Home » today » Business » DAX expected deep red – Asian indices at a loss – BYD disappointed with earnings – Deutsche Bank expects only slow economic recovery – Xerox ceases to take over HP – Scout24 in focus | message

DAX expected deep red – Asian indices at a loss – BYD disappointed with earnings – Deutsche Bank expects only slow economic recovery – Xerox ceases to take over HP – Scout24 in focus | message

The German stock market should come under considerable pressure by midweek.

Of the DAX is expected to be 3.3 percent weaker at 9,603 points. On the previous day, after a volatile trade, he was able to post an increase of 1.22 percent to 9,935.84 points.

Of the TecDAX is also expected to suffer heavy losses of around 2.7 percent. It closed on Tuesday with a premium of 1.01 percent to 2,597.98 units.

On Wednesday, the leading German index should initially follow the weak US guidelines and lose points. On the previous day, it had temporarily exceeded the 10,000 point mark – but this is now moving further away. “The stock markets are again in a downward slide. Given the increasingly negative forecasts for the economy, the stock market forecasts are also becoming more negative again,” said portfolio manager Thomas Altmann from QC Partners. He believes the recovery is over for now.

In the afternoon, economic data from the USA should be the center of attention, because then the private US employment agency will present current figures for employment. Experts anticipate that jobs will decline in March as a result of the Corona crisis.

Click here for a complete index overview

The European stock markets should start the new quarter weakly on Wednesday.

Of the EuroSTOXX 50 is currently seen with a minus of 3.6 percent at 2,685 points. On Tuesday, he went 0.77 percent stronger at 2,786.90 meters in the evening.

Weak guidelines from the USA and Asia put a strain on the European stock markets. “The recovery is over for now,” commented one dealer.

In addition to the ADP labor market report from the USA, there are also numerous purchasing manager indices from the Euro zone.

Click here for a complete index overview

On Wall Street, the first quarter of 2020 once again ended in losses.

The US leading index Dow Jones 30 Industrial was highly volatile on Tuesday in the course of trading, but in the end the skeptics gained the upper hand and even sent the leading index below the 22,000 point mark at the end of the quarter. At a discount of 1.84 percent, it ended at 21,917.16 points. The technology-heavy NASDAQ Composite also lost again, the minus came to 0.95 percent in the end, the index closed at 7,700.10.

The number of newly infected corona patients and the death toll in the United States continue to rise significantly. At the same time, it is not clear how well the government and central bank can counteract the negative consequences. This continued to cause uncertainty on the parquet floors on Tuesday.

Click here for a complete index overview

The main indices in Asia have now all turned into the loss zone during the course of trading.

In Japan, the Nikkei ab: He currently loses 4.27 percent (7:45 a.m.) and falls to 18,109 points.

On the Chinese mainland, the Shanghai Composite first posted small profits, but now loses 0.26 percent to 2,743 points. In Hong Kong things are also going down: The Hang Seng plummets 2.27 percent to 23,068 points.

Japanese industry is more pessimistic than it has been for several years because of the Corona crisis. The sentiment index in the Tankan report fell into negative territory in March. It is the fifth consecutive deterioration.

In addition, investors are also more pessimistic when looking at the USA, because there is still no declining trend in corona infections.

Click here for a complete index overview

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.