Of the DAX started trading a little higher and was able to extend its gains as it progressed. In the afternoon it reduced its plus again somewhat, but was able to increase by 0.68 percent to 13,910.12 points at the end of trading. Of the TecDAX moved lower after starting barely firmer. Ultimately, he lost 0.34 percent to 3,177.32 points.
In US trading the previous evening, weak US economic data had supported expectations that the US Federal Reserve could exercise more caution with its rate hike course going forward.
Meanwhile, the economic expectations of stock market and financial experts for Germany continued to cloud over in August, contrary to forecasts. The assessment of the current situation also gave way. The expectation index collected by the ZEW fell to minus 55.3 points, while the index for assessing the economic situation fell to minus 47.6 points. Meanwhile, Credit Suisse abandoned its bullish stance on global equity markets amid mounting economic risks. On the company side, the reporting season has now come to an end.
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Of the EURO STOXX 50 posted small premiums during the day and ended trading 0.41 percent firmer at 3,805.22 points. Previously, he had already gone into the session a little stronger.
Investors eagerly awaited the economic data from the USA. Meanwhile, a look at the calendar showed that the reporting season was coming to an end, while many market participants were still on summer vacation.
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Of the Dow Jones the session started little changed and then continued to climb into green terrain. Most recently, it increased by 0.74 percent to 34,151.81 points. The tech-heavy one NASDAQ Composite was in the red at the start. It then switched signs before closing 0.19 percent lower at 13,102.55.
“I wonder how long this will go well, even if inflation comes back a little from its highs,” commented analyst Craig Erlam from the trading house Oanda on the latest market movements to the German Press Agency. “Recessions around the world are coming and inflation isn’t falling fast enough.”
Just before the end of the accounting season, US retailers Home Depot and Walmart opened their books.
Industrial production figures for June came in stronger than expected.
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In Tokyo he noted Nikkei at the end of trading marginal 0.01 percent lower at 28,868.91 points.
In mainland China, the Shanghai Composite by 0.05 percent to 3,277.89 points. Of the hang seng in Hong Kong, on the other hand, posted a discount of 1.05 percent to 19,830.52 units.
On the one hand, investors are currently concerned about a global slowdown in the world economy, on the other hand, there is hope that the central banks could slow down their rate hikes due to the recent weak economic data from the USA and China. The People’s Bank of China surprisingly cut important interest rates on Monday to support the economy.
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