Stock market without clear direction - US Federal Reserve meeting and quarterly reports in focus

Stock market without clear direction - US Federal Reserve meeting and quarterly reports in focus

The German stock market, represented by the Dax, recorded a small loss of 0.24 percent at the beginning of this week and closed at 18,118.32 points. In contrast, the MDax, which includes medium-sized stock exchange companies, recorded an increase of 0.65 percent and ended at 26,344.50 points. German inflation data, which stagnated at 2.2 percent in April, had an impact on the prices. Corporate reporting season is in full swing, with quarterly reports from tech giants like Amazon and Apple expected later this week, which have the potential to influence the overall market.

There are also important events coming up in the following days, including the US Federal Reserve meeting on Wednesday, which, together with the figures from Amazon and Apple, could influence the direction of the stock market in the upcoming trading month of May. Despite the expectation that there will be no cut in key interest rates on Wednesday, the US Federal Reserve meeting remains highly anticipated. A moderate decline was mainly recorded on European trading venues, with the EuroStoxx 50 falling by around half a percent.

The shares of Deutsche Bank, which is preparing for a large additional payment, as well as the shareholders of Siltronic, whose shares fell by 2 percent, recorded big losses on Monday. Porsche AG recorded a surprising decline in sales and profits in the first quarter, which led to a share price loss of 2.8 percent. On the other hand, Douglas shareholders were able to enjoy a share price increase of 4.1 percent. The euro was last traded at $1.0718, while the current yield on the bond market fell from 2.64 to 2.57 percent. The Rex bond index and the Bund future showed moderate increases.