the DAX started the session 0.40 percent firmer at 14,503.96 points. After his friendly start, he turned into the loss zone and then oscillated in a narrow range around the zero line. In the afternoon, however, he manages to make the leap into the plus again. the TecDAX was 0.24 percent higher at 3,313.04 points at the start and then hovered around the zero line. During the day, however, he can again book profits.
Investors remain focused on Russia’s war against Ukraine. After the atrocities in the Ukrainian city of Bucha, Russia is threatened with even stricter sanctions by the West. However, the federal government continues to refuse to stop gas, oil and coal supplies from Russia.
“The demands for a complete energy boycott against Russia, with certainly manageable but nevertheless massive economic effects for Europe and especially the German economy, are becoming louder and louder. And in recessionary tendencies of the economy, investors were never well advised to buy shares,” quotes the German press agency capital market strategist Jürgen Molnar from Robomarkets. As long as the uncertainty retains the upper hand, he therefore does not expect “big leaps upwards” for the DAX.
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the EuroSTOXX 50 was listed at 3,925.27 points at the start of trading with gains of 0.17 percent. It then fell into the red before climbing back to its Friday close and then into profitability.
Positive indications from Asia are noticeable on the European markets. Nevertheless, the problem issues of the Ukraine war, interest rate fears and inflation worries do not move out of the focus of investors. In terms of economic data, US industrial orders are due over the course of the day, which analysts estimate fell by 0.6 percent in February.
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the Dow Jones opened the session a marginal 0.05 percent lower at 34,799.98 points and then remained on red terrain. the NASDAQ Composite on the other hand, it can increase significantly after starting 0.30 percent firmer at 14,304.35 points.
Investors continue to focus on the war in Ukraine. Market participants referred to reports over the weekend about alleged atrocities by Russian soldiers against Ukrainian civilians in Bucha. Western countries are also threatening to impose stricter sanctions on Russia. Meanwhile, Russian and Ukrainian negotiators want to resume their video calls at the start of the week. “We hope that the talks will continue to make progress towards a ceasefire and a withdrawal of Russian troops, but if you look at the course of the process so far, that will probably not happen any time soon,” says German Press Agency Craig Erlam, Analyst at Oanda Europe, again.
On the company side, investors are focusing on Twitter, among other things, after Tesla boss Elon Musk became the largest shareholder in the short message service. In addition, Tesla set another record for its deliveries in the first quarter of 2022.
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The leading Japanese index Nikkei ultimately climbed 0.25 percent to 27,736.47 points.
In mainland China, the Shanghai Composite up 0.94 percent at 3,282.72 points into the weekend. The stock exchange there was closed on Monday due to the public holiday. In Hong Kong, the hang seng by 2.10 percent to 22,502.31 points.
Positive guidance from Wall Street supported Asian trade. In Shanghai, meanwhile, trading is paused on Monday and Tuesday due to public holidays. In Hong Kong, meanwhile, the news stabilized that Beijing is apparently ready to give in in the accounting dispute and that the impending loss of the US stock market listing can be averted. Chinese authorities wanted to give US regulators full access to audited balance sheets, according to Bloomberg news agency. Still, a total of 32 stocks remained suspended from trading since Friday. Hong Kong-listed companies did not submit their annual results by the end of March by the deadline, the Hong Kong Exchanges & Clearing said.
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