Frankfurt stocks: Dax fluctuates around 15,500 points
FRANKFURT (dpa-AFX) – Before groundbreaking monetary policy signals from the US central bank, trading on the German stock market practically came to a standstill on Wednesday. The Dax for hours in triple steps around the round mark of 15,500 points and claimed a small plus of 0.3 percent. The US monetary authorities will announce their next steps in the evening, before the European Central Bank, the Bank of England and the Bank of Japan, among others, will follow in the coming days.
Also in the MDax the medium-sized stock market values did less and less in the course of the day – it claimed an increase of 0.5 percent to 34 359 points. The leading Eurozone index EuroStoxx 50 gained 0.5 percent to 4166 points.
With a view to the Fed, it will be exciting: “The point is whether the US Federal Reserve will be able to put itself in a position with a quick tapering (termination of securities purchases), its next instrument in the first half of 2022: rate hikes,” they explain Foreign exchange experts at Commerzbank .
From their point of view, an interest rate hike would be a signal that the Fed is in a hurry to fight inflation and that its interest rate policy is likely to be more restrictive in the medium term than was expected a short while ago. The signal would be all the stronger as Omikron is causing new economic fears.
Despite all the uncertainties, the experts at DZ Bank remain optimistic in their outlook for 2022 and expect the economy and the stock market to “go free”. Your DAX targets for the middle and the end of the year are 17,500 and 18,000 points. After the last good year in 2021, they are again signaling a potential of up to 16 percent.
Conspicuous individual values were rare. Infineon recovered by a good one percent among the best DAX values after the investment bank Kepler Cheuvreux had filled the technology area of its German recommendation list with the papers of the semiconductor company. Sartorius, Puma and Adidas were even stronger after the recent setbacks.
Papers from Daimler Truck, on Friday from the Daimler Group The split-off commercial vehicle business came back a little further. Starting at 28 euros, they had risen to 35,105 euros the day before before profit-taking began.
Aside from the major indices, Elmos Semiconductor continued to shoot up at its highest level since 2000. Analysts reacted happily to the previously reported sale of a semiconductor factory in Dortmund. In view of the scarcity in the industry, it comes at the perfect time, praised Malte Schaumann von Warburg. A total of three recommendations resulted in a price increase of around 10 percent.
The Euro May stabilize at $ 1.1266 after its setback. The European Central Bank (ECB) set the reference rate on Tuesday afternoon at $ 1.1278.
The current yield on the bond market remained at minus 0.44 percent. The Rex bond index lost 0.03 percent to 145.57 points. The Bund future gave up 0.09 percent to 174.21 points.