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Exchange: Dax with price gains, cryptocurrency Bitcoin with losses

2021-12-28T10:40:02.742Z


The price rally in the USA is also driving the Dax up. The US S&P 500 index is at a record high despite the Omikron wave. The Dax is only a few points short of the 16,000 point mark.


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Bull on Wall Street:

The price rally in the USA is also driving the Dax close to a record level

Photo: BRENDAN MCDERMID / REUTERS

The Dax is looking at the round mark of 16,000 points again: After several profitable trading days in a row, the prices on the German stock market continued to rise on Tuesday.

The leading index Dax advanced in the morning by 0.6 percent to 15,914 points.

Previously, the Dax had already risen by almost four percent in four sessions, bargain hunters had used a bitter setback to get started.

The day before, the Dax had climbed to its highest level in a month.

In the rather thin trade between the years, just a few buyers are enough to move the market.

The MDax of the medium-sized stock market stocks was up 0.47 percent in the morning at 35,229 points.

The leading Eurozone index EuroStoxx 50 also posted gains of 0.23 percent to 4297 points.

Healthcare stocks in demand

The stocks from the health sector were wanted in the Dax.

At the top, Sartorius prices rose by a good one percent.

For Fresenius and Fresenius Medical Care there was an increase of almost one percent each.

Among the small caps in the SDax, S & T's shares continued the recent recovery and gained two percent.

The Austrian IT service provider has the allegations recently made by the financial investor Viceroy Research externally examined.

Viceroy Research made numerous far-reaching misjudgments in its report that did not stand up to an objective examination, according to S&T.

The allegations by Viceroy Research caused the share price to collapse in the middle of the month.

Nikkei clearly in the plus

Asian stocks initially rose on Tuesday and are on the wake of another record day on Wall Street.

After the worst fears about the effects of the Omikron variant had subsided, investors turned back to riskier stocks.

"The risk-taking mood remains," said Edison Pun, senior market analyst at Saxo Markets in Hong Kong.

Investors were not worried about Omikorn or the outbreak in China.

The Nikkei index, which comprises 225 values, was 1.1 percent higher at 28,991 points.

The broader Topix index rose 1.1 percent and stood at 1999 points.

The Shanghai stock exchange was 0.2 percent in the red.

The index of the major companies in Shanghai and Shenzen gained 0.1 percent.

Japan's industrial production with record increase

Japanese industrial production continued to recover in November after a period of weakness in summer. The production of industrial companies grew in November compared to October with a record increase of 7.2 percent, announced the Ministry of Economy, Trade and Industry (Meti) on Tuesday based on preliminary data in Tokyo. It is the highest increase in decades. Of the 15 industries observed, 11 reported growth, according to the ministry. The auto sector in particular increased its emissions significantly in November with a 43 percent increase, which accounted for two thirds of the total increase. According to observers, the figures provide impressive evidence that the Japanese industry has recovered from supply chain problems and is developing solidly before the appearance of the Omicron variant of the coronavirus.

Dollar hardly changed

In Asian foreign exchange trading, the dollar was almost unchanged at 114.84 yen and stagnated at 6.3718 yuan.

In relation to the Swiss currency, it was quoted hardly changed at 0.9174 francs.

At the same time, the euro remained almost unchanged at 1.1323 dollars and was quoted little changed at 1.0390 francs.

The pound sterling lost 0.1 percent to $ 1.3430.

US stock exchanges up: S&P 500 at record high

The US stock markets seamlessly continued their recovery course from the week before Christmas on Monday and closed much more firmly. The market-wide and particularly informative

S&P 500 index

climbed

another record high and ultimately gained 1.38 percent to 4791.19 points

. The leading index Dow Jones Industrial reached its highest level since mid-November. In the end, there was an increase of 0.98 percent at 36,302.38 meters. The technology-heavy Nasdaq 100 rose 1.59 percent to 16,567.50 points.

Even before the extended Christmas weekend, the three stock market barometers had laid out a series of several days of recovery.

The annual balance sheets of the three indices are also impressive: The Nasdaq 100 is ahead with an increase in value of more than 28 percent, closely followed by the S&P 500, which has increased by a good 27 percent.

The Dow Jones Industrial lags behind with a plus of almost 19 percent.

Stockbrokers spoke of a good start to the "Santa Claus Rally" amid the increasing number of coronavirus cases.

The "Santa Claus Rally" is a seven-day period that includes the last five trading days of the old year and the first two trading days of the new year.

Since 1969, the S&P 500 index has risen by an average of 1.3 percent during this period.

In contrast to the general market trend, airline shares were weaker.

The US airlines had to cancel hundreds of flights over the Christmas weekend due to the rampant Coronavirus variant Omikron and bad weather.

United Airlines' paper fell 0.7 percent, Delta Air Lines' 0.8 percent, and American Airlines' 0.5 percent.

The shares of Chinese companies listed in the USA suffered from new rules imposed by the Chinese leadership for listing shares on foreign stock exchanges.

The papers of the Amazon competitor Alibaba fell by 1.7 percent.

The recent record-low titles of the transport agent Didi fell by 5.4 percent.

Bitcoin falls below the $ 50,000 mark again

Bitcoin, the world's best-known digital currency, was recently listed again just below the $ 50,000 mark, 3 percent lower than the day before.

The cyber currency hit this year's low at 27,734 US dollars on January 4th, and since then the price has more than doubled at times.

Bitcoin hit a record high at $ 67,000 in early November.

Oil prices

are increasing again

Oil prices rose again on Tuesday night.

Until recently, the price of a barrel (159 liters) of North Sea Brent rose to US $ 78.71.

That was $ 2.59 more than Friday.

The price of a barrel of the American West Texas Intermediate (WTI) rose by $ 2.04 to $ 75.83.

Because of a public holiday in the USA, this variety was last traded on Thursday.

Traders referred to the friendly stock markets.

Confidence is growing on the financial markets that the spread of the Omikron variant will have less of an impact on economic development than initially expected.

Experts pointed to the possibly lower severity of the disease.

However, the trade remains nervous.

Finally, the transport sector in particular is likely to suffer from further possible restrictions.

This could also dampen demand for crude oil.

With news agencies

Source: spiegel

All news articles on 2021-12-28

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