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Price gains: With the
Dax
, the annual high is back in focus
Photo: Niklas Rüge / dpa
The upward trend in the Dax continued on Thursday.
Support comes from slightly better than expected inflation data for Germany.
The leading German index advanced by 1.3 percent at the start of trading and marked the highest start in the new year with 15,607, which has so far been listed at 15,520 points.
The
EuroStoxx 50
, the leading index in the eurozone, is likely to rise similarly.
The data on price increases in this country should actually have been published last week.
However, the date was postponed by the Federal Statistical Office, which, according to market analyst Konstantin Oldenburger from CMC Markets, led to increased nervousness on the markets, as something like this gave reason for speculation.
"In fact, technical problems seem to have been the reason."
However, the data that has now been published should not have come as a complete surprise, because last week the European statistical authority estimated the German consumer prices included in its figures and thus also the overall rate.
According to portfolio manager Thomas Altmann from QC Partners, however, the Dax is currently only "the prime example of a volatile sideways market".
Because: In the past five trading days, things have gone up and down moderately, but on balance there has been no clear direction.
There were not even 300 points between the high and the low.
According to Altmann, there is a great fear of positioning oneself on the wrong side after the brilliant start to the year.
Stock indexes in New York close in the red
The hope that the US stock exchanges would adopt a slightly less restrictive stance on Wednesday largely evaporated again on Wednesday.
Some of the most important share indices ended significantly lower after Fed officials emphasized the need for further interest rate hikes in the fight against high inflation.
Technology stocks, which were still very strong on Tuesday, were particularly under pressure.
The tech-heavy
Nasdaq 100
fell 1.83 percent to 12,495 points.
The market-wide
S&P 500
fell 1.11 percent to 4117 points.
The
Dow Jones
fell 0.61 percent to 33,949.01 points.
The leading US index is currently supported by the 50-day average line for the medium-term trend.
At the same time, there is currently stronger resistance for the stock market barometer in the area around 34,300 points.
Siemens has made a strong start to the new fiscal year
On the company side, more and more quarterly reports are now coming to the fore, and on balance they were positive.
The technology group
Siemens
made a strong start to its new fiscal year 2022/23 and was therefore more optimistic for the year as a whole.
The digitization business was able to more than compensate for
weaknesses in the train division and at the medical technology subsidiary
Siemens Healthineers .
The share gained more than three percent on the Tradegate trading platform before the market opened compared to the Xetra close the previous day.
Deutsche Börse earns more than ever before
Brisk trading on the financial markets, the capers in the gas price, higher interest rates and acquisitions kept Deutsche Börse on a record course.
The marketplace operator earned more than ever last year.
The bottom line is that profits rose by almost a quarter to almost 1.5 billion euros, with business going better in all important areas.
Tradegate therefore went up by one and a half percent.
Figures from Talanx and Metro are well received
Key figures also came from the insurer Talanx
, which is listed in the MDax
.
Its shares rose 1 percent premarket.
In the SDax, the wholesale group
Metro
surprised positively.
It continued to grow at the start of the year, even though a cyber attack and business in Russia weighed on development.
In the first fiscal quarter (ending December), revenues increased and Metro grew across all sales channels.
On the other hand, adjusted operating profit fell, but it was "a positive surprise," as JPMorgan analyst Borja Olcese wrote.
However, since the forecast for the 2022/23 financial year was only confirmed, the expert expects a rather neutral price reaction.
The commercial real estate specialist
Hamborner Reit
and the seed producer
KWS Saat
also presented figures.
At Hamborner, although higher costs last year put pressure on the result, the company's own profit forecast was exceeded.
According to a trader, this should at least help the stock to start trading.
After presenting good half-year figures, KWS Saat is even more confident about the 2022/2023 fiscal year.
Bitcoin is hovering around the $23,000 mark
The digital currency Bitcoin was last listed at 21,113 US dollars, more than 2 percent lower than 24 hours ago.
In November 2022, the currency plummeted to around $16,000 amid the collapse of crypto exchange FTX.
A year earlier, bitcoin hit a record high of $69,000.
Oil prices rise slightly
Oil prices rose on Thursday.
Compared to the previous trading days, however, it only went up slightly in the morning.
A barrel (159 liters) of North Sea Brent for delivery in April recently cost 85.23 US dollars, 14 cents more than the day before.
The price for a barrel of the American
West Texas Intermediate
(WTI) variety for March delivery also rose slightly by ten cents to $78.57.
The sharp rise in oil prices since the beginning of the trading week has therefore not continued for the time being.
The price of crude oil from the North Sea has risen by more than four dollars a barrel since Monday.
One of the main price drivers is the hope of a stronger economic revival in China and thus greater demand for crude oil in the world's second largest economy.
According to market observers, the rise in oil prices was slowed down by the recent development of oil reserves in the USA.
As announced the day before, US oil reserves continued to rise in the past week, by 2.4 million barrels to 455.1 million barrels.
Inventories in the world's largest economy have been rising for seven weeks in a row.
Rising US oil reserves usually weigh on oil prices.
With news agencies
