European investors coped better than the previous days with the risk of an impending recession and returned to the equity markets on Wednesday. Of the dax stabilized and rose by 1.6 percent to 12,595 points. The stock exchanges were also supported by a strong price slide on the oil market from the previous day. “Sentiment remains bearish, however, as the threat of an economic downturn looms large,” warned Naeem Aslam, chief market analyst at brokerage firm Ava-Trade. In the past few weeks, attempts at recovery have repeatedly been followed by losses, some of them high. Market expert Andreas Lipkow from Comdirect wrote that the overall picture was not clear and unambiguous. There are always glimmers of economic hope and signs of a slowdown in inflation. Nevertheless, both interest rate concerns and recession fears repeatedly weighed on prices.
In terms of individual values, the recently badly battered shares of the Hellofresh delivery service benefited from a deal between Just Eat Takeaway and Amazon. In the wake of Just Eat Takeaway, whose shares in Amsterdam skyrocketed by 16 percent, Hellofresh gained 6.2 percent in the Dax. Under the terms of the agreement, Amazon Prime customers will be able to use Just Eat Takeaway’s Grubhub meal delivery service free of charge for one year. That looming threat of increased competition weighed on Uber’s stock. The shares of the ride-hailing service, which also delivers meals, fell 4.5 percent on the New York Stock Exchange. Delivery Hero also fell 4.1 percent in the M-Dax. Uniper stocks continued their series of losses at a discount of almost three percent. The supplier wants to slip under a government protective umbrella because of the reduced gas deliveries from Russia and an imminent delivery stop.
It was on Wall Street Dow Jones 0.5 percent down at mid-market. Investors eagerly awaited the publication of the minutes of the US Federal Reserve’s most recent meeting later in the evening. Investors were hoping for insights into how quickly the Fed will hike rates to curb inflation.