Fears of inflation and interest rates: DAX investors shy away from the risk



Market report

Status: 10.12.2021 7:52 a.m.

After two losing days in a row, the DAX is likely to go downhill again today. Investors are taking cover and reducing risk ahead of US inflation data this afternoon.

The breather on the German stock market threatens to be extended. The DAX should start the last trading day of the week at a discount. Banks and brokers are currently assessing the 40 German standard values ​​0.5 percent lower at 15,560 points.

The day before, the DAX had already lost 0.3 percent to 15,639 points and thus moved further away from its midweek high of 15,834 points.

US inflation data in focus

The upcoming US inflation data for November this afternoon before the US stock market opens are causing reluctance among investors. A high consumer price index could fuel speculation about a rate hike in the second quarter.

Investors are now betting that the US Federal Reserve could reduce its bond purchases from January by 30 billion dollars a month. This would double the pace, and tapering could be over by March. Then the way would be free for interest rate hikes. Three interest rate hikes in 2022, starting in the second quarter, are currently being priced in on the market.

Nikkei slips off before the weekend

Against this background, investors on the Asian stock exchanges are holding back this morning. “There’s also a slight feeling of ‘we don’t want too much risk on the table for the weekend,'” said Rob Carnell, head of Research Asia Pacific at ING.

The Nikkei index, which comprises 225 values, was 1.0 percent lower at 28,438 points at the close of trading in Tokyo. The Shanghai stock exchange is currently trading 0.3 percent in the red.

Profit-taking pushes Nasdaq and S&P 500

The US stock exchanges also have negative guidelines for European equity trading. On Wall Street, investors took a breather after three consecutive days of price gains. Market observers spoke of profit-taking.

The standard value index Dow Jones closed yesterday hardly changed at 35,754 points. The technology-heavy Nasdaq fell 1.7 percent to 15,517 points. The broad S&P 500 lost 0.7 percent to 4667 points.

BioNTech boss advocates earlier boosting

The unclear Omikron data situation continues to cause uncertainty among investors at the end of the week. In South Africa, Germans were infected with the new coronavirus variant even though they had received the booster vaccination.

Meanwhile, BioNTech founder Ugur Sahin has spoken out in favor of an earlier third vaccination in view of the spread of the omicron variant of the coronavirus. “With regard to Omikron, two doses are not yet a completed vaccination with sufficient protection. If Omikron, as it looks like, continues to spread, it would make scientific sense to offer a booster after three months,” said Sahin to “Spiegel”.

Omicron worries are depressing oil prices

In the crude oil market, new pandemic restrictions in the UK and other countries yesterday fueled fears of lower demand. The US oil type WTI fell 2.5 percent to $ 73.90 per barrel (159 liters). In the morning, oil prices remain under pressure.

The troy ounce of gold costs $ 1,773. That is 0.2 percent less than the day before. The euro is trending sideways at $ 1.1297.

Daimler Truck makes its stock market debut

Today Daimler Trucks will be a member of the DAX and EuroStoxx for one day. The commercial vehicle manufacturer is making its debut on the Frankfurt Stock Exchange today. The company was separated from the Daimler Group at the beginning of the month and is intended to become more profitable as an independent manufacturer. For the first time, Mercedes trucks and cars are driving on separate paths.

Bayer ahead of groundbreaking glyphosate decision

The US Supreme Court is debated today on the acceptance of a complaint from Bayer in a glyphosate case. The decision is of immense importance for the continuation of the glyphosate cause. A supreme court decision in favor of Bayer would amount to an exemption for the DAX group. Whether the judges will accept the case for trial is expected to be announced on Monday.

Post sold millions of mobile stamps

One year after the product was launched, Deutsche Post has sold around eight million “mobile postage stamps” that are handwritten onto the envelope as a code. The share of all postage stamps for items that were thrown in letter boxes or handed in at branches is therefore an estimated one percent.

Can Wirecard investors hope for compensation?

In the Wirecard scandal, frustrated investors can now hope for claims for damages against the auditing company EY after their immense price losses. This had certified the wrong balance sheets of the former DAX group. The Munich Higher Regional Court made serious doubts about the court decisions of the first instance public in a preliminary notice yesterday.

The Munich regional court dismissed lawsuits against EY without taking any further evidence. According to the OLG, the regional court – analogous to the diesel scandal – should have examined much more precisely whether EY was deliberately acting immorally.


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