Ukraine war ticker: US stock markets crash — DAX falls in the red — Tesla CEO Elon Musk buys Twitter — UPS boosts sales and profits — Deutsche Börse, PepsiCo , Airbus, Bayer in the spotlight | news

On Tuesday, the German stock market gave back its earlier gains.

Of the DAX It opened the session 1.17 percent higher at 14,087.08 points and then remained clearly in the profit zone. In the afternoon, however, he gave up his profits and traded them negative. Of the TecDAX it is also trading weaker after starting 0.58 percent higher at 3,164.76 points. He tried several times to reach the top, but so far he has always fallen behind.

Due to interest rate and recession concerns, the main German index had lost nearly 600 points in just two trading days. But the descent should have been stopped for the time being with the reconquest of the round mark of 14,000 points. The recovery in prices on foreign exchanges is having a supportive effect on the German stock market. “The bargain hunters are here,” says Thomas Altmann, portfolio manager at asset manager QC Partners, according to dpa-AFX.

Additionally, investors are turning their attention to the current reporting season. Deutsche Börse presented its figures for the last quarter of the DAX. Additionally, some second-tier stocks opened their books with HAMBORNER REIT, ATOSS and Hypoport.

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European markets headed lower for the second trading day of the week.

Of the Euro STOXX 50 it was initially clearly in positive territory on Tuesday, but dipped slightly into red territory in the afternoon. It was previously trading 0.32 percent higher at 3,769.66 units.

Dominant themes remain the Ukraine war, high inflation and associated interest rates, and recession concerns. Also, investors turn their attention to the quarterly figures of some companies. HSBC, Santander, GFG and Orange, among others, presented their quarterly reports.

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Bears dominate the US stock market on Tuesday.

Of the dow jones it was 0.42 percent lower at 33,907.49 points at the start of the session. Then it goes lower. The technological value index NASDAQ Composite it started 0.67 percent weaker at 12,918.04 points and then also deepens into the red.

Inflation, interest rate hikes, coronavirus lockdowns in China, and the war in Ukraine are still negative factors today.

Also, reporting season is accelerating: UPS, PepsiCo, 3M and General Electric had already opened their books for the last quarter before the market opened.

Investors are also focusing again on Tesla boss Elon Musk’s acquisition of short-messaging service Twitter. After the group had previously rejected a sale, both parties agreed to a deal the night before.

As for economic data, data on durable goods orders was on the agenda. In March, orders rose 0.8 percent, roughly in line with the consensus estimate among economists. The consumer confidence index for April was still due later. US consumer confidence has weakened recently. The index fell to 107.3 from the previous month’s reading of 107.6.

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Asian stock markets moved in different directions on Tuesday.

The main Japanese index Nikkei it rose 0.41 percent to 26,700.11 points at the end of trading.

In mainland China, they opted for the Shanghai Composite down 1.44 percent to 2,886.43 points. Of the hang seng in Hong Kong it ultimately rose 0.33 percent to 19,934.71 jobs.

On Tuesday, after sometimes significant losses at the beginning of the week, there was a recovery in Asian stock markets, which, however, calmed down at the end of trading. Wall Street, which managed to turn positive on Monday after initial losses, had a supportive effect. In addition, oil prices recovered somewhat.

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