Of the DAX was up 0.36 percent to open at 13,214.41 points, but then fell to red territory. In the meantime, however, he can post profits again. Of the TecDAX opened 0.35 percent firmer at 3,047.31 points and is also currently stronger.
The flood of quarterly reports continues on Thursday. In addition, the US Federal Reserve raised the key interest rate again by 0.75 percentage points on the previous day. At the press conference, Powell announced a “perspective slowdown in monetary tightening and the transition to a ‘meeting by meeting’ approach,” said analysts from Landesbank LBBW, according to dpa-AFX. The financial market players apparently took this as a slight weakening of the Fed’s previously restrictive rhetoric.
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Of the EURO STOXX 50 gained 0.43 percent to 3,623.29 points at the start of trading and is currently moving in green territory.
The previous day’s interest rate decision by the US Federal Reserve was received rather positively, as the Fed had raised interest rates by only 75 basis points instead of 100, as expected probably best summarized,” wrote capital market strategist Jürgen Molnar from broker Robomarkets, according to dpa-AFX.
Otherwise, the balance sheet season provides numerous impulses.
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Of the Dow Jones opened the session little changed at 32,197.62 points. In the meantime it fell back to red territory, but can now post moderate gains again. The tech-heavy one NASDAQ Composite meanwhile, is slightly up after starting a marginal 0.03 percent higher at 12,036.48 points.
There was a real rally on Wednesday following the US Federal Reserve’s interest rate decision, thanks to relief that the Fed had raised rates by just 75 basis points, as expected, instead of 100. Fed Chair Jerome Powell’s subsequent statements were interpreted as dovish. But since then, disappointing business numbers and a pessimistic outlook have shown that the prospects for the US economy are not exactly rosy. In addition, gross domestic product shrank by 0.9 percent in the first quarter, which means that the US economy has slipped into a technical recession.
After some large tech companies, Google parent Alphabet, Microsoft and Meta, had already presented their figures for the past quarter this week, Amazon, Apple and Intel will follow on Thursday after the US stock market close.
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In Tokyo it closed Nikkei 0.36 percent higher at 27,815.48 points.
In mainland China, the Shanghai Composite by the close of trading by 0.21 percent to 3,282.58 places. Of the hang seng in Hong Kong fell 0.23 percent to 20,622.68 units by the end of trading.
Despite strong targets from the USA, the price premiums in Asia were restrained. The fact that the US Federal Reserve did not raise interest rates by 100 basis points as feared did not bring much relief.
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