After the Easter holidays, investors are looking at the first Dax companies and how they are dealing with the major uncertainties on the market. The European Central Bank is sticking to its loose monetary policy for the time being, which should generally support prices. However, the consequences of the war in Ukraine and the omicron outbreak in China represent risks that are difficult to assess. “The markets are nervous, but cannot decide on a clear direction. In the past week of trading, the dax by 0.6 percent to 14,163 points. The dominant topic remains the war in Ukraine. In this context, investors fear new packages of sanctions. A gas and oil embargo, for example, would leave deep scars on both the economy and the stock markets. News about the war should therefore also set the direction for the markets this week.
Inflation and the reactions of the central banks to it are hovering over market events as a second uncertainty factor. The Council of the European Central Bank (ECB) left the key interest rate at a record low of zero percent, as the central bank announced after the Council meeting on Maundy Thursday. However, the monetary watchdogs confirmed that they were heading towards an end to their ultra-loose monetary policy. After producer prices in the USA rose more sharply in March than since the survey began in 2010, bad news in terms of inflation is also expected in Europe. The final figures for consumer prices in the euro zone will be published on Thursday.
After a weak week, the start of the season of quarterly reports could provide tailwind for the German stock market. The round of numbers will be opened by Sartorius on Thursday. SAP is the first Dax heavyweight to follow on Friday.
Easter Monday traded on Wall Street. Of the Dow Jones found no clear direction and ended the trading session a little lower. The shares of Bank of America were in demand, the price of which increased by 3.4 percent. The bank had earned surprisingly well in the first quarter. The consumer credit business had developed particularly positively.