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Halver: “The stock market is still no man’s land”
STORY: At the start of the week, investors plucked up courage and entered European stock markets. Apparently, the falling oil price, which is reducing fears of inflation, gave them courage. Robert Halver from Baader Bank with his assessment of the stock exchange business on Monday in Frankfurt: “The stock exchange is still no man’s land. On the one hand, people have gotten used to the war, on the other hand, many risks still have their rendezvous. We have the war, we inflation has accelerated and the economy will probably slow down. All of this is having an effect on the stock market. And the stock market is still sorting itself out a bit. And the stock exchange expert looks rather skeptically to the coming days: “We will see that the economic data, the growth rates will continue to deteriorate. When we have seen the Ifo data, including the export expectations, they will fall like a stone, because everything is just so difficult to assess, the raw materials are not available, they are far too expensive. The global economy, yes, it is not collapsing, but at least it is suffering major damage. This is extremely negative for companies at the moment. The stock markets are saying, well, at least we won’t get any major rate hikes from the ECB, but that’s just a Pyrrhic victory. At the moment everything is relatively uncertain, nebulous. It feels like autumn.” At the start of the week, the Dax and EuroStoxx50 each gained a good one percent to 14,483 and 3,911 points respectively. Brent oil from the North Sea, on the other hand, fell 3.3 percent to $116.72 a barrel. This was triggered by a current hard lockdown for the Chinese economic and financial metropolis of Shanghai.
At the start of the week, the Dax and EuroStoxx50 each gained a good one percent to 14,483 and 3,911 points respectively.