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Dax recovers slightly: reporting season and interest rate turnaround in focus
Financial markets are showing signs of stability after weak weeks. Find out more about the development of the DAX and current economic developments. #Financial markets #Dax #Stability #Economic development
Dax recovers slightly: reporting season and interest rate turnaround in focus
After three weak weeks, the financial markets proved somewhat more stable on Monday morning, with the Dax initially rising by a few points, but later stabilizing at 17,769 points with an increase of just 0.2 percent. At the same time, the MDax improved by one percent to 25,260 points. In contrast, the Euro Stoxx 50, the leading index for the Euro region, completely gave up its initial price gains.
April began with the Dax at a record high of 18,567 points, followed by a correction due to increased geopolitical risks and uncertainties regarding the monetary policy course in the USA. An initially expected downward turn in interest rates in June was replaced by the need to combat inflation for a longer period of time and to maintain high interest rates in the USA.
The coming week will be heavily influenced by the earnings season. Among other things, SAP expects cloud growth and adjusted operating income to increase in 2023, while restructuring costs could weigh. Other companies such as Bayer and FMC showed positive developments with profits of 4.5 percent and 5.5 percent, respectively. The price of oil, which fell despite tensions in the Middle East, and the price of gold, which fell slightly, also play a role in the markets.
Stock market experts are nevertheless warning of caution, saying that the relative calm in the Middle East is not enough to offset overly optimistic expectations of key interest rate cuts. The weakness of tech stocks and the changes in the US Federal Reserve's assessment could indicate an easing, but some balancing must take place in the markets to ensure realistic expectations.