Voting Data: DAX Closes With Losses — New Sanctions Against Russia Coming — Shop Apotheke Likely To Reach Breakeven Point — Focus on Twitter, Lufthansa, Apple |  news

Voting Data: DAX Closes With Losses — New Sanctions Against Russia Coming — Shop Apotheke Likely To Reach Breakeven Point — Focus on Twitter, Lufthansa, Apple | news

The German stock market fell in trading on Wednesday.

Of the DAX After a weak start, it then sank even deeper into the red, closing at a 1.21 percent discount at 12,517.18 points. Also the TecDAX increased its initial negative and closed the trading day 1.2 percent at 2,797 points.

After the two previous strong days, the leading German index allowed itself a breather mid-week. Traders said there was profit taking. The sharp fall in the S&P Global Purchasing Managers’ Index for the German services sector and poor corporate sentiment in the euro area also added to the burden.

Investors’ risk appetite has been bolstered in recent days by hopes for a less aggressive monetary policy fed by the US Federal Reserve. Whether this actually happens depends to a large extent on the development of the American labor market. That’s why investors are now focusing on the official jobs report coming out Friday. Data released Wednesday by the ADP employment agency shows that the US private sector created slightly more jobs than expected in September. According to the dpa, investors could see this as a signal for a continuation of the Fed’s hard stance on monetary policy.

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European stocks fell sharply on Wednesday.

Of the EURO STOXX 50 had already lost at the start of the trade and fell even lower as the price progressed. He ended the day 1.1 percent lower at 3,445 points.

After the brilliant rally of the past two trading days, investors took profits on Wednesday. In the course of trade, new economic data also provided momentum – and mostly negative. For example, the index for the German services sector fell more than expected, the economic performance of the euro zone contracted for the third month in a row and sentiment among euro area companies is also poor.

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Wall Street will turn red on Wednesday.

That’s how he opened Dow Jones 0.78 percent weaker at 30,078.36 points and is clearly in the loss zone. Even the technology-heavy NASDAQ Composite gives up temporarily after he already lost 1.38 percent at the start to 11,022.67 points.

As a result, the US stock market is experiencing a setback after the recent rally. The reason for the recovery in recent days has been speculation that the US Fed and other central banks would be less harsh on monetary policy. According to the Dow Jones Newswires, a countermovement is to be expected after such a quarterly start.

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In the middle of the week, Asian stocks rose.

The leading Japanese index Nikkei rose 0.48 percent to 27,120.53 points at the close of trading.

In mainland China, trading will be halted through Friday due to “Golden Week”. Of the Shanghai composite therefore remained at 3,024.39 figures. In Hong Kong, the closed hang seng on Wednesday with a full plus of 5.90 percent at 18,087.97 points. According to experts, there was a need to catch up, as there was no trade the day before due to the holiday.

Good guidelines from the US also drove prices in Asia on Wednesday. Recent weak economic data has fueled hopes that central banks in the US and elsewhere would slow the pace of rate hikes after all.

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