Focus on Ukraine War: DAX Falls — KION Cuts Full-Year Forecast — Investors Eye New Offer for Aareal Bank — Focus on Sixt, GRENKE, Shop Apotheke, E.ON | news

The German market is inconsistent on Tuesday.

the DAX opened a minuscule 0.09 percent at 14,504.80 points and then initially moved higher. However, gains fell apart over the course of the morning and the main German index is now falling into the red. the TecDAX It gained 0.11 percent to 3,349.14 points at the start of trading and is currently showing strength.

On Tuesday, German investors are on the fence, German tech stocks may benefit from strong US guidance. However, more Western sanctions against Russia and a possible suspension of natural gas deliveries by Russia loom. the market as the sword of Damocles.

New economic data will also arrive on Tuesday. For example, according to the S&P Global Purchasing Managers’ Index, the mood of eurozone companies only moderately deteriorated in March despite the war in Ukraine. At noon, the purchasing managers’ indices for the US services sector will be presented. In addition, the US government publishes new data on foreign trade.

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European stocks fell on Tuesday

the Euro STOXX 50 it started at 3,952.58 points, just 0.04 percent higher. It was then able to post small gains, but is now falling back into the red.

“The stock market is currently surprisingly strong,” said portfolio manager Thomas Altmann of QC Partners, according to dpa-AFX. Hopes for an end to the war in Ukraine and a quick easing in commodity markets continue to dominate.

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The leading US index did not make any big jumps at the beginning of the week, but there were still gains at the end of the trading day.

the dow jones it hovered around the zero line for much of the trade, but hit green territory late in the session. Up 0.30 percent, the leading US index closed the job at 34,922.07 points. Technology stocks also rose more clearly: the NASDAQ Composite it gained X 1.90 percent on Monday to 14,532.55 index points.

Investors continued to focus on the war in Ukraine. Market participants referred to reports over the weekend of alleged atrocities committed by Russian soldiers against Ukrainian civilians in Bucha. Western countries are also threatening to impose tougher sanctions on Russia. Meanwhile, the Russian and Ukrainian negotiators want to resume their video calls at the beginning of the week. “We hope that the talks will continue to move towards a ceasefire and the withdrawal of Russian troops, but if you look at the course of the process so far, that probably won’t happen any time soon,” says the German press agency Craig Erlam. , Oanda Europe analyst, again.

On the company side, investors focused on Twitter, among other things, after Tesla boss Elon Musk became the largest shareholder in the short message service. In addition, Tesla set another record for its deliveries in the first quarter of 2022.

On the economic side, US industrial orders fell in February.

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Small gains were seen in the Japanese stock market on Tuesday.

The main Japanese index Nikkei it ended trading 0.19 percent at 27,787.98 points.

On the Chinese mainland, the stock exchange was closed on Tuesday due to the public holiday. the Shanghai Composite entered the weekend 0.94 percent higher on Friday at 3,282.72 points. There was also no trading in Hong Kong on Tuesday due to a public holiday. the hang seng it held at its closing level since Monday. Since it had increased by 2.10 percent to 22,502.31 points.

Good indications from the US had a supportive effect, but the headwind came from rising oil prices and the ongoing fighting in Ukraine. The World Bank also lowered its growth forecast for the East Asia and Pacific region, which includes China.

In Japan, data on Japanese household spending in February also caused a somewhat depressed mood, as the increase was much weaker than economists had expected.

Click here for the full index overview

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