Investors on the German stock market held back on Wednesday morning with new engagements. The Dax dropped 0.1 percent to 23,593 points in the morning. The MDAX was hardly changed in the past. The Eurozone-Leiten-Leindex EUROSTOXX 50 turned minimally into the increase of 0.1 percent.
With the continued commuting around the mark of 23,600 points, the German leading index remains looking for direction and also under the 21-day line, the crossing of which would send a short-term positive chart-technical signal. However, he has not succeeded since the end of August.
At first there are no more positive impulses from Wall Street, because the US exchanges had to pay a little tribute on the eve of their latest record hunt. According to the NordLB experts, reluctant statements by US Federal Reserve chief Jerome Powell put the courses under pressure on future monetary policy in New York. There was talk of profit.
In Germany, the views of the ifo business climate are focused. The mood in the German economy surprisingly clouded out in September. This is a weak signal for the location of the economy in the largest economy in the euro zone.
Armor’s title further on the upswing
Once again, the focus is on German armaments with clear profits. According to the US government, the lack of negotiation of the Kremlin in the Ukraine War and injuries of the NATO airspace by Russia have also triggered a U-President Donald Trump. Among other things, he had spoken out in NATO territory for the shooting of Russian aircraft and optimistic about the chances of victory in Ukraine in the war with Russia.
Rheinmetall’s shares attracted 2 percent at the Dax tip and are thus approaching their record from mid-September. Renk and Hensoldt’s papers increased by 4.4 and 4.5 percent.
The Lanxess share certificates were weakest MDAX value with a price discount of 6.5 percent. Previously, Deutsche Bank Research had graduated from “Buy” on “Hold” and reduced the target from 27 to 23 euros. The Cologne residents are the best chemical value of the year, but an important spa driver is now off the table, while massive risks of results from shrinking sales volumes remained, analyst Tristan Lamotte justified the re -evaluation.
With the packaging manufacturer Gerresheimer, the descent for bad news does not end. The new CFO Wolf Lehmann must take an unpleasant examination by the financial supervision in the first month of his work. On Wednesday, this gave the stock a sudden, new drop of the course by 23 percent to EUR 32.8. The last time the course had been lower in 2012. This year’s minus is now more than half.
Losses after records on Wall Street
The US exchanges paid a little tribute to the record hunt of the past few weeks on Tuesday. The technology -based selection index NASDAQ 100 started with losses – at the end of the trade, it was noted 0.7 percent lower at 24,580.2 points. He had the previous day after positive news from the Tech heavyweights Nvidia and Apple Something greater than the other indices and also a new record.
The US feature index Dow Jones Industrial set up a new record on Tuesday, but then slipped and said goodbye to 0.2 percent lower with 46,292.8 points. The same thing happened to the market -wide S&P 500, which ultimately lost 0.6 percent to 6,656.9 points.
At the beginning of the week, the Chipriese Nvidia had given the megatrend artificial intelligence (AI) with announced billion dollar investments in the Chatgpt developer Openaai, which investors had rewarded with clear price gains and a record high. On Tuesday, the titles with minus 2.8 percent suffered from profit. In addition, the Chinese tech giant terminated Huawei A three-year campaign to overtake Nvidia at AI chips. Other tech values such as Oracle
Turn oil prices into profit zone
The oil prices have recently increased and have thus stopped the losses of the past few days. A barrel (159 liters) of the North Sea variety Brent for delivery in November cost $ 67.6. That was $ 1 more than the day before. The price for a barrel of the US variety WTI rose by $ 1.1 to $ 63.4.
After the lists were slightly under sales in the morning, they turned into the profit zone by the afternoon. Previously, the price of brent oil had dropped four in a row. On the oil market, however, the notations continued to stay in a comparatively narrow trading range. Since the beginning of August, oil prices have fluctuated between $ 65 and $ 70 per barrel. While geopolitical risks such as the Russian attack war against the Ukraine caused a buoyancy, the oil prices are at the same time contaminated by a higher amount of states from the Olverbund Opec+.
Finally, the efforts for new sanctions against the funding country are Russia A little more in the foreground. The Canadian Prime Minister Mark Carney had stated that he wanted the western allies quickly impose secondary sanctions against Russia in order to increase the pressure on Russian President Vladimir Putin.