NEW YORK (awp international) – Profits are expected to start on the US stock exchanges this Friday. Wall Street is thus starting to recover again after the losses of the previous day. The Ukraine war also dominated events on the last day of the trading week.
Around three quarters of an hour before the official start of trading, the broker IG assessed the Dow Jones Industrial with an increase of almost 0.9 percent to 33,456 points. In the previous four trading days, the leading US index had lost more than one percent. The weekly balance so far is clearly negative for the technology-heavy Nasdaq 100 index, which is now expected to be 1.3 percent higher at 13,763 points at the start of trading.
The stockbrokers are currently taking heart from even the smallest signal in the Ukraine crisis. Recent statements by the Russian President gave some impetus to the international trading centers. According to the Russian news agency Interfax, Vladimir Putin expressed optimism about the talks with Ukraine.
Meanwhile, hostilities in the country continue, and in the economic conflict with the West, Russia is increasingly threatening international companies that are withdrawing in protest of the war. According to media reports, the USA in turn wants to pave the way for higher tariffs on Russian goods together with other G7 countries and the EU.
From the point of view of experts, the situation on the stock markets remains fragile. “The geopolitical news situation in particular is currently making it difficult to make medium-term price forecasts,” says market expert Andreas Lipkow from Comdirect. And new imponderables are added almost every trading day. In the meantime, the USA had “taken up the reins against China again” and threatened some Chinese companies with delisting from the US stock exchanges.
Chinese companies listed on Wall Street include ridesharing company Didi. Its shares fell more than 13 percent in premarket trading after Uber’s competitor put plans for an IPO in Hong Kong on hold over difficulties with Chinese authorities, according to a report by Bloomberg news agency.
The software group and SAP rival Oracle meanwhile disappointed with a drop in profits in the past quarter – the shares were able to contain their losses significantly before the official start of trading.
A production forecast for the electric car manufacturer Rivian, which is classified as weak and is making life difficult for supply chain problems, caused pre-market price falls of more than eight percent. Apple papers, on the other hand, could benefit from a positive study. Barclays analyst Tim Long increased his iPhone estimates./tav/jha/
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