Of the DAX opened trading with a plus and initially remained on green territory. In the afternoon, however, it had to give up its gains again and ended the session 0.33 percent weaker at 14,340.47 points. Of the TecDAX also started with a surcharge, but then also fell back into the red. Ultimately, he lost 0.99 percent to 3,143.38 points.
There was a temporary recovery on the German stock market on Wednesday, which, however, turned out to be unsustainable. No strong impetus came from Asia and the USA. The prospect of an end to the lockdown in Shanghai recently gave hope to the markets. “Whether and when the openings in China will have a positive effect on the badly strained supply chains cannot be estimated at this point in time,” said capital market strategist Jürgen Molnar from RoboMarkets, according to the German Press Agency.
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Of the Euro STOXX 50 initially showed itself to be somewhat stronger and then increased at first before falling into the red. There he ended the trading day 0.78 percent lower at 3,759.54 points.
The indications from the USA and Asia are predominantly negative in the middle of the week. The markets are still caught between high inflation and rising interest rates.
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Of the Dow Jones started trading 0.50 percent higher at 33,156.31 points and then initially maintained its positive sign, but then switched to red terrain. Of the NASDAQ Composite increased by 0.79 percent to 12,176.89 points at the start. He then climbed further into the plus before he also changed direction.
At the beginning of the new month, the risk factors remain the same. So there remains the fear that the rate at which the US Federal Reserve is raising interest rates will plunge the economy into recession. According to analysts at Deutsche Bank, eight of the last 11 prolonged interest rate hike cycles in the US have resulted in a recession. Counter-opinions that an economic slowdown could be months away are driving some investors back into the market. A market observer told Dow Jones Newswires that one or two bargains can also be made here due to the weaker prices in recent weeks.
Some economic data were also available on Wednesday. Activity in US industry accelerated in May. The purchasing managers’ index for manufacturing calculated by the Institute for Supply Management (ISM) rose from 55.4 to 56.1. The US Federal Reserve’s economic report will also be published later.
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In Tokyo he laid Nikkei ultimately 0.65 percent to 27,457.89 points.
In mainland China, the Shanghai Composite meanwhile 0.13 percent down to 3,182.16 points. In Hong Kong, the hang seng a drop of 0.56 percent to 21,294.94 units.
A mixed picture characterized the Asian markets in the middle of the week, although the lockdown measures in Shanghai were lifted after two months. However, China’s May Caixin manufacturing index, released midweek, showed that activity in China’s factories is still declining.
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