Home Business & Finance US stock markets ultimately at odds — DAX starts the weekend weaker...

US stock markets ultimately at odds — DAX starts the weekend weaker — WACKER CHEMIE exceeds expectations for 2021 — SAP picks up speed in cloud business — JPMorgan, Citigroup, Wells Fargo, DWS in focus | news

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The leading German index was burdened by interest rate concerns on Friday. the DAX already gave way at the opening of trading and continued to move in red territory in the further course. He fell back below the last contested 16,000 mark, for which he has been struggling again since the start of the year. Ultimately, it was down 0.93 percent at 15,883.24 points. the TecDAX also started the last trading day of the week at a discount and then fell deeper into the red. At the end of trading, it was 1.68 percent lower at 3,532.97 points. High inflation remains the central theme on the stock exchanges. Investors are concerned that interest rates may rise in the near future. As early as Thursday, several Fed members spoke out in favor of raising the key interest rate in the near future, which makes an even faster tightening of monetary policy increasingly likely. “We now expect that the Fed will raise interest rates in March. This will then be the first of four forecast interest rate hikes this year,” wrote Credit Suisse in the morning. banking sector was heralded.Click here for the complete index overview Investors in the European equity markets stayed hidden on Friday EuroSTOXX 50 recorded a loss of 0.20 percent to 4,307.48 points at the start. It remained weak as trading progressed and ended the weekend down 1.01 percent at 4,272.19 units. The markets continued to struggle with extremely high inflation and the associated interest rate fears. In the United States in particular, central bankers have recently become increasingly aggressive about the countermeasures. Attention focused on Friday’s speech by ECB President Christine Lagarde. In addition, there will be further speeches by Fed members Patrick T. Harker and John Williams in the evening.Click here for the complete index overviewThe US stock markets were mixed at the end of the week Dow Jones traded weaker on Friday and continued to fall thereafter. When the closing bell sounded, it was down 0.56 percent at 35,911.22 points. The tech value index NASDAQ Composite meanwhile moved in the profit zone after giving way at the start. Ultimately, it increased by 0.59 percent to 14,893.75 points. Investors continued to focus on the extremely high inflation and the feared consequences for the monetary policy of the US Federal Reserve. In the meantime, more and more central bankers are in favor of stricter measures by the Fed to combat inflation. Charles Evans said the Fed’s bloated balance sheet could be scaled back faster than expected. A first rate hike is expected on the market in March. In addition, the quarterly report season that is now beginning has attracted the attention of investors. This started on Friday with the major US banks: JPMorgan, Citigroup and Wells Fargo presented their figures for the past quarter.Click here for the complete index overviewThe Asian stock exchanges went down on Friday. In Japan it fell Nikkei ultimately by 1.28 percent to 28,124.28 points. In mainland China, the lost Shanghai Composite before the weekend 0.96 percent to 3521.26 points, during the hang seng Hong Kong was last 0.19 percent down at 24,383.32 units. On Friday, the fear of rising interest rates was again the dominant theme on the stock markets in the Far East. In doing so, they followed the weak guidelines of Wall Street – here, sharp rises in producer prices had brought the prospect of interest rate hikes back into focus. In addition, the first warning voices came from circles in the US Federal Reserve, according to which the first interest rate hike was already to be expected in March. The South Korean central bank also raised interest rates again on Friday.Click here for the complete index overview


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