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Interest rate and Ukraine worries are slowing down the stock market recovery
After the recent slide in prices, some investors are returning to the European stock markets at the beginning of the week. However, continued speculation of faster rate hikes in the US and tensions between Russia and Ukraine held them back from larger purchases. The uncertainty on the stock exchanges is great, says Robert Halver from Baader Bank: “We still have an inflation of crises. Ukraine crisis, fear of the economy, fear of interest rates, fear of inflation, what is Omikron doing? It has to Digest the stock exchange first. There is no security here. We have a nebulous situation. And until that has happened, it will remain with these seesaw exchanges.” Investors would need clear signs of relaxation so that the 15,000 mark in the Dax could also be defended in the coming days and weeks, analysts said on Monday. Halver already sees some glimmers of hope: “I think we’re getting relatively clear signals from the reporting season, including the German reporting season. The outlook will be a little better. And I even think that the big issue of scarcity of raw materials, even in the case of semiconductors, will improve more and more. It’s still taking some time, but the light at the end of the tunnel is being seen. Investors again boldly grabbed cryptocurrencies. Bitcoin and Ethereum both rose at times by more than five percent. They benefited from the assessment of Analysts on last week’s strong Amazon earnings numbers.
Dax and EuroStoxx50 each initially increased by around 0.2 percent to 15,132 and 4092 points on Monday.