Ukraine war in ticker: DAX closes with clear gain — Netflix loses subscribers — Siemens Energy revises annual forecast — Rheinmetall, LANXESS, IBM in the spotlight | news

The German stock market rose sharply on Wednesday.

So he drew DAX after a barely changed start and closed 1.47 percent higher overnight at 14,362.03 points, the daily high. The same development was evident in TecDAX. In the end, the tech index ended the day with a clear 1.43 percent lead at 3,255.06 points.

As a result of the Ukraine war, many negative things have already been priced into the financial markets, the dpa quoted direct market observer Andreas Lipkow as saying.

In addition, the outlook for inflation and interest rates continued to be a key theme in the markets. According to Lipkow, market participants still assume that the current inflation dynamics will have a temporary effect. However, he warned that such a scenario should be doubted. He suspected that the European Central Bank would first wait for the effects of the US Federal Reserve’s already tight monetary policy before acting.

The “Beige Book”, the economic report of the US Federal Reserve, will be published in the evening. Investors are hoping for more conclusions about the speed of future interest rate increases. Even before the start of the stock market, German producer prices were presented, which again increased considerably.

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European markets rose sharply on Wednesday.

Of the Euro STOXX 50 it built on its initial gain and ended the trading day 1.72 percent stronger at 3,896.81 points.

By midweek, pundits were also talking about mixed news and, according to Dow Jones Newswires, saw little reason for further stock market engagement. However, the reporting season, which is also accelerating in Europe, had a supportive effect.

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The US stock market finds no unified direction on Wednesday.

so opened dow jones with a gain of 0.15 percent to 34,962.67 points and then expands on this. On the other hand there is the Tech Index NASDAQ Composite it has now turned negative after initially rising 0.34 percent to 13,665.38 points.

The US leading index thus continued the positive trend of the previous day. After the market received the previous reporting season very differently, investors expect the company’s next figures to be positive. Here the question arises whether companies were able to pass on their increased costs to end users.

In the tech index, however, the mood is clouded by Netflix. In the last quarter, the streaming service had to deal with a decline in the number of customers for the first time in more than ten years.

The release of the US Federal Reserve’s economic report (“Beige Book”) is on the agenda for the evening.

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Mixed signals were seen in Asian markets midweek.

The main Japanese index Nikkei it closed 0.86 percent higher at 27,217.85 points.

In mainland China, the sunken Shanghai Composite at the end of trading by 1.35 percent to 3,151.05 points. Of the hang seng in Hong Kong turned negative during the course of trading and finally closed at 20,944.67 points, down 0.40 percent.

In China, the central bank has kept the LPR benchmark interest rate for bank loans stable despite the economic downturn. IG market strategist Yeap Jun Rong told dpa-AFX that parts of the market were looking for lower interest rates to stabilize the sluggish economy.

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