The German stock market can largely compensate for its initial losses.
The DAX lost 0.63 percent to 15,473.80 points when the starting bell sounded and initially remains just in negative territory. As it progresses, it trades in a narrow trading range around the zero line. The TecDAX appears firmer after starting the day with a discount of 0.51 percent to 2,993.02 units.
On the last trading day of the week, the German leading index initially picked up the weak previous day in the wake of interest rate concerns. In the DAX, investors’ attention is primarily focused on the moving 200-day average line, which is currently at 15,543 points and was briefly broken through this morning. This line is considered an important indicator of the long-term trend. The lows in the summer months of July and August are also closely monitored. According to Jochen Stanzl, chief market analyst at broker CMC Markets, a slide below these summer lows would fit well with the seasonal pattern, as dpa reports.
The US stock markets are signaling support as Wall Street appears to be stabilizing after the losses of the last three trading days. Technology stocks in particular are expected to experience a recovery, as they have suffered particularly badly due to the US Federal Reserve’s recent interest rate signals.
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It is shaping up to be a quiet trading day on the European stock exchanges.
The EURO STOXX 50 At the start it only lost slightly by 0.04 percent to 4,211.04 points. It also appears close to the zero line as trading continues.
Investors are becoming increasingly nervous about the expectation that the interest rates of the largest central banks will remain at a high level. Both the US Federal Reserve, the Bank of England and the Swiss National Bank (SNB) decided at their recent meetings to pause interest rate increases, but to combat inflation the monetary authorities would have to take a step up this year keep an eye on it, according to the signals. Meanwhile, the Bank of Japan (BoJ) decided today, Friday, to maintain its ultra-low interest rates and its outlook for the future monetary policy to maintain.
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The US stock markets are expected to start the weekend with slight surcharges.
The Dow Jones Index as well as the NASDAQ Composite are expected to be slightly higher.
After the significant losses from the previous day, Wall Street is expected to start trading with slight gains on Friday. Particular attention will be paid to the release of the September service and manufacturing purchasing managers’ indices, which will be announced shortly after trading begins.
The latest economic data suggests that the US economy remains robust despite the Federal Reserve’s significant interest rate hikes. Initial jobless claims, which were released yesterday and surprisingly fell, indicate a stable labor market.
The solid economic situation should give the Fed the opportunity to continue taking measures against high inflation. In its interest rate decision this week, the Fed signaled that interest rates will remain high for an extended period of time. This led to dampened market sentiment, rising yields and downward pressure on prices.
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The most important stock markets in the Far East were mixed on Friday.
The leading index was presented in Tokyo Nikkei ultimately a little easier with a minus of 0.52 percent at 32,402.41 points.
The won on mainland China Shanghai composite ultimately 1.55 percent to 3,132.43 points Hang Seng in Hong Kong, meanwhile, climbed 2.28 percent to 18,057.45 units.
The focus was on the interest rate decision by the Bank of Japan (BoJ). It has reaffirmed its loose monetary policy despite rising price data and growing expectations of an imminent change in policy. The upper limit for ten-year government bonds remains at 1.0 percent. Short-term interest rates remain at minus 0.1 percent, the BoJ said.
With the BoJ failing to raise interest rates to combat inflation, investors around the world are closely watching any changes to their monetary policy.
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