Ukraine war ticker: DAX falls further — Tilray posts profitable quarter — Thyssenkrupp subsidiary receives US order — LPKF, Fraport, GAZPROM, Merck KGaA, Lufthansa in the spotlight | news

Alphabet, Facebook, Amazon and Co. may have to pay EU monitoring fees. The NRW consumer center is suing Google. ECB council member Wunsch firmly assumes the first interest rate hike will be in 2022. Strike warning at Lufthansa Cargo subsidiary. Colm Kelleher elected new president of UBS. According to IfW, the Ukraine war is having a significant impact on world trade. Incoming orders in German industry are falling.

The German market is lower on Wednesday.

the DAX It opened with a small discount of 0.15 percent at 14,402.16 points and is now slipping deeper and deeper into the losing zone. the TecDAX it was 0.13 percent lower at 3,346.34 points at the start of trading and is now falling sharply as well.

On Wednesday, weak guidance from the US and Asia will lead lower. Statements by US central bankers pointing to a determined tightening of monetary policy are having a negative effect. In addition, the war in Ukraine continues to generate uncertainty. “Few are willing to invest big under such high uncertainty,” said Thomas Altmann of QC Markets, according to Dow Jones Newswires. “As is often the case recently with breaking news, the order of the day is caution,” he added.

Data on incoming orders for German industry was also disappointing. In February, these fell much more sharply than expected.

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Heavy losses can be seen in European stock markets in the middle of the week.

the Euro STOXX 50 it was almost unchanged at the start of trading at 3,915.53 points, but is now losing significantly.

Aggressive statements by Fed members, the ongoing war in Ukraine with possible additional sanctions against Russia, and the record number of new corona infections in China are causing stress.

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Sellers dominated the US stock market on Tuesday.

the dow jones it fell during the day and ultimately lost 0.80 percent to 34,642.36 points. the NASDAQ Composite fell even more significantly, the minus at the end of trading was 2.26 percent, the stock market barometer closed at 14,204.17 points.

Rising commodity prices fueling inflation, the impact of the Ukraine war, and US Federal Reserve Vice Chairman Lael Brainard’s remarks on future US monetary policy weighed on confidence on Tuesday. In a speech circulated ahead of time, Brainard said the Fed would draw down its total assets at an accelerated pace beginning in May. Added to this are the new corona lockdowns in China, which cloud the outlook for global growth. There is also the possibility of more sanctions against Russia. The European Union proposes to ban the import of Russian coal.

On the economic front, the US trade balance deficit stalled at a record level in February, while business with US service providers rebounded in March: Purchasing Managers’ Index calculated increased from 56.5 to 58.0 points.

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Asian markets suffered mostly losses on Wednesday.

The main Japanese index Nikkei closed with a fall of 1.58 percent to 27,350.30 points.

In mainland China, the Shanghai Composite it trimmed losses and ended the day 0.02 percent higher at 3,283.43 units after its two-day holiday break. the hang seng in Hong Kong ended up trading clearly in the red. It ultimately lost 1.87 percent to 22,080.52 points.

Wall Street guidance was weak midweek. In view of the further escalation of the Ukraine war and rising market interest rates, Asian stock markets also followed this trend. The corona pandemic also caused a headwind: China recorded more than 20,000 new infections in one day for the first time. Chinese purchasing managers’ indices also fell sharply due to the numerous coronavirus outbreaks.

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