Trading on the German stock market is positive on Tuesday.
The DAX gained 0.52 percent to open at 15,684.64 points and remains firm. The TecDAX rose by 0.4 percent to 3,066.02 points at the start of trading and is currently in positive territory.
On Tuesday, largely positive signals from the USA provided some tailwind for German stocks. Tina Teng, market analyst at CMC Markets, sees bargain hunters in the US market, but the excitement is “once again focused on big tech stocks.”
Click here for the complete index overview
The bulls dominated the European stock exchanges on Tuesday.
The EURO STOXX 50 gained only 0.03 percent to 4,226.10 points at the beginning of trading, but can clearly rise afterwards.
Traders are saying that Monday’s strong recovery in US tech stocks is also having a positive effect on European stock markets. Expected statements from US central bankers are likely to take center stage in the afternoon. Speakers include Fed Richmond President Barkin and Fed Chicago President Goolsbee.
Click here for the complete index overview
US stock markets closed mixed on Monday.
The Dow Jones Index was 0.11 percent lower at 34,463.69 points at the end of trading. At the opening he had registered a minimal plus, but then turned into minus. The NASDAQ Composite continued to extend its initial gains through the close, ultimately ending the session up 1.56 percent at 13,497.59.
Also in the new week, US monetary policy and the weakening Chinese economy have the US stock exchanges under control. “The growth engine China has slowed down and there is great concern that this could also be a brake on the global economy,” quoted dpa-AFX Christian Henke from the trading house IG. In addition, an interest rate pause in the USA is no longer considered certain.
There could be indications of further action by the US Federal Reserve at the end of the week. Then the annual central bankers’ meeting will take place in Jackson Hole (Wyoming), at which a speech by Fed boss Jerome Powell is eagerly awaited.
Click here for the complete index overview
Positive signs can be seen on the Asian equity markets on Tuesday.
In Tokyo he won Nikkei by the end of trading 0.92 percent to 31,856.71 points.
In mainland China it is Shanghai Composite turned positive in the course of trading and finally closed 0.88 percent higher at 3,120.33 points. It’s in Hong Kong Hang Seng around 9:30 a.m. GMT by 1.08 percent higher at 17,814 points.
Asian investors initially remained cautious on Tuesday due to economic concerns in China and ahead of Fed Chairman Jerome Powell’s appearance in Jackson Hole on Friday, but optimism is spreading in trading and prices are turning positive. However, some experts only speak of a countermovement. In China in particular, skepticism persists as to whether the measures decided by the Chinese central bank are sufficient to stimulate the sluggish economy again. In this context, analysts at the OCBC warn of a fragile mood on the Chinese markets due to the confusion about the current political priorities. Fund manager Thomas Altmann from asset manager QC Partners pointed out that the current rule in China is: No news is good news – and so far there has been no new news on Tuesday.
Click here for the complete index overview
2023-08-22 07:09:19
#DAX #gains #Asias #stock #exchanges #stronger #SFC #Energy #optimistic #jump #sales #Poor #IPO #York #Zoom #profit
