the DAX was 0.25 percent higher at 14,187.13 points when the starting bell sounded on Thursday, but gave up its gains again over the course of the day and is currently moving in a narrow range around the zero line. the TecDAX started 0.14 percent up at 3,290.97 points and is currently moving in green territory.
A number of negative factors, such as the ongoing war in Ukraine and the minutes of the US Federal Reserve Board meeting published the previous evening, continue to weigh on the mood. The currency watchdogs signaled a speedy reduction in their total assets. The plan is to let bonds worth up to 95 billion US dollars expire each month without buying new ones. “The Fed has spoiled the mood of the latest tech party in particular,” said a broker, according to the German Press Agency.
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the EuroSTOXX 50 was 0.31 percent higher at 3,836.46 points at the start of trading, but gave up its gains over the course of the day and is now trading close to the closing price of the previous day.
“Sentiment is bad, but not bad enough,” according to Dow Jones Newswires, sentiment analyst Joachim Goldberg. In addition to the current ongoing topic of the Ukraine war, recent statements by US central bankers are also putting a damper on the stock market. The currency watchdogs signaled that larger interest rate hikes than the last 0.25 percentage points are conceivable. “The specter of interest rates is up to mischief on the trading floor on both sides of the Atlantic. One of the key questions for stock market traders remains how much the US Federal Reserve will tighten interest rates this year,” says market expert Timo Emden from Emden Research, according to dpa- AFX.
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the Dow Jones opened the session 0.17 percent lower at 34,439.24 points and then continues to fall. the NASDAQ Composite meanwhile, is roughly the same as the previous day after starting 0.20 percent lower at 13,861.49 points.
The previous evening, the Fed published the minutes of its most recent Fed meeting, in which the US central bankers signaled 50 bp rate hikes for the upcoming meetings and a speedy reduction in the Fed’s balance sheet.
the returns On the US bond market, the recent increase initially ended in early trading and fell slightly, but market participants, as reported by the German Press Agency, firmly expected further increases in capital market interest rates, which tend to mean poor prospects for shares.
On the company side, investors are looking at the computer group HP. On Thursday night, star investor Warren Buffett’s holding company, Berkshire Hathaway, announced that it had bought a billion-dollar HP share package.
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The leading Japanese index Nikkei ultimately fell 1.69 percent to 26,888.57 points.
In mainland China, the Shanghai Composite Take losses of more than 1.42 percent to 3,236.70 units. the hang seng in Hong Kong, meanwhile, lost 1.23 percent to 21,808.98 points.
Negative factors were weak indications from Wall Street, where rising market interest rates had pushed technology stocks in particular back into the red, but also the ongoing war in Ukraine.
The previous evening, the US Federal Reserve also gave the signal that interest rate hikes of 50 instead of 25 basis points could soon be on the agenda.
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