Of the DAX started the new week at a moderate discount. However, as it progressed, it shrugged off its losses and approached the zero line, only to fall back again. Ultimately, there was a minus of 0.45 percent at 13,964.38 points on the course board. Also the TecDAX initially gave way and then remained on red ground. At the end of the session, it was still a marginal 0.06 percent lower at 3,074.01 points.
Weaker than expected economic data from China also weighed on the DAX on Monday. The zero-COVID strategy has hit the Chinese economy harder than expected. Negative economic news also came from the USA: Sentiment in industrial companies in the state of New York collapsed and is now negative, signaling a decline in economic activity.
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Of the Euro STOXX 50 showed a negative trend at the start of trading and maintained this trend over the course of the year. By the time the closing bell rang, it had fallen by 0.49 percent to 3,685.34 points.
According to Brsians, weaker than expected economic data from China weighed on the mood. China’s zero-COVID strategy is slowing down the second-largest economy more than expected. Industrial production fell surprisingly in April and retail sales fell more sharply than analysts had predicted – in addition, investments in property, plant and equipment were weaker than forecast.
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Of the Dow Jones opened the session 0.14 percent weaker at 32,152.15 points, but made it into the black later on. The surcharges crumbled towards the end of trading, in the end there was still a marginal plus of 0.08 percent to 32,224.01 points. For the NASDAQ Composite meanwhile, things went down at the start of the week, the tech value index closed 1.20 percent lower at 11,662.79 points.
After fears that the US Federal Reserve could stifle growth with significant interest rate hikes put share prices under pressure, the stock markets continued to trend downwards at times, even if, according to the latest statements from those around the Fed, investors do not assume that even larger interest rate hikes are on the agenda. Ongoing supply chain problems and the war in Ukraine had a negative impact.
In addition, disappointing economic data from China once again fueled concerns about growth, and disappointing news also came from the USA: Sentiment in industrial companies in the US state of New York collapsed in May.
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In Tokyo he won Nikkei ultimately 0.45 percent to 26,547.05 points.
In mainland China, the lost Shanghai Composite meanwhile 0.34 percent to 3,073.75 points. In Hong Kong, the hang seng an increase of 0.26 percent to 19,950.21 units.
Weak Chinese economic data weighed on China’s stock markets on Monday. Chinese industrial production for April was down 2.9 percent year-on-year. Economic experts had previously assumed an increase of 1 percent. In addition, retail sales also fell by more than 11 percent. The reason for the disappointing data is the zero-COVID strategy that Beijing is pursuing and which is leading to the lockdowns of important metropolises such as Shanghai.
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