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Price slide:
The
cryptocurrency
Bitcoin fell by more than $ 8,000 on Tuesday
Photo: CRISTOBAL HERRERA-ULASHKEVICH / EPA
One day before the eagerly awaited ECB Council meeting, the Dax started trading with losses on Wednesday.
Most recently, he expanded his losses to 1.6 percent and fell back to 15,611 points.
On Tuesday he closed 0.6 percent in the red due to corona worries that flared up again.
The EuroStoxx 50 also went down on Wednesday morning.
Helaba expert Ulrich Wortberg assumes that market participants will exercise restraint ahead of the ECB council meeting on Thursday.
"Worries that the ECB could massively reduce the pace of asset purchases as part of the pandemic program do not seem to be very pronounced," said Wortberg.
Not much has changed in the technical picture of the Dax, the indicators continue to signal that the air is getting thinner at around 16,000 points.
After the holiday break, the
Dow Jones Industrial
and
S&P 500 reported
losses
on Wall Street the night before
.
The index of the tech exchange, the Nasdaq 100, was meanwhile robust with close records.
After the previous day's crash: Bitcoin continues to slide
Bitcoin still failed to recover from the previous day's crash on Wednesday. Most recently, the cyber currency on the Bitstamp platform slipped below the $ 45,000 mark - Bitcoin had cost more than $ 52,600 in 24 hours.
At times, Bitcoin lost 18.6 percent on Tuesday, as much as it has not since the stock market crash of March 2020 - 180 billion dollars in market value were destroyed.
The introduction of Bitcoin as a means of payment in El Salvador turned out to be an "own goal" for the industry.
The historic day in El Salvador was accompanied by protests and technical disruptions on crypto trading platforms.
There was also concern that President Nayib Bukele announced in the midst of the downturn that the government had bought another 150 Bitcoin on Tuesday, valued at around seven million dollars.
The price of the cryptocurrency is extremely volatile: At the beginning of July, Bitcoin briefly fell below the $ 30,000 mark, but then rose again by around 70 percent.
In the wake of the Bitcoin's price losses, other cyber currencies also went downhill on Tuesday. Ethereum and Ripple each fell more than 20 percent. The two cryptocurrencies have multiplied their course since the beginning of the year, leaving Bitcoin far behind.
The irony of history - Tuesday's price crash occurred on a historic day for the cyber currency.
The digital currency Bitcoin became legal tender in El Salvador on Tuesday alongside the US dollar.
When a corresponding law came into force, the Central American state was the first country in the world to take this step.
The law stipulates that every trader who is technically capable of doing so must accept Bitcoin as a means of payment.
"Investors imagined the debut in El Salvador to be different," the market said.
According to reports, there were problems with the download of the "Chivo" wallet in El Salvador.
In addition, authorities around the world could start regulating Bitcoin more closely.
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El Salvador buys Bitcoin into the price plunge
Meanwhile, El Salvador's President Nayib Bukele tried on Tuesday not to let the Bitcoin premiere as an official means of payment be spoiled.
The government of the highly indebted country bought an additional 150 Bitcoin in the afternoon, as Bukele confirmed via Twitter.
You use the significant slide in prices to "enter into low prices", explained the President.
Clear criticism of this approach came from the World Bank.
A spokesman for the bank emphasized that El Salvador will not be supported in any way with the Bitcoin purchases.
Even the project to accept Bitcoin as an official means of payment does not have the blessing of the World Bank.
Bitcoin is a non-transparent currency and the climate balance is clearly negative.
Airbus, Nordex and Siemens Energy at a glance
Among the individual stocks, the shares of
Airbus
could be
worth a look. The aircraft manufacturer delivered even fewer machines in August than in July. The manufacturer handed over 40 commercial aircraft to customers, compared with 47 jets in the previous month. However, with 102 new orders in August, Airbus brought in more orders than in any previous month of the year. On the trading platform Tradegate, the shares rose by 0.3 percent before the market.
The wind turbine
manufacturer Nordex
landed twelve new orders on its home market in the summer months. Nordex will supply systems with a total volume of over 123 megawatts in Schleswig-Holstein, Lower Saxony, Brandenburg and North Rhine-Westphalia for various customers, the company said. The turbines are to be built and commissioned in 2022. On Tradegate, the papers gained 0.4 percent.
The shares of
Siemens Energy
fell on Tradegate by 1.3 percent after the US bank JPMorgan downgraded them from "Overweight" to "Neutral" and lowered the price target from 30 to 29 euros.
Analyst Andreas Willi justified the new vote with increasing risks at the wind power subsidiary Siemens Gamesa, whose share was also downgraded.
Oil prices
are rising slightly
Oil prices rose slightly in early trading on Wednesday in a calm environment.
In the morning, a barrel (159 liters) of North Sea Brent cost 71.82 US dollars.
That was 13 cents more than the day before.
The price of a barrel of the American West Texas Intermediate (WTI) rose 25 cents to $ 68.60.
There were initially no strong impulses in the morning.
In any case, crude oil prices have been moving in a very narrow trading range for a few days.
The prices are capped by ongoing concerns as a result of the rapid spread of the Corona Delta variant in many places.
On the other hand, support comes from the generally good mood on the financial markets.
Riskier investments like oil benefit from this.
With news agencies