That’s how he opened DAX 1.66 percent weaker at 13,956.56 points and is then clearly in the red. In the afternoon, however, the minus becomes smaller. Also the TecDAX is currently dropping sharply after initially losing 0.93 percent to 3,186.85 points.
“Investors continue to shy away from the risk,” the dpa quoted a stockbroker as saying. Market participants eagerly awaited the US consumer price data due in the afternoon. These rose more than expected, namely by 1.2 percent compared to the previous month and were thus at 8.5 (previous month: 7.9). The experts at Commerzbank consider it quite possible that the core rate of inflation (excluding energy and food prices) has peaked. However, it should remain above five percent until the end of the year and thus “far from price stability”.
Click here for the complete index overview
That’s how it started EuroSTOXX 50 0.54 percent lower at 3,818.76 digits, but can now increase.
The focus of investors is the inflation data from the USA. These turned out to be stronger for March than previously expected. Consumer prices rose by 1.2 percent compared to the previous month and were 8.5 (previous month: 7.9) percent above the level of the same month last year.
The US Fed had recently signaled that it wanted to raise interest rates aggressively in order to bring rising inflation under control. “Above all, the stock markets are threatened with the withdrawal of liquidity from the US Federal Reserve,” said Christian Henke, an analyst at brokerage house IG.
There is also growing pressure on the ECB to respond to rising inflation in the euro area. Investors were therefore eagerly awaiting the interest rate decision by the European Central Bank on Thursday and information on how to proceed.
Click here for the complete index overview
Of the Dow Jones rising premarket. The tech value index NASDAQ Composite is also expected to be higher.
US investors will focus on Tuesday’s premarket inflation data. Although these were higher than expected, this seems to have a calming effect on investors. “Inflation rose again in March and reached the highest level in more than 40 years. In view of the bullish oil, gas and food prices, this is not entirely unexpected,” commented the analysts at Landesbank Hessen-Thüringen to the dpa. However, it should be borne in mind that core prices are also continuing to rise. “Although it can be assumed that inflation has now peaked, because base effects will become noticeable from April, the US Federal Reserve will see confirmation in its plan to further raise interest rates, especially since the labor market situation is robust. “
Click here for the complete index overview
The leading Japanese index Nikkei closed down 1.81 percent at 26,334.98 points.
In China, on the other hand, the stock exchanges turned positive in the course of trading. In mainland China, the Shanghai Composite finally by 1.46 percent to 3,213.33 points. Of the hang seng increased by 0.52 percent to 21,319.13 jobs.
Rising inflation, especially for commodities, and concerns about rising market and key interest rates as a result continued to put pressure on prices. There is also no relaxation regarding the Ukraine war. Rather, there are reports that the Russian side may have used chemical weapons in Mariupol.
On the other hand, measures announced by the stock exchange supervisory authority, which are intended to expand access to the capital markets, created a good atmosphere in China. Also, Chinese regulators have approved a number of video game licenses for the first time since July, suggesting that regulatory controls on the internet sector may be relaxed.
Click here for the complete index overview