Stock exchange: Meme share of Windeln.de with price slide of 10 percent

Price table on the German stock exchange:

The stock market is

trading

at a high level

Photo: Frank Rumpenhorst / dpa

Wait and see on the stock market: the Dax fell slightly again in the middle of the week. On Tuesday it closed 0.2 percent in the red at 15,640.60 points. The main topic of conversation on the trading floor remains inflation and the possible effects on monetary policy on both sides of the Atlantic. The MDax and EuroStoxx50 are hardly expected to change either. On Wall Street the day before, the Dow and S&P 500 ultimately stood still. The recovery on the Nasdaq technology exchange only continued at the beginning of trading, then the momentum ran out.

Investors therefore look forward to "Super Thursday" when the European Central Bank (ECB) meets for its deliberations and consumer prices are published in the USA. "While ECB boss Christine Lagarde sat at the microphone on Thursday at 2:30 pm, the inflation data from the USA ran over the ticker," said analyst Jochen Stanzl from online broker CMC Markets. "It should be an explosive press conference, especially if dynamic increases in prices from the USA should be reported at the start." The motto of the hour is waiting, added portfolio manager Thomas Altmann from QC Partners. "If tomorrow the ECB adjusts its inflation expectations practically at the same time and the inflation rate for May is published in the USA,the swings could increase significantly. "Until then, investors held back, profit-taking would still be most likely.

Dax, Dow and stocks at a glance:

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Windeln.de: Investors cash in after the price rally

After the price increase by several hundred percent within a few days, some investors are doing the

Windeln.de

share

Cash register. The shares recently fell by 13 percent to 5.10 euros, after having risen to just under 7 euros at the opening. The height of the fall remains extremely high: Last week the share was still quoted at 1.10 euros. Similar to the US video game retailer GameStop or the cinema chain AMC, the extreme price rally was driven by private investors who encouraged each other to buy in relevant Internet forums. With such so-called meme stocks, the strong price gains are based primarily on the social media hype about easy money, but not on fundamental data of the respective company. As with gambling, speculative investors who participate in it can achieve large profits, but also extreme losses, within a few hours.

Investors in the Dax are disappointed with the outlook from Heidelberger Druck.

The shares of the printing machine manufacturer fell by 15.5 percent.

This is the biggest price slide in two years.

The company is forecasting an increase in the operating margin from five to six to seven for the 2021/2022 financial year.

The market expectation, however, was eight percent, says a stockbroker.

A positive analyst comment encourages investors to join Grenke.

The shares of the leasing company rise in Frankfurt early trading by 3.3 percent to 38.01 euros.

The experts at Berenberg Bank upgraded the stocks to "Buy" from "Hold", but lowered the target price to 50 from 66 euros.

Lufthansa recovers slightly - USA relax travel warning

In the corona pandemic, the United States relaxed its travel warning for American citizens for destinations such as Germany and dozens of other countries.

In Europe, airlines with long-haul networks such as Lufthansa benefit from this.

Before the trading session on Tradegate, they were quoted 0.3 percent higher at the Xetra close.

The day before, Lufthansa had slipped by more than two percent, burdened by a sales vote by Goldman Sachs.

Bitcoin recovers, approaching the $ 35,000 mark again

Bitcoin cryptocurrency recovered slightly on Wednesday and approached the $ 35,000 mark again. The evening before, Bitcoin was still trading at $ 31,500 at times, then stabilized. If the psychologically important round mark of 30,000 US dollars should hold, a short-term recovery is possible, it said on the market. Stricter regulation in China has been putting the crypto market under pressure for days. At the same time, the El Salvador government has introduced a legislative initiative for the use of the cryptocurrency Bitcoin as legal tender in parliament. The members of the Finance Committee gave their approval shortly afterwards on Tuesday evening (local time), as the parliament announced on Twitter. The ruling party Nuevas Ideas (New Ideas) has had a two-thirds majority in parliament since May,which consists of only one chamber.

Stock exchanges in Asia inconsistent - rising inflation in China

The major Asian equity markets trended inconsistently on Wednesday.

They followed a lazy Wall Street.

The changes on the individual stock exchanges were generally limited, with the losers outweighing the winners.

Analyst Jeffrey Halley from broker Oanda justified the cautious business with US consumer prices on Thursday.

In view of the inflation concerns in the financial markets, the figures are of increased importance.

Warning signals from the inflation side had repeatedly caused irritation in the financial markets in the past few months.

Producer prices in China provided a foretaste of inflationary risks. In May these had risen more sharply than in 13 years. As the statistics office in Beijing announced on Wednesday, prices at the wholesale level rose by nine percent compared to the same month last year - again a little more than in April, when prices had already risen by 6.8 percent. The question now is whether Chinese producers can pass prices on to consumers, Halley noted. So far, this has not been the case: Chinese consumer prices rose 1.3 percent in May compared to the same month last year. Experts had expected a slightly higher plus here.

On the Tokyo stock exchange, the

Nikkei

225 closed

with a minus of 0.35 percent at 28,860.80 points.

The CSI-300 index, which includes the shares of the 300 largest listed companies in mainland China, recently fell 0.16 percent to 5223.83 points.

The Hang Seng Index in the Hong Kong Special Administrative Region lost 0.28 percent to 28,699.81 points in late trading.

In contrast, Indian stocks posted slight gains.

US stock exchanges hardly changed

Two days before the eagerly anticipated US inflation data, investors are shying away from major exposure to Wall Street.

The US standard

value index

Dow

Jones

closed on Tuesday 0.1 percent lower to 34,599 points.

The technology-heavy Nasdaq, however, advanced 0.3 percent to 13,924 points.

The broad S&P 500 closed little changed at 4227 points.

"There is growing evidence of improved economic momentum," said Jon Adams, investment strategist with asset manager BMO.

Investors assumed that the current price pressure was temporary.

"But they expect the inflationary phase to last longer than originally thought."

Experts expect inflation to rise from three percent to 3.4 year-on-year for May.

In contrast, the papers of the clothing company Gap, which were 2.8 percent more expensive, were in demand.

A jacket designed in collaboration with Yeezy, the fashion label of rapper Kanye West, sold out within hours.

Wendy's bills jumped nearly 26 percent.

Similar to the video game retailer GameStop or the cinema chain AMC, small investors cheered themselves on in relevant Internet forums to join the fast-food chain.

Crude oil prices are rising slightly

On the crude oil market, prices rose after an initial slack. The US variety WTI rose 1.4 percent to $ 70.24 per barrel (159 liters). Even if an agreement is reached in the current nuclear talks with Iran, it is unlikely that Iranian oil will return quickly to the world market, said analyst Phil Flynn from the brokerage firm Price Futures. The negotiations are to continue on Thursday.

On Monday in early trading, oil prices had at times marked multi-year highs.

WTI cost 70 dollars for the first time since October 2018, and the Brent price had risen to a two-year high of more than 72 dollars.

In the meantime, oil prices fell somewhat.

Little has changed in terms of the main price drivers in recent weeks.

The corona vaccination campaigns in many countries and the less tense virus situation in the USA, China and Europe are creating confidence.

The raw materials experts at Commerzbank rate the fundamental environment on the oil market as good.

The demand for fuel is recovering not only in the USA but also in Europe.

The reason is the elimination of corona restrictions.

with news agencies