Of the DAX started Friday trading a little firmer. He was then able to increase significantly and at times left the mark of 13,100 points behind. It ultimately exited trading 1.43 percent stronger at 13,088.21 points. Of the TecDAX also opened the day higher and continued to extend gains thereafter. He finally said goodbye 1.87 percent firmer at 3,010.29 digits.
After the European Central Bank (ECB) implemented the largest interest rate hike in the history of the euro zone the day before, the excitement has now subsided somewhat. “While some investors are avoiding the stock market for the time being with the prospect of further rising interest rates, others see the central banks’ consistent and concerted fight as a good signal for the future and are taking action regardless of the risk of recession in German stocks,” said stock market observers Jürgen Molnar from Robomarkets to the German Press Agency.
Click here for the complete index overview
Of the EURO STOXX 50 was hardly moved at the start. In the further course, however, he was clearly on green territory. His final score: 3,570.04 points (+1.64 percent).
The day before, the ECB announced that it would raise the key interest rate by 0.75 percentage points to 1.25 percent. The inflation rates are “still far too high,” the President explained Christine Lagarde on Thursday in Frankfurt. Markets reacted positively on Friday: “Many market participants wanted to hold cash ahead of the ECB meeting, so they are now investing it,” a trader told Dow Jones Newswires.
Click here for the complete index overview
Of the Dow Jones was friendly and ultimately gained 1.19 percent to 32,151.71 points. He showed himself to be significantly stronger NASDAQ Compositewhich had improved by 2.11 percent to 12,112.31 points at the close of trading.
The inflation and recession fears of the last few weeks eased somewhat on Friday. Instead, bargain hunters appeared on the US stock exchanges. The fact that inflation in China surprisingly eased also made for a good mood.
Click here for the complete index overview
In Tokyo it rose Nikkei by 0.53 percent to 28,214.75 points.
In mainland China, the won Shanghai Composite 0.82 percent to 3,262.05 points. Of the hang seng Hong Kong was up 2.69 percent at 19,362.25 points.
Although consumer prices in China rose by 2.5 percent in August compared to the same month last year, experts had expected a stronger increase. This could be related to the pandemic-related lockdowns. The lower demand for raw materials has also led to prices falling, according to Dow Jones Newswires.
Click here for the complete index overview