Traders on the German stock exchange:
The Dax is
trading
near a record high
Photo: Frank Rumpenhorst / dpa
Wait and see on the stock market: On Wednesday, the Dax was barely changed, just below the 15,800 mark. Investors are focusing on the US inflation figures for July. "It is possible that this time there will be a 5 in front of the decimal point," said Thomas Altmann from asset manager QC Partners. This increases the pressure to act for the US Federal Reserve. After a price increase of 4.5 percent in the previous month, inflation of 4.6 percent is expected. Fed chairman Jerome Powell has recently appeased the financial markets, but the central bank could turn the interest rate screw if inflation continues to rise. The Dow Jones closed slightly in positive territory on Tuesday evening, while the Nasdaq 100 technology index fell 0.5 percent. In Asia, the indices were mostly positive.
Dax, Dow and stocks at a glance
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Eon increases prognosis
For the individual stocks, investors take a close look at the quarterly figures from Eon, Thyssenkrupp, Uniper and Lanxess, among others.
The utility Eon raised its forecast.
The profit in the first half of the year was better than expected, said a trader.
On Tradegate, the stocks were listed just under one percent higher.
Good business with the auto industry and with materials related to material protection, disinfectants and water treatment also make the chemical company Lanxess more optimistic for 2021. The shares gained 1.1 percent on Tradegate.
MDax: Thyssenkrupp and Hella under pressure
The shares of the conglomerate Thyssenkrupp fell by the numbers by 8 percent.
The expectations of the industrial group were not high, but the reduction of the target for the free inflow of funds still weighed heavily on the price, said a stock exchange trader.
Hella shares slipped by around 5 percent in early trading.
The offers for the auto supplier are likely to be around 60 euros per share, rather below the previously rumored price, according to the market.
Bitcoin soars above $ 46,000
The cryptocurrency Bitcoin hovered around the $ 46,000 mark on Wednesday.
The cyber currency has recovered significantly in the past four weeks, with Bitcoin falling below the $ 30,000 mark in mid-July.
The soaring in Bitcoin lets investors reach for the shares of the cryptocurrency miners.
Bit Mining's paper and Bitfarms' shares have recently been in high demand.
Kryptohype: Coinbase with profit growth of almost 5000 percent
Coinbase, the largest US trading platform for cyber currencies such as Bitcoin, made splendid earnings in the second quarter despite the sudden end of the record hunt on the crypto market.
In the three months to the end of June, profit shot up by around 4900 percent year-on-year to 1.6 billion dollars (1.4 billion euros).
Coinbase announced on Tuesday after the US market closed.
Revenues grew by over 1000 percent to $ 2.0 billion.
However, the business is heavily dependent on the ongoing crypto hype.
Recently, the prices of Bitcoin and Co. have already gone up significantly, but the company still expects lower growth.
The strong figures for the past quarter therefore initially did not trigger any major price jumps on Wall Street, the shares of Coinbase only rose slightly after the hours.
Since the brilliant IPO of the crypto exchange in April, the company, which was founded in 2012, has already had a difficult time with investors. The share price has fallen by almost 30 percent since it premiered on the New York tech stock exchange Nasdaq, and on Tuesday it closed at just under $ 270 .
Asia's stock exchanges hardly changed
Asian stock markets are treading on the spot on Wednesday. Investors do not let go of worries about the spread of the delta variant of the corona virus. Case numbers are rising in many Asian countries, raising concerns about measures and restrictions that could affect economic recovery. "There are many more concerns about Delta because it affects many Asian economies where vaccination rates are lower," said Ray Farris, Credit Suisse investment strategist for South Asia. The Nikkei index, which comprises 225 values, was 0.7 percent higher at 28,069 points. The broader Topix index rose 1 percent and stood at 1956 points. The Shanghai stock exchange was up 0.2 percent. The index of the most important companies in Shanghai and Shenzen lost 0.1 percent.
In Asian foreign exchange trading, the dollar gained 0.1 percent to 110.65 yen and was down 0.1 percent to 6.4817 yuan.
In relation to the Swiss currency, it was quoted 0.1 percent lower at 0.9218 francs.
At the same time, the euro remained almost unchanged at 1.1721 dollars and was quoted little changed at 1.0810 francs.
The pound sterling lost 0.1 percent to $ 1.3831.
Oil prices are falling somewhat
Oil prices fell a little on Wednesday, ending the rise in the first two trading days of the week for the time being.
Market observers spoke of a slight countermovement.
A barrel (159 liters) of North Sea Brent cost US $ 70.49 that morning.
That was 14 cents less than the day before.
The price of a barrel of the American West Texas Intermediate (WTI) also fell by 14 cents to $ 68.15.
In the oil market, the development of inventories in the USA has moved more into the focus of investors, with data on gasoline reserves in particular being the focus of interest. The previous evening it became known that the American Petroleum Institute (API) had recorded a decline in gasoline inventories of 1.11 million barrels in the past week.
The stock data gave oil prices a significant boost on Tuesday, the market said, before a slight countermovement set in on Wednesday morning.
In addition to declining gasoline inventories, the API has also seen US oil reserves decline, but only by 0.8 million barrels.
Falling reserves can be an indication of increased demand.
If the decline is confirmed by official US government inventory data scheduled for the afternoon, oil prices could get a new boost.
with news agencies
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