Current market reports and forecasts: Financial expert analyzes developments in the USA and Germany, highlights the technology sector.

Current market reports and forecasts: Financial expert analyzes developments in the USA and Germany, highlights the technology sector.

According to a report from www.tagesschau.de, the New York staples market is stalled while imagination continues to flourish in the technology sector. There were also significant upward movements on the German stock market. Wall Street failed to maintain yesterday's rally, with the Dow Jones down 0.26 percent. In the technology sector, however, there were new records, particularly due to the figures from the streaming provider Netflix. The German stock market was driven by strong corporate balance sheets, particularly those of Netflix and SAP. The DAX rose by 1.6 percent to 16,889 points, although the path to the previous record level of 17,003 points could be clear.

Robust data from the US economy has dampened recent recession worries, while Germany's economic news has been almost universally bad. The purchasing managers' index for the private sector fell by 0.3 points to 47.1 points in January. The Ifo Institute has cut its growth forecast for the German economy due to the federal government's austerity measures. The ECB's key interest rate decision remains in the focus of the stock markets, with a rate cut becoming increasingly unlikely. The European common currency appeared robust while gold prices fell and oil prices rose.

Stock markets were also influenced by some companies' quarterly reports. Netflix reported strong user growth and a surprisingly strong increase in revenue. The chip company Texas Instruments and the Lufthansa subsidiary Discover Airlines, on the other hand, had to struggle with declines. The energy company E.ON criticized the federal government for its energy policy. Puma shares recorded a big loss due to the devaluation of the Argentine currency.

It remains to be seen how the various factors will impact the market, the consumer and the industry. The uncertainty in the economy could further increase due to the global political situation and company-specific developments. Investors are expected to continue to pay attention to economic news and reports to make informed investment decisions.