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Fall in prices on the stock exchanges: The Fed is likely to raise interest rates sharply again on Wednesday.
The Dax is at its lowest level for more than 5 years
Photo: DANIEL ROLAND / AFP
Price drop in the evening: After the hesitant price recovery at the beginning of the week, investors on the German stock market dived again on Tuesday.
The leading index Dax fell again on Tuesday, at the close of trading on Xetra (5:30 p.m.) the discount was 1.03 percent to 12,671 points.
But that's not all.
Since the US stock exchanges continued to increase their losses in the evening, the Dax also fell further and further: In the evening, the leading German index was only listed at 12,550 points, a loss of 2.5 percent.
(For the current chart view switch from "Xetra" to BNP Paribas).
It is also the lowest price level in more than five years.
With the prospect of another sharp rise in interest rates in the USA on Wednesday, investors hardly took any more risks.
Real estate stocks are collapsing
Rising capital market interest rates are poison for the real estate industry.
They make construction more expensive and, at the same time, refinancing.
The European sector index fell to its lowest level since March 2020 on Tuesday.
Vonovia
shares brought up the rear in the Dax with a discount of 5 percent.
Real estate stocks in the MDax and SDax also came under pressure.
Porsche against the trend
Against the trend, the shares of the car manufacturers were able to increase - at least in Xetra trading.
The surcharges ranged from 0.5 percent for
Mercedes-Benz
to 5 percent for the
Porsche
Holding.
Volkswagen
prices rose by 1.2 percent.
Here, the upcoming IPO of Porsche AG once again sparked the imagination.
The subscription period for the shares begins this Tuesday. According to a media report, the order book is already significantly oversubscribed.
Dow Jones and Nasdaq continue to fall in the evening
On the day before the Federal Reserve is expected to raise interest rates again, nervousness is growing among US investors.
The leading index Dow Jones Industrial was down 1.4 percent two hours before the end.
With the exception of a few points, the stock market barometer has come close to its low since mid-July, which it reached before the weekend.
The market-wide S&P 500 lost 1.4 percent.
The technology index Nasdaq 100 recently fell by 1.4 percent.
Bitcoin below $19,000
Because of the prospect of drastic interest rate hikes by the major central banks, investors are withdrawing from risky asset classes such as cryptocurrencies.
The world's best-known digital currency, Bitcoin, was last listed on the Bitstamp trading platform at 18,920 US dollars.
Oil prices weaker
Oil prices initially barely moved on Tuesday.
In the morning, a barrel (159 liters) of the North Sea Brent cost 92.16 US dollars.
That was 16 cents more than the day before.
The price of a barrel of the US West Texas Intermediate (WTI) variety stagnated at $85.27.
In the evening, however, oil prices came under pressure again.
Oil prices have trended downwards in recent months, albeit from a high level.
A burden comes from the expected weak economic development and from rising interest rates in many places, with which the central banks are defending themselves against the high inflation.
Accordingly, the demand for oil, petrol and diesel is likely to develop rather weakly.
Crude oil supply, on the other hand, remains tight, limiting the drop in oil prices.
The main reason for the tight supply is the Ukraine war, which caused many western countries to turn their backs on Russian oil.
On Monday, the Bank for International Settlements (BIS) said replacing Russian oil supplies would be difficult given Russia's high market share.
With news agencies