Home » Business » Ukraine war in the ticker: US stock exchanges close unevenly — DAX says goodbye to the weekend with gains — Beiersdorf increases sales — WACKER CHEMIE, Scout24, K+S, EVOTEC in focus | news

Ukraine war in the ticker: US stock exchanges close unevenly — DAX says goodbye to the weekend with gains — Beiersdorf increases sales — WACKER CHEMIE, Scout24, K+S, EVOTEC in focus | news


Shell shares, BP shares & Co: Oil companies have to reposition themselves without Russia. Rio Tinto takes over RUSAL stake in alumina refineries because of Russian sanctions. OMV burdened by write-downs in Russia at the start of the year. EU countries freeze assets worth billions – after the coal embargo, the Kremlin now wants to deliver to other markets. Stellantis sells remaining stake in Gefco.

The leading German index was significantly higher on Friday.

Of the DAX went into the session stronger and was clearly in the profit zone afterwards. By the end of trading, it was up 1.46 percent to 14,283.67 points. Of the TecDAX also went into trading at a premium. In the course of the game, however, he slipped into the red. Ultimately, it was 0.16 percent lower at 3,273.39 points.

According to Stephen Innes from SPI Asset Management, support was provided before the weekend by falling oil prices, as he told dpa. The International Energy Agency (IEA) announced on Thursday that it would release an additional 120 million barrels of crude oil reserves to cushion the consequences of the Ukraine war. According to Innes, investors also went into the first-quarter reporting season quite confidently, which starts next week with the US banks.

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European stock markets gained ahead of the weekend.

Of the EuroSTOXX 50 opened Friday trading with a moderate plus and was able to significantly expand its gains over the course of the day. It was ultimately able to increase by 1.48 percent to 3,858.37 points.

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In particular, the oil prices, which had fallen the day before, provided a tailwind on Friday. There was talk on the market of a counter-movement to the most recent levies. Nevertheless, the Ukraine war, the Russia sanctions, high inflation, the US Federal Reserve’s monetary policy and the lockdowns in China remain the dominant topics on the stock exchanges.

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US stock markets closed mixed on Friday.

Of the Dow Jones was mostly in the green and was up 0.4 percent to 34,721.12 points at the close of trading. The tech value index NASDAQ Composite on the other hand, had to accept a significant minus and lost 1.34 percent to 13,711.00 points.

After the course of the week with initial gains and later significant setbacks, especially for interest-sensitive shares in technology and growth companies, Wall Street said goodbye to the weekend inconsistently. Interest rates were the dominant topic. In the ten-year period, they rose for the sixth day in a row to 2.71 percent.

The rise in interest rates again weighed heavily on the technology and growth stocks, which are well represented in the Nasdaq indices, because their mostly high valuations rise even more with the higher interest rates, to which investors reacted with sales.

The market is still digesting the hawkish March Fed meeting minutes released during the week, as well as various hawkish comments from US central bankers, market participants commented. In addition to further interest rate hikes, the Fed is likely to start reducing its balance sheet in the near future, ie withdrawing liquidity from the market.

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The stockbrokers also kept an eye on the war in Ukraine with its negative consequences for the global economy, and also the corona lockdowns in China with negative effects, especially for the supply chains.

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Asia’s major bourses trended higher ahead of the weekend.

The leading Japanese index Nikkei ultimately gained 0.36 percent to 26,985.80 points.

In mainland China, the Shanghai Composite meanwhile with an increase of 0.47 percent at 3,251.85 points. Of the Hang Seng ultimately recorded an increase of 0.29 percent at 21,872.01 jobs.

Investors remained caught between the likely rapid interest rate hike by the US Federal Reserve on the one hand and the negative consequences for the economy from the ongoing corona measures in China on the other, as Phillip Securities Research commented to Dow Jones. The Ukraine war also continued to overshadow stock market activity.

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