Ukraine war in the ticker: DAX closes deep in the red — Twitter probably opens Musk takeover bid — Coca-Cola increases sales — Philips, SAP, Tesla in focus | news

At the start of the week, the German stock market was significantly weaker.

Of the DAX opened the session significantly lower and then remained in the red. Ultimately, it was still 1.54 percent lighter at 13,924.17 points. Of the TecDAX also fell behind at the start and then continued to move on red terrain.

Fear of a rise in interest rates in the USA and possibly soon rising interest rates in the euro zone weighed on the markets and pushed the leading German index below the 14,000 point mark right from the start on Monday.

Investors also focused on the ifo index. Contrary to expectations, the business climate in Germany did not deteriorate any further in April. This is due to a surprisingly better assessment of business expectations and the assessment of the business situation.

In addition, investors looked at the figures presented by some companies for the past quarter.

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The bears dominated the European markets on Monday.

Of the EuroSTOXX 50 gave way at the start and then increased his minus. At times it fell to its lowest level in more than a month.

Although French President Emmanuel Macron’s election victory brought some relief, it did little to help prices. Instead, concerns about interest rates and the war in Ukraine continued to have a negative impact.

In addition, investors turned their attention to the current quarterly report season.

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The US stock markets are down at the beginning of the week.

Of the Dow Jones started Monday session 0.24 percent lower at 33,731.65 points and then remains in the red. The tech value index NASDAQ Composite started 0.70 percent weaker at 12,749.17 points. He then initially kept his red sign, but then managed to make the leap to green territory for a short time. Recently, however, he has shown himself to be weaker again.

Concerns about interest rates, the war in Ukraine and delivery problems due to corona lockdowns in China continue to weigh on the market. The reporting season, which has just started, is providing support. With Coca-Cola, the current reporting density is still a bit thinner, but other US heavyweights will follow suit in the course of the week.

In terms of economic data, the Chicago Fed National Activity Index was released on Monday. In March the index was +0.44, in February the value was still +0.54.

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The markets in Asia fell sharply at the start of the week.

The leading Japanese index Nikkei ultimately lost 1.9 percent to 26,590.78 points.

In mainland China, the fell Shanghai Composite meanwhile by 5.13 percent to 2,928.51 points. Of the hang seng Hong Kong was down 3.73 percent at 19,869.34 at the end of trading.

The indices followed the weak trend on Wall Street before the weekend. Among other things, the expectation of a series of further interest rate hikes had weighed on the mood there. Another stress factor was the lockdowns in China due to the rampant corona pandemic.

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