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Börse Express – New York shares: recovery continues

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NEW YORK (dpa-AFX) – After new inflation data, the US stock exchanges continued their recent recovery on Wednesday. Consumer prices in the US rose by 7.0 percent compared to the same month last year. That’s the highest inflation rate since 1982, but it was expected by analysts. The pressure on the US Federal Reserve is now easing somewhat, and potential measures by monetary authorities have already been incorporated into the courses, said market expert Andreas Lipkow from the Comdirect.

The leading index Dow Jones Industrial gained 0.36 percent to 36,383 points in early trading. The market-wide S&P 500
advanced by 0.39 percent to 4731 points. For the tech-heavy Nasdaq 100 – on Monday still at the lowest level since mid-October – the recovery rally continued with an increase of 0.46 percent to 15,917 points.

Meanwhile, the yield on ten-year paper on the US bond market fell again towards 1.7 percent. That too was a relief. However, strategist Marko Kolanovic from the investment bank JPMorgan sees no real burden on shares, even in rising interest rate expectations and capital market returns. Rather, they speak for shifts from growth titles to valuable paper./ajx/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0275 2022-01-12/15:56

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