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Stock exchange in Frankfurt: Dax close to 16,300 meters and at a record high, Bitcoin crashes to 55,000 US dollars
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Boris Roessler / dpa
After slight losses the day before, the Dax should resume its record run on Friday.
The mark of 16,300 points now seems to be surmountable, because the X-Dax as an indicator for the German leading index signals an increase of 0.5 percent to 16,296 points around three quarters of an hour before the start of trading.
The MDax and the leading Eurozone index EuroStoxx 50 should also continue to grow in early trading.
On Thursday, the German stock market barometer topped its almost seven-week rally with another high of 16,290 points before slight profit-taking began.
Its plus during this period is almost 10 percent from the low on October 6 to the close of trading the previous day.
High ratings, thin sales
Although the Dax is currently unaffected by inflation concerns and rising corona numbers, it is still at a record level, but "the accompanying trading volumes leave much to be desired and the momentum is also increasingly weakening," said Helaba's analyst Christian Schmidt.
Especially with a view to inflationary tendencies, he asks how long all these developments can be ignored by the markets.
"Especially since speculation about a possible US interest rate hike starts earlier and earlier. Once again, it is important to emphasize that the valuation levels are still ambitious."
Expiry date on the stock exchanges
Portfolio manager Thomas Altmann from QC Partners also remembers the monthly expiration of options on the futures exchanges, which could lead to increased fluctuations in the stock market, with a view to trading on this Friday.
In this context, he sees brands in the Dax with large positions at 16,100 points and in the EuroStoxx 50 at 4,400 points.
Overall, however, Altmann still speaks of great optimism.
Telekom shares still in demand
Meanwhile, things should be quiet among the individual stocks now that the reporting season is almost over.
The T-Share could come into focus again.
manager magazin had exclusively reported on Thursday that Telekom wanted to part with its loss-making IT subsidiary T-Systems.
Deutsche Telekom shares rose on Tradegate.
Alibaba slows Asia's stock exchanges - Nikkei in Tokyo is up
Price losses at the Chinese Internet giant Alibaba spoiled investors in Asia on Friday.
The MSCI index for Asia-Pacific ex Japan lost 0.8 percent.
The leading index in Hong Kong fell by a good one percent, burdened by disappointing business figures from heavyweight Alibaba, whose shares plummeted by ten percent.
The numbers of the Internet retailer for the second quarter had missed the expectations of the analysts.
The Japanese stock exchange braced itself against the downward trend in Asia.
The Nikkei index in Tokyo gained 0.5 percent to 29,745 points, the broader Topix rose 0.4 percent.
The announcement of a new economic stimulus package by Prime Minister Fumio Kishida provided support.
Bitcoin keeps crashing - 20 percent loss within 9 days
Bitcoin, the world's most famous digital currency, continued its downward slide on Friday night.
Most recently, Bitcoin was trading around the $ 55,000 mark.
On November 10, Bitcoin had hit a record high of $ 68,000.
Bitcoin has lost around 20 percent of its value within 9 days.
Crypto investors keep money safe.
Ether and other cryptocurrencies also fell in some cases by double digits.
Wall Street: Nvidia gives tech stocks a boost, Nasdaq hits record high
Thanks to strong business figures from Nvidia, US tech stocks returned to record mode on Thursday.
The Nasdaq 100 industry index crowned its race to catch up, which began in the middle of last week, with a record high of almost 16,502 points.
The Dow Jones Industrial, on the other hand, suffered from a slide in the price of Cisco shares and expanded its previous day's losses somewhat.
The Dow ended up falling 0.17 percent to 35,870.95 points.
For the market-wide S&P 500, however, it rose 0.34 percent to 4704.54 points.
The Nasdaq 100 closed 1.07 percent up at 16,482.97 points.
Oil prices recover from a one-month low
Oil prices recovered somewhat on Friday from their losses in the past few days. In the morning, a barrel (159 liters) of North Sea Brent cost US $ 82.04. That was 80 cents more than the day before. The price of a barrel of the American West Texas Intermediate (WTI) rose 76 cents to $ 79.77. On Thursday, prices had dropped to their lowest level in a month.
Oil prices have recently benefited somewhat from the generally good mood on the stock markets.
Otherwise, everything on the market revolves around the possible release of strategic oil reserves by large economies.
China has already announced such a step, and the US has been debating a release for a long time.
According to media reports, the US government wants to encourage other large consumer countries such as Japan, South Korea and India to take similar steps.
The background to the considerations is the high price of crude oil.
In October they rose to multi-year highs before falling a little in the past few weeks.
Economists fear that the high price level will slow down the economic recovery from the Corona slump.
For most countries, oil is still one of the most important raw materials.
with news agencies