The broker IG recently valued the Dow a good half a percent higher to 31,983 points. The day before, after two strong winning days and fresh records of over 32,000 points, the air for the price barometer had thinned. The technology-heavy selection index Nasdaq 100 was recently valued a good half a percent higher, after it had jumped up by about four percent the previous day.
Investors looked eagerly at consumer price figures from the US on Wednesday after fears of inflation recently pushed bond yields higher. By and large, these met expectations. According to an initial assessment by Helaba, price pressure appears to be increasing; after all, the overall inflation rate is at its highest level in a year. But the inflation worries should not become greater, according to economist Ulrich Wortberg from the Landesbank. He pointed out that inflation was related to increased energy costs, but the core rate had fallen slightly.
The inflation worries that have recently arisen are also related to a gigantic new economic stimulus package, which is likely to be finalized this Wednesday. During the course of the day, the House of Representatives is expected to approve the $ 1.9 trillion package of measures with which the new US President Joe Biden wants to cushion the consequences of the corona pandemic.
Probably the biggest symbol of the tech recovery the day before was the shares of Tesla, which had plummeted by 40 percent from their January record to last Friday. On Tuesday they had recovered by around a fifth, and the rally appears to be continuing in the middle of the week. Before the trading session, the shares were up 2.8 percent.
The pre-trading trend at General Electric (GE) is not clear. The shares turned recently with 2.1 percent in the red. The US conglomerate is parting with its aircraft leasing business Gecas as part of its restructuring, which it is merging with Irish competitor AerCap. For the deal, GE is to receive more than 30 billion US dollars, which is to flow into the reduction of debt.
The headlines are again made by the Gamestop share, which has been very popular with private speculators since the end of January. For a long time it was a little quieter about the papers, but this week at the latest they drew attention again with two price jumps on Monday and Tuesday. They are now continuing the rally pre-trading with a plus of 12 percent./tih/mis
(AWP)
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