Stock market: price rally in the Dax, Dow Jones on a recovery course, cryptocurrency Bitcoin in the plus near 40,000 US dollars

Enlarge image

Stock exchange in Frankfurt:

The Dax increased significantly on Friday

Photo: Lisi Niesner / REUTERS

The hope that Russia would be willing to engage in dialogue in the Ukraine crisis gave the

a boost.

on Friday by the close of trading on Xetra (5:30 p.m.)

after Russian President

appears to be willing to talk.

Moscow is ready to send a Russian delegation to the talks in the Belarusian capital of Minsk, said Kremlin spokesman Dmitry Peskov.

Ukrainian President Volodymyr Zelenskyi twice offered to meet Russian President Vladimir Putin.

The host of the meeting in Minsk would then be the Belarusian dictator Lukashenko, a loyal vassal of Putin.

The Ukraine brought up Poland's capital Warsaw as a location for a meeting.

In addition, the previous waiver of sanctions against Russian energy companies and the waiver of Russia's exclusion from the Swift payment network have given the markets a sigh of relief, said Neil Wilson, chief analyst at online broker Markets.com.

The leading US index Dow Jones also started with gains on Friday.

The Nasdaq 100, which had already risen sharply the previous day, also rose.

On the crypto market, the cryptocurrency Bitcoin rose by almost 10 percent to almost 40,000 US dollars.

However, it is still unclear whether the stock markets have already bottomed out, said portfolio manager Thomas Altmann from the investment advisor QC Partners.

"As such, it will be exciting to see whether those who have bought now are long-term investors, or whether stocks will be quickly dumped back into the market in a further recovery."

Energy values ​​are increasing - RWE and Uniper are up

The threat to Europe's energy security posed by the war in Ukraine put the focus on utility stocks with high price gains on Friday.

Germany is heavily dependent on Russian gas.

Alternatives are needed if this dependency is to be reduced.

All in all, a long-term restructuring of the European energy supply is pending, said Dekabank chief economist Ulrich Kater.

Russia's war of aggression in Ukraine is fundamentally changing the geopolitical and economic framework for Europe.

Speculations about extending the operating hours of coal-fired power plants to temporarily cover deficits made the rounds on Friday.

At the same time, politicians are likely to push the expansion of renewable energies.

The electricity and gas prices, which were already high before the outbreak of war, could initially continue to rise.

, in particular, benefits from these scenarios.

Its shares climbed to a high of EUR 40.54 on Friday, a high since the summer of 2011 and

were recently seven percent higher at the top of the

In addition, Eon gained four percent.

recovered

somewhat from its price drop this week with an increase of almost seven percent.

The shares of VW and the holding company Porsche went up by around three percent each, because the top committees of the VW Group approved an IPO for the sports car subsidiary Porsche AG.

The feasibility is now being examined in detail.

Bitcoin surges near $40,000

Digital currencies like Bitcoin reacted to Russia's attack on Ukraine with significant price losses on Thursday.

On Friday, however, the price of the oldest and by market value largest cryptocurrency Bitcoin rose again by almost 10 percent to almost 40,000 US dollars.

Other cryptocurrencies also gained.

US stock markets on course for recovery

Investors on Wall Street cautiously approached on Friday.

The

of standard values ​​was

last 1.8 percent higher.

The broader S&P 500 gained 0.6 percent to 4313 points.

The index of the technology exchange Nasdaq 100 increased dum 0.6 percent.

According to an agency report, Russia is ready for talks with Ukraine.

Stockbrokers hoped for a bloodless case of Ukraine.

"Investors are now looking at the market as if Russia is going to control Ukraine, trying to gauge what that means for the global economy and what that means for energy prices," said Rick Meckler, partner at Cherry Lane Investments.

Financial stocks and shares of large tech companies migrated back to the depots.

Bank of America gained 1.9 percent, Tesla gained 0.8 percent.

For the second day in a row, investors grabbed arms companies.

Lockheed Martin, Northrop Grumman and L3Harris Technologies shares rose as much as 1.2 percent.

Goldman Sachs experts point out that given the shortage of raw materials, Western sanctions and their impact on the economy and markets will differ compared to the war in Ukraine's Crimea in 2014.

In addition, the trend towards deglobalisation, reflected by geopolitical risks, is likely to add to the other major global concern: inflationary pressures.

Asian markets recovered

Most of the most important stock markets in Asia recovered on Friday from the previous day's price losses in the wake of the war in Europe.

The initial shock to the markets from Russia's invasion of Ukraine appears to have been overcome.

In Tokyo, the leading index

225 closed 1.9 percent higher.

The

of the top 300 mainland China companies rose 1 percent, while the

in Hong Kong SAR fell 0.4 percent.

Oil prices stay above $100

Oil prices continued to rise on Friday.

However, the highs marked the previous day since 2014, well above the $100 mark, have not yet been reached.

The price for a

(159 liters) of North Sea

rose by 2.03 US dollars to 101.11 US dollars.

The price of a barrel of the US

variety increased by $1.78 to $94.60.

With news agencies