the DAX started trading at a discount of 0.73 percent at 14,712.32 points and then slipped deeper into the red. The stock market barometer is also currently posting significant losses. the TecDAX lost 0.13 percent to 3,357.81 at the start of trading and is now also moving deeper into red territory.
After the previous day’s rally, investors are getting cold feet again in the middle of the week. Skepticism dominates in relation to the Russian announcement that it will reduce hostilities around Kyiv. So the step is not seen everywhere as an attempt at de-escalation. The US Department of Defense, for example, warned of a new military offensive in other parts of the country. It remains to be seen whether Russia’s measure will last, wrote Landesbank Helaba, according to dpa-AFX. “The war is still going on and there are concerns about a supply freeze for energy from Russia.”
With regard to Russian gas supplies, the main concern is declaration of the early warning level of the gas emergency plan by the federal government caused some uncertainty. “One day before the Russian ruble ultimatum expires, it seems like the government knows more than the market this time,” a trader told Dow Jones Newswires. However, the Kremlin announced that Russian gas does not have to be paid in rubles on Thursday.
Economic data also came into focus on Wednesday: The inflationary pressure in Germany increased again in March increased more than expectedwhich suggests a corresponding development for the euro area.
Click here for the complete index overview
the EuroSTOXX 50 fell by 0.12 percent to 3,997.46 points at the start of trading. After that, however, it goes downhill significantly.
According to the Dow Jones Newswires, with regard to the talks between Russia and Ukraine, traders are saying that too many advance praises were given the day before. “It’s good that people are talking, but the fact that the stock exchanges are already trading at pre-war levels doesn’t reflect the current risk situation,” said one trader.
Click here for the complete index overview
the Dow Jones is expected with taxes. the NASDAQ Composite is also weaker in premarket trading.
Initial optimism has evaporated after reports of progress in the Russia-Ukraine ceasefire talks had given U.S. markets a boost the day before. In addition to the war issue, investors are primarily interested in economic data. That’s how it is US economy grew extremely strongly in the fourth quarter of 2021, albeit a little less than previously reported. Gross domestic product (GDP) rose by an annualized 6.9 percent over the previous quarter, according to data from the third publication. Meanwhile, the ADP jobs report came in slightly better than expected. It should give a preview of the official data for the month of March, which is due on Friday.
Another negative factor is that oil prices are up again today after the levies on the previous day.
Click here for the complete index overview
The leading Japanese index Nikkei ended the day 0.80 percent weaker at 28,027.25 points.
In mainland China, the Shanghai Composite 1.96 percent higher at 3,266.60 points. In Hong Kong were at hang seng 22,232.03 points and an increase of 1.39 percent can be seen on the board when the closing bell rings.
Asian investors became more confident and willing to buy after Russia announced that it would be scaling back its military attacks in northern Ukraine. The fact that there were no major caprioles in the price of oil also had a supportive effect.
In Japan, numerous stocks traded ex-dividend on Wednesday, which weighed on the Nikkei.
Click here for the complete index overview