The German stock market is undecided on Thursday.
That’s how he opened DAX 0.31 percent weaker at 16,059.22 points and can then turn moderately into positive territory. On the other hand lies the TecDAX remained in the red after being allowed 0.35 percent lower at 3,213.60.
The negatively received quarterly figures of the well-regarded US companies Tesla and Netflix are proving to be a burden.
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Investors held back on Europe’s stock exchanges on Thursday.
That’s how it started EURO STOXX 50 virtually unchanged at 4,360.92 points and now continues to oscillate around the zero line.
The music is now playing in the individual values. The accounting season has started and the business figures from the USA are not unreservedly positive.
There is also some disappointment that the Chinese central bank has not lowered interest rates despite the recent weak economic data. Instead, Beijing relies on targeted programs for selected industries.
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On Wall Street, the signs were pointing to recovery on Wednesday.
The Dow Jones index was already a little firmer when the starting bell sounded. He then went further into the profit zone. It also left the 35,000 unit mark behind. It ended trading 0.31 percent stronger at 35,060.81 points. The tech-heavy one NASDAQ Composite also started higher and was then able to keep his green sign. His closing position: 14,358.02 digits (+0.03 percent).
In the USA, the reporting season is now slowly gaining momentum. However, market participants were surprisingly satisfied with the figures from the major US bank Goldman Sachs, which opened the books before the start of trading. Due to declining earnings and high depreciation, the money house reported a slump in profits in the second quarter. Tesla, Netflix, United Airlines and IBM also released their quarterly results after hours today.
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The stock exchanges in the Far East showed red signs on Thursday.
The leading Japanese index closed in Tokyo Nikkei down 1.23 percent at 32,490.52 points.
In mainland China, the lost Shanghai Composite 0.92 percent to 3,169.52 points by the end of trading. In Hong Kong the hang seng by 0.13 percent to 18,928.02 points.
New approaches by the Chinese government to support the country’s economy have meanwhile not done much for the stock markets, commented the market strategists at Deutsche Bank, according to dpa. Market participants complained about the lack of concrete measures after the intention to improve the conditions for private companies became known.
Investors also took a wait-and-see attitude in view of the US Federal Reserve’s interest rate decision next week and the forthcoming company results as part of the reporting season that has just started.
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