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Asian stock exchanges in green

On Wednesday, Asia’s stock exchanges are on the up. The domestic and German stock markets were stronger on Tuesday. The US stock exchanges presented themselves with profits.

AUSTRIA

The mood in Vienna was good on Tuesday.

the ATX was able to expand its early profit and closed in the evening 1.11 percent higher at 3,967.78 points.

The European environment was also firmer and thus somewhat recovered from the weak start to the week. After the recent fears about the consequences of the Omikron variant of the coronavirus had subsided somewhat, monetary policy remained the dominant topic on the stock exchanges. Here the ECB chief economist Philip Lane had eased the circulating interest rate fears somewhat: “We are not seeing any behavior that suggests that inflation will remain above our target in the medium term,” Lane told the Italian daily “Il Sole 24 Ore”. Most recently, the high inflation rates had fueled fears of counteracting interest rate hikes on the part of the major central banks.

In view of the ever increasing prices in the US, US Federal Reserve Chairman Jerome Powell has declared war on inflation. “We know that high inflation is taking its toll,” said the Fed President.

On the data side, it remained rather calm on Tuesday and the reporting situation to domestic companies also remained very thin.

GERMANY

The German stock market rose sharply on Tuesday.

the DAX remained clearly in the plus during the entire trade and ended up being 1.10 percent firmer at 15,941.81 points.

The leading German index thus recovered somewhat from its most recent setback. Market watcher Pierre Veyret from broker ActivTrades saw bargain hunters at work who sensed an interesting entry point in the fallen prices. Interest rate worries had recently left their mark on both sides of the Atlantic. In addition to the corona pandemic, they are currently the central topic on the stock exchanges.

On the US stock exchanges, it went up in Tuesday trading.

the Dow Jones started weaker at first, but moved into the profit zone in the course of trading and closed 0.51 percent higher at 36,251.96 points. The tech value index NASDAQ Composite was also able to make profits, here the plus at the end of trading was 1.41 percent – the stock market barometer closed at 15,153.45 index points.

The impending turnaround in interest rates in the USA continued to be the dominant theme. Analysts are increasingly assuming that the Fed will Base rate in the current year will not increase three but four times as previously expected, probably for the first time in March. Interest rate expectations are now being priced into the markets, which has led to a significant rise in market interest rates.

ASIA

The Asian stock markets rise in the middle of the week.

The Japanese leading index Nikkei traded 1.90 percent stronger at 28,758.15 points.

the Shanghai Composite climbed 0.56 percent to 3,587.50 points. In Hong Kong it rises Hang Seng meanwhile by 2.52 percent to 24,338.18 index points. (7.03 a.m. CET)

Positive targets from the USA are also spurring Asian markets. According to US Federal Reserve Chairman Jerome Powell, investors focused on the economic strength of the United States and a little less on the risks for stocks from rising interest rates.

Finanzen.at / APA / Dow Jones Newswires / dpa-AFX

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Reference-www.finanzen.at

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