Ukraine war ticker: DAX in the red — Asian stock markets close in deep red — Twitter probably won’t reject Musk’s takeover bid as much anymore — Tesla, Philips, Valneva, SAP, Rheinmetall on point of sight | news

At the beginning of the week, the German stock market was significantly weaker.

Of the DAX it opened the session 1.66 percent lower at 13,908.05 points and then remained in the red. Of the TecDAX It fell 1.04 percent to 3,139.70 points at the start and is currently trading in red territory.

Fears of an interest rate hike in the US and possibly also a rise in interest rates in the euro zone weighed on markets and pushed the German leading index below the 14,000 mark since the beginning of Monday.

Investors are also focused on the ifo index. Contrary to expectations, the business climate in Germany did not deteriorate further in April. This is due to a surprisingly better assessment of business expectations and assessment of the business situation.

In addition, investors look at the figures of some companies for the last quarter.

Click here for the full index overview

Bears dominate European markets on Monday.

For him Euro STOXX 50 it fell 0.34 percent to 3,826.96 units at first and then fell deeper into the red.

The electoral victory of French President Emmanuel Macron provides some relief, but it can hardly help the courses at the moment. Instead, concerns about interest rates and the Ukraine war continue to weigh on investors.

Click here for the full index overview

Wall Street fell significantly on Friday.

so he had to dow jones with a daily loss of 2.82 percent to 33,811.40 points. The technological value index was not so clear NASDAQ Composite downward, which has lost 2.55 percent to 12,839.29 points compared to the previous day.

US stock markets posted significant losses at the end of the week. Investors were eager to reduce risk ahead of the weekend amid uncertainty surrounding the Ukraine war.

The aggressive statements by US Federal Reserve Governor Jerome Powell, which had sent stock prices down sharply the day before, continued to have an effect. Powell had promised rate hikes larger than the usual 25 basis points to rein in high inflation. Looking ahead to the Fed’s next rate meeting in May, a 50 basis point hike is “on the table,” Powell said.

Market participants were concerned that raising key interest rates could come at the expense of an economic recovery. There is also the specter of stagflation.

Meanwhile, activity in the US economy slowed in April. The composite index of private sector production – industry and service providers combined – compiled by S&P Global fell to 55.1 from 57.7 points the previous month.

Bond Yields Made a Little Easier – Dollar Firm

In the bond market, yields eased somewhat after the Fed chairman’s remarks yesterday pushed them up significantly. However, the market environment was volatile throughout the year. The 10-year yield fell 1.5 basis points to 2.89 percent.

In the foreign exchange market, the dollar rose significantly, supported by the high level of interest rates. The dollar index gained 0.6 percent. Currency analysts at ING believe the dollar will be stronger for the rest of the year after Powell’s aggressive statements. “You should not try to fight against the strong bullish trend of the dollar,” analysts warn. In view of rising market interest rates, you shouldn’t currently bet on a dollar cap either.

Click here for the full index overview

Markets in Asia fell sharply at the start of the week.

The main Japanese index Nikkei it ultimately lost 1.9 percent to 26,590.78 points.

In mainland China, the fall Shanghai Composite meanwhile 5.13 percent to 2,928.51 points. Of the hang seng Hong Kong was down 3.73 percent at 19,869.34 at the end of the day.

The indices followed the weak Wall Street trend before the weekend. There, among other things, the expectation of a series of further rises in interest rates had depressed sentiment. Another stress factor was the lockdowns in China due to the rampant corona pandemic.

Click here for the full index overview

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