Of the DAX is expected to be 1.7 percent weaker at 10,498 points. On Tuesday, it closed 0.47 percent higher at 10,675.90 points. At the TecDAX At the close of trading on Tuesday, there was an increase of 1.23 percent to 2,906.50 meters.
After the stock markets in the USA and Asia had already reacted to the historical price slump on the oil market with clear price drops, German investors should also be unsettled on Tuesday and send the DAX down. The May futures contract for Rohl of the WTI variety had dropped to minus $ 40.32 on Monday. In the meantime, however, the situation has calmed down somewhat and the price for WTI has returned to the positive range. However, the gulf between supply and demand, which is exacerbated by the corona pandemic, remains on the oil market.
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Of the EuroSTOXX 50 is expected to post significant losses of 1.8 percent at 2,857 points after ending Monday trading 0.73 percent firmer at 2,909.50 index units.
The recent turmoil in the oil market, which has caused short-term negative prices for the American oil grade WTI for delivery in May, is worrying investors. The oil price shows impressively how badly the economy is doing and that there will be no quick economic recovery, commented portfolio manager Thomas Altmann from QC Partners.
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The leading US index Dow Jones 30 Industrial dropped 2.46 percent in Monday trading to 23,646.60 index points. The technology-heavy selection index NASDAQ composite was also unable to escape the market sentiment and slipped by 1.03 percent to 8,560.73 points.
“Given the uncertainty surrounding the development of COVID-19 infection numbers, the markets should remain volatile,” said market expert Timo Emden from Emden Research to dpa. “If there are significant cases of Corona again in the coming weeks, the return from the return should catch many market participants on the wrong foot.” Although the Dow Jones has now made up some of its losses, investor uncertainty remains, and with it the volatility of the markets.
The strong drop in oil prices also hit investors’ mood on Monday. Because of the corona crisis, the price of US rohl dropped to a historic low. The price of a contract for physical oil delivery in May was negative for the first time since futures trading began in 1983 – most recently at $ 54.88 a barrel (159 liters) at a discount of 302 percent . This means that buyers receive money when they are accepted.
On the corporate side, Uber came up with numbers.
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It breaks in Tokyo Nikkei around 8:15 a.m. of our time by 1.97 percent to 19,281 points.
On the Chinese mainland, the Shanghai Composite at the same time 1.08 percent to 2,822 index points. In Hong Kong, the Hang Seng meanwhile give 2.08 percent to 23,825 counters.
The historic drop in the price of US-l also affects the mood among Asian investors. The previous evening, the plummeting oil price for WTI had marked a record low in the negative range, causing clear losses on the US stock markets.
In addition, concerns about the global economy continue to weigh on sentiment given the ongoing corona pandemic.
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