After the recent price slide, some investors have groped their way back to the European stock markets. A few hours before the Fed’s decision on monetary policy, however, they shied away from major purchases. the Dax closed on Wednesday 0.2 percent higher at 15,476 points. Investors waited eagerly for monetary policy signals. On the evening after the stock market closed in Europe, the US Federal Reserve announced its next steps – before colleagues in the euro zone, Great Britain and Japan will follow in the coming days.
Conspicuous individual values were rare. Infineon’s stocks recovered by 1.7 percent among the best DAX values after the investment bank Kepler Cheuvreux had filled the technology area of its German recommendation list with the papers of the semiconductor company. Aside from the major indices, Elmos Semiconductor shares shot up at their highest level since 2000. Analysts reacted happily to the sale of a semiconductor factory in Dortmund, which had been reported the day before. In view of the scarcity in the industry, it comes at the perfect time, praised Malte Schaumann von Warburg. A total of three analyst recommendations resulted in a price increase of around 15 percent. Südzucker shares were in demand and improved by 2.8 percent. Thanks to flourishing business in the sugar segment and the ethanol activities at Crop Energies, Europe’s largest sugar group grew significantly in the third quarter. With a sales increase of 17 percent, the consolidated operating result shot up by around 90 percent.
The focus on the London Stock Exchange was on Cineworld. The cinema operator’s titles fell by almost 40 percent at their peak. The background to this is the payment of almost one billion dollars demanded by a Canadian court, which Cineworld is supposed to pay the rival Cineplex as compensation for the waiver of a planned takeover. In New York, prices turned positive after the Fed interest rate decision. the Dow Jones was quoted 0.7 percent higher shortly before the close of trading. Naeem Aslam, chief market analyst at brokerage firm AvaTrade said, “In the stock market, investors were hoping to see the aggressive side of the Fed. They like the fact that the Fed is finally tackling inflation that has gotten out of hand.”