Enlarge image
Trader on the
German Stock Exchange
: The Dax gives way
Photo: Frank Rumpenhorst / dpa
After the price rally on the previous day, investors are likely to take it slower on Friday on the German stock market.
The broker IG appraised the Dax two hours before Xetra trading at 15,502 points, 0.3 percent below its previous day's level.
However, he remains within reach of his previous record for the year, which was set the day before with almost 15,521 points.
Now that the interest rate decisions have been ticked off and hope is growing that the interest rate hikes are coming to an end, investors are now waiting for the next week's highlight with the US labor market report and perhaps new insights for future interest rate policy.
The experts at ING Bank consider it possible that after a weak survey result from the service provider ADP, some are speculating on a weak result.
Thyssenkrupp
invites companies
to a virtual general meeting.
CEO
Martina Merz
will ask questions about the future of the steel division and the planned IPO of the hydrogen subsidiary Nucera.
From abroad, among others ,
TomTom
,
Sanofi
and the
London Stock Exchange
present figures.
US tech rally by meta numbers
Good numbers and a convincing outlook from Meta accelerated the recovery rally in US tech stocks on Thursday.
While meta stocks surged more than a quarter at their peak, the tech-heavy Nasdaq 100 at times extended gains to more than 4 percent.
It thus continued the significant price gains from the previous day, which were achieved as a result of the US interest rate decision.
In the end, the Nasdaq 100 index reached 12,803 points, an impressive plus of 3.56 percent.
For the first time since August, the technology-heavy barometer made it back above the 12,800 point mark.
Investor interest in standard values suffered from the tech euphoria: the leading index
Dow Jones Industrial
even fell slightly by 0.11 percent to 34,053 points.
The broad
S&P 500
rose 1.47 percent to 4179 points.
It was also enough for him for the highest level since August.
After a sluggish first half of the week, the monetary policy signals from the US Federal Reserve gave the tech stocks, which were particularly battered in 2022 due to the sharp rise in interest rates, a lot of fresh impetus on Wednesday.
The Nasdaq 100 is now up around 17 percent in the still young stock market year, while the Dow has gained only 2.7 percent at the same time.
On the Nasdaq stock exchange, the positively received signals from
Meta
were considered a decisive price driver.
The Facebook parent company performed better than expected in the past quarter, despite another decline in sales.
In addition, Facebook founder and Meta boss
Mark Zuckerberg promised
further cost cuts, for which he received a lot of praise.
The stock has recently gained 23 percent.
Apple, Amazon and Alphabet disappoint
On Friday, however, the disappointing quarterly figures should dampen the mood again.
Apple
,
Amazon
and
Alphabet
were not convincing after the previous day's meta-euphoria.
All three big tech companies faced headwinds for their businesses in the past quarter.
Apple's stock fell more than 3 percent in after-hours trading, while Amazon and Alphabet fell as much as 5 percent.
The Nasdaq is therefore expected to be 1.5 percent weaker.
Big Tech's quarterly balance sheets are slowing down Asian stock exchanges
Despite gains on Wall Street, Asian bourses were muted amid disappointing earnings from the US tech giants on Thursday.
While the winners predominated, some trading venues were down.
More tech-heavy markets like South Korea and Taiwan benefited from the Nasdaq's strength.
The Japanese
Nikkei 225
closed up 0.2 percent at 27,402 points.
The broader
Topix index
rose 0.1 percent to 1,967 points.
The
Shanghai
stock exchange was down 1.4 percent.
The index of the most important companies in
Shanghai and Shenzhen
lost 1.7 percent.
Bitcoin is also giving way
The digital currency Bitcoin rose to as much as $24,133 on Thursday evening, but then fell again by 1.3 percent in the wake of the publication of the quarterly results from Amazon, Apple and Alphabet.
The cyber currency was last listed at 23,529 US dollars.
In November 2022, the currency plummeted from over $21,000 to around $16,000 on the back of the collapse of crypto exchange FTX.
A year earlier, bitcoin hit a record high of $69,000.
Oil prices hardly changed
Oil prices were little changed on Friday.
Most recently, a barrel (159 liters) of North Sea Brent for delivery in April cost 82.10 US dollars.
That was seven cents less than the day before.
The price of a barrel of American grade West Texas Intermediate (WTI) for March delivery also fell slightly to $75.76.
The current situation on the market can be described as relatively stable.
There haven't been any strong impulses lately.
On the demand side, hopes continue to lie in China, which broke its strict pandemic regulations some time ago and is thus promising an economic recovery.
On the supply side, the major oil alliance Opec+ confirmed its course this week and left its production targets unchanged.
With news agencies
