Of the DAX opened the session significantly higher and then remained clearly in the profit zone. In the afternoon, however, he gave up his gains again and listed them clearly with a negative sign. In the end it ended 1.20 percent weaker at 13,756.40 points. Of the TecDAX also traded weaker after starting even more firmly. He tried several times to break out to the top, but always fell back. Most recently, it fell by 2.13 percent to 3,079.53 points.
Due to interest rate and recession worries, the leading German index had lost almost 600 points in just two trading days. The descent initially seemed to have stopped with the recapture of the round mark of 14,000 points, but discouraging data on US consumer sentiment pulled the DAX back below the threshold in the afternoon. A price recovery on the overseas exchanges initially had a supportive effect on the German stock market. “The bargain hunters are here,” says Thomas Altmann, portfolio manager at asset manager QC Partners, according to dpa-AFX.
In addition, investors turned their attention to the current reporting season. Deutsche Börse presented its figures for the past quarter from the DAX. In addition, some opened with HAMBORNER REIT, ATOSS and Hypoport small caps their books.
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Of the EuroSTOXX 50 was initially clearly up on Tuesday after a firmer start, but dropped to red territory in the afternoon. Most recently, it was 0.96 percent weaker at 3,721.36 points.
The dominant issues remained the Ukraine war, high inflation and the associated concerns about interest rates and recession. In addition, investors turned their attention to the quarterly figures of some companies. HSBC, Santander, GFG and Orange, among others, presented their quarterly reports.
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Of the Dow Jones was 0.42 percent lower at 33,907.49 points at the beginning of the session. Then it goes further down. The tech value index NASDAQ Composite started 0.67 percent weaker at 12,918.04 points and then also digs deeper into the red.
Inflation, interest rate increases, corona lockdowns in China and the war in Ukraine remain negative factors today.
Furthermore, the reporting season is picking up speed: UPS, PepsiCo, 3M and General Electric had already opened their books for the past quarter before the start of the stock market.
Investors are also focusing again on the takeover of the short message service Twitter by Tesla boss Elon Musk. After the group had previously rejected a sale, both parties agreed on one the night before deal.
In terms of economic data, data on orders for durable goods were on the agenda. In March, orders rose 0.8 percent, roughly in line with the consensus estimate among economists. The index of consumer confidence from April was still due later. US consumer sentiment has weakened recently. The index fell to 107.3 from a previous month’s reading of 107.6.
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The leading Japanese index Nikkei increased by 0.41 percent to 26,700.11 points by the end of trading.
In mainland China it went for the Shanghai Composite by 1.44 percent to 2,886.43 points. Of the hang seng in Hong Kong ultimately climbed 0.33 percent to 19,934.71 jobs.
On Tuesday, after the sometimes significant losses at the start of the week, there was a recovery on the Asian stock exchanges, which, however, subsided by the end of trading. Wall Street, which managed to turn positive on Monday after initial losses, had a supportive effect. In addition, oil prices recovered somewhat.
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