Stock market in the afternoon: DAX above previous week's high, Wall Street cautious - US interest rate policy causes tension/crash in oil prices

Stock market in the afternoon: DAX above previous week's high, Wall Street cautious - US interest rate policy causes tension/crash in oil prices

According to a report from www.tagesschau.de, the German stock market picked up speed in the afternoon and the DAX exceeded its previous week's high. Wall Street, on the other hand, is still trending cautiously. The German leading index is currently gaining 0.8 percent to 15,274 points, which means it has also overcome the high of the previous week. The technical situation of the German leading index has also improved significantly.

The pleasing quarterly figures have led to this dynamic development. However, sentiment is muted as investors await further guidance from Fed Chairman Jerome Powell. The renewed rise in interest rate expectations is also reflected in the raw materials and foreign exchange markets, which has caused the euro to fall.

The reporting season on the German stock market is in full swing and there are some price winners in the DAX. For example, the Post share has increased in value despite lowering the forecast. The Conti share and the Commerzbank share are also recording positive developments.

With a view to the financial sector, Commerzbank shares increased their profits and achieved a consolidated profit of 684 million euros - more than a year ago. The German defense company Rheinmetall has also received a large order and the energy supplier E.ON expects a negative impact on earnings due to lower wholesale prices. These developments have implications for the market and the financial industry as a whole that must be carefully analyzed and taken into account.