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Price slide:
The
cryptocurrency
Bitcoin crashes by more than 10 percent on Tuesday
Photo: CRISTOBAL HERRERA-ULASHKEVICH / EPA
Dax in reverse gear: After the good start to the week on Tuesday, the Dax continued to fall back by noon.
After good foreign trade data from China had caused some optimism in the morning, local economic data with the ZEW economic expectations again put a damper on them.
Most recently, the leading German index was down 0.32 percent at 15,880.37 points.
The EuroStoxx 50, the leading index for the Eurozone, also fell slightly.
The MDax of the 60 medium-sized stock market stocks, on the other hand, was able to build on its previous day's gains with a small plus of 0.2 percent to 36,282.98 points.
Dax, Dow and stocks at a glance:
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Bitcoin tests the $ 52,000 mark and then crashes again
Roller coaster ride on the crypto market: The crypto currency Bitcoin initially climbed to a 4-month high on Tuesday morning - and then collapsed again.
The day before Bitcoin was introduced as legal tender in El Salvador, the morning cyber currency on the Bitstamp platform was temporarily quoted at $ 52,600.
In the afternoon, however, profit-taking began, after which Bitcoin fell again by around 10 percent and most recently even fell below the $ 45,000 mark.
Bitcoin has lost around 7,000 US dollars in value within a few hours.
The price is extremely volatile: At the beginning of July, Bitcoin briefly fell below the $ 30,000 mark, but then rose again by around 70 percent.
Telekom shares give up initial profits again - worries about capital increase
On the corporate side, the focus was on Deutsche Telekom shares.
The sale of the Dutch subsidiary was going at a higher price than expected, said a stockbroker.
In addition, Telekom is increasing its stake in its subsidiary T-Mobile US and is also taking over shares in the Japanese conglomerate Softbank, which in turn becomes the second largest shareholder in the German group.
The shares of the Bonn-based group, which had recently weakened, initially rose by almost 3 percent in early trading, and then gave up their initial profits again by noon.
Stockbrokers saw investors' concerns about the dilution caused by the capital increase as a burden.
US stock exchanges: Dow weaker, Nasdaq 100 at record high
After the long weekend in the US, investors hesitate to invest in Wall Street. The leading indices
Dow
Jones
and S&P 500
barely moved at the opening on Tuesday. The technology-heavy Nasdaq, on the other hand, rose by 0.2 percent to 15,390.57 points, surpassing its record from last week by a few points. The rapid spread of the particularly contagious delta variant of the coronavirus is dampening sentiment, said Arthur Weise, chief investor at Kingsland Growth, a financial advisor. At the same time, the prospect of a sustained flood of money from the US Federal Reserve (Fed) prevents major price setbacks, said stockbrokers. After the disappointing labor market data on Friday, investors are expecting that a reduction in securities purchases by the Fed, the so-called tapering, is off the table for the time being. At the end of September, the management of the central bank is again discussing its monetary policy.
One of the losers on the US stock market was Boeing with a price drop of 1.5 percent.
On Monday, negotiations with Ryanair about the delivery of several 737-MAX machines were broken because of different price expectations.
The Irish low-cost airline is one of the Airbus rival's biggest customers.
Oil prices
move little
The
oil prices
have moved first on Tuesday in early trading slightly from the spot.
In the morning, a barrel (159 liters) of North Sea Brent cost 72.54 US dollars.
That was 32 cents more than on Monday.
The price for a barrel of the American WTI variety fell by 15 cents to $ 69.14.
However, this change relates to Friday as US oil did not close on Monday due to a public holiday.
After a strong recovery since the beginning of 2021, oil prices have come under pressure since the middle of the year.
The decisive factor was the development of the pandemic: while raw materials initially benefited from the strong economic recovery due to numerous vaccinations, the increasing spread of the delta variant had a negative impact.
It is feared that the economic development will suffer again, which would also weigh on the demand for crude oil.
With news agencies