coca-Cola, 3M and General Motors, among others, presented their figures for the past quarter.
After the US stock market closed, the big tech companies followed with Google’s mother Alphabet and Microsoft. Meta will present its quarterly balance sheet on Wednesday, and it will be Amazon, Apple and Intel’s turn on Thursday.
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In Tokyo he had to Nikkei ultimately suffered slight losses of 0.16 percent to 27,655.21 points.
In mainland China, the won Shanghai Composite at the end of trading 0.83 percent to 3,277.44 points. Of the hang seng Hong Kong was up 1.67 percent to 20,905.88 index points from Tuesday trade.
The market-dominating topic on Asian stock markets was the US Federal Reserve meeting, which will take place on Wednesday. In general, after the economic signals have cooled off recently, an interest rate hike of 75 basis points is expected, which should also be considered priced in after 100 basis points were recently passed around as a scenario. The prospect of government aid to support the struggling real estate sector also had a price-supporting effect in China. The People’s Republic plans to set up a real estate fund of up to $44 billion to support real estate developers. A talk that was announced later in the week between China’s President Xi and his US counterpart Biden on reducing mutual punitive tariffs also gave rise to hope.
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