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Bull and bear in front of the Deutsche Börse in Frankfurt:
The Dax is falling again after its record run
Photo: Frank Rumpenhorst / picture-alliance / dpa
Price losses on the stock exchange: Signs of monetary tightening by the US Federal Reserve (Fed) later this year weighed on the German stock market on Thursday.
The Dax expanded its losses to 1.5 percent in the morning and slipped below the 15,800 point mark.
The round mark of 16,000 points, which the German benchmark index crossed for the first time on Friday, is thus moving further away again.
The MDax and EuroStoxx 50 also gave way.
As can be seen from the minutes of the latest Fed meeting published on Wednesday evening, the members of the central bank were divided on when the bond purchases to support the economy should be reduced.
The majority, however, was of the opinion that it should start in 2021.
Stock marketers fear that a reduction in purchases could put the stock markets under pressure because it would deprive the markets of liquidity and also make other asset classes such as bonds more attractive.
Whether the Fed begins towards the end of the year or early in the first quarter of 2022 is ultimately of little importance, said analyst Jeffrey Halley of broker Oanda.
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Lanxess and Thyssenkrupp in view
Among the individual stocks on the German stock market, Lanxess in particular should come into focus, because the US investment bank Goldman Sachs has upgraded the chemical company's paper from "Sell" to "Buy" and thus upgraded by two steps. Analyst Georgina Iwamoto raised the target price from 56 to 72 euros. In early trading, the share was correspondingly firm. Decreasing pressure due to easing of raw material costs and supplier bottlenecks should give Lanxess' profit growth momentum. In addition, there are some potential price drivers in the medium term: the lithium project in the USA, the production of electrolytes for lithium-ion batteries, operational improvements at the subsidiary Rhein Chemie or its sale.
Steel companies such as Salzgitter, Thyssenkrupp or the steel trader Klöckner & Co could also attract attention.
The reason is further falling iron ore prices after China promised to reduce its steel production.
Great Wall buys Mercedes factory in Brazil
Like other chip manufacturers in Asia, Infineon could also suffer from disappointing statements from US network specialist Cisco.
On the evening before he presented his quarterly figures with a view to the rest of the year, he highlighted the ongoing delivery bottlenecks.
Among the car values,
Daimler and Hella
could be
worth a look
.
The Chinese automaker Great Wall Motors announced that it had acquired a factory in Brazil from the German automaker Daimler.
A price was not mentioned.
Hella with years
Headlight specialist Hella, which is about to be taken over by the French automotive supplier Faurecia, expressed itself cautiously optimistic about the new financial year.
Hella boss Rolf Breidenbach also highlighted very high levels of uncertainty.
In view of the above-mentioned range for growth in currency- and portfolio-adjusted annual sales in 2021/22, the market expectation is already at the upper end.
Asia's stock markets are mostly weak
The main Asian stock exchanges gave way on Thursday. They followed the guidelines of Wall Street. The US stock exchanges came under more pressure in late trading after investors saw signs of a possible tightening of monetary policy in the minutes of the recent meeting of the US Federal Reserve. Analyst Jeffrey Halley from broker Oanda also referred to hints by Chinese President Xi about a redistribution of wealth in the country. The analysts at JPMorgan meanwhile interpreted Xi's statements on the regulation of extremely high incomes as a signal that property and inheritance taxes could be tightened.
In Tokyo, the sale of shares in the car manufacturer Toyota had an impact.
The Japanese business newspaper
Nikkei
had reported that the automaker wanted to cut production in September by 40 percent compared to the plan.
The reason are the delivery bottlenecks for semiconductors and components due to the corona outbreaks in Southeast Asia.
Toyota shares fell 4.4 percent.
In Tokyo, the Japanese leading index
Nikkei
225 closed 1.1 percent lower at 27,281.17 points.
The CSI-300 index in China lost 0.57 percent to 4866.50 points.
The Hong Kong Special Administrative Region's Hang Seng Index fell 2.08 percent to 25,330.13 points in late trading.
The Australian S & P / ASX 200 fell 0.5 percent to 7,464.60 meters.
Bitcoin is slipping again
The cryptocurrency Bitcoin is giving way again.
Most recently, the world's oldest and best-known digital currency was listed on the Bitstamp trading platform well below the US $ 45,000 mark.
Last Saturday, Bitcoin climbed to its highest level since mid-May at $ 48,190.
Six weeks ago, Bitcoin was trading below the $ 30,000 mark and has since recovered significantly.
Oil prices continue to slide
On Thursday, oil prices picked up on the previous day's heavy losses and continued to fall significantly.
A barrel (159 liters) of North Sea Brent cost US $ 67.29 that morning.
That was 94 cents less than the day before.
The price of a barrel of American West Texas Intermediate (WTI) fell $ 1.11 to $ 64.35.
The most recent drop in oil prices has picked up speed again since Wednesday afternoon.
During this time, the price of US oil dropped by around three dollars and at times reached its lowest level since May.
The listing for oil from the North Sea has gone down about two and a half dollars since Wednesday afternoon.
In the morning, the Brent price hit $ 67.10, its lowest level since May
Market observers once again referred to the latest developments in the corona crisis.
The global spread of the delta variant of the virus is worrying the markets and has been a burden on oil prices for some time.
On Wednesday it was also announced that gasoline reserves in the US had recently increased surprisingly.
This has increased the demand concerns on the market, it said.
In addition, the dollar also benefited from increasing corona worries.
The world reserve currency was able to gain against all other major currencies in the morning.
Since crude oil is traded in dollars on the world market, a rise in the rate of the American currency makes the raw material more expensive in countries outside the dollar area and slows demand.
With news agencies