SWITZERLAND
The domestic stock market starts with profits.
The SMI gained 0.57 percent to 11,317.81 points in the early stages.
Also the small cap indices SPI and SLI followed the trend of the leading index.
On Tuesday, the Swiss stock exchange continued the friendly trend from the previous day and started slightly higher. However, the requirements from abroad are inconsistent. In the USA, prices closed weaker on Monday, but were able to limit the losses over time. Positive guidelines come from the Far East. In China, government support measures helped the stock market rise significantly. This could increase the desire to buy on the stock market in the short term, it is said in the trade. However, it remains to be seen how sustainable this is.
The desire to buy had recently been dampened by the US Federal Reserve Bank and strong economic figures. Fed Chairman Jerome Powell rejected a rate cut in March. If the US economy remains strong, market participants will probably have to say goodbye to a first interest rate cut in May, according to reports in the trade. In addition, the trouble spots Ukraine and the Middle East continue to hang over the markets as a source of uncertainty. In this country, the market is also likely to be heavily influenced by the reaction of market participants to UBS’s results. However, given the amount of information that the big bank has published, interpreting it would be a Herculean task, says a market observer.
UBS shares are in demand: The bank continues to see itself well positioned to achieve long-term growth and higher returns and therefore reiterates in an “Investor Update” its goal of a return on common equity Tier 1 capital (RoCET1) of around 15 percent by the end of 2026 . Bank Vontobel also highlights the significantly increased dividend and the plans for a share buyback as positive.
DEUTSCHLAND
The German stock market starts higher.
The DAX gains 0.36 percent to 16,965.89 points at the start.
On Tuesday, the DAX remains in touch with the record high it reached at the end of last week and continues to aim for the record of just over 17,000 points.
However, the leading index is currently having a bit of a hard time reaching new record levels, as hopes of rapid interest rate cuts were recently dampened by strong economic data from the USA. On Friday, the DAX had only surpassed the previous record from December by one point, and then there were no new buyers.
“The interest rate fantasy on both sides of the Atlantic has been dampened in the last few days, not only because central bankers have remained hesitant overall, but important data publications have not given any new fuel to expectations of interest rate cuts,” said Helaba experts this morning. They are now turning their attention to the current order figures from German industry, which were published this morning
The specifications from overseas also show a mixed picture on Tuesday. In New York, the stock exchanges were slowed down somewhat the day before in their hunt for records. In China, government support measures helped the stock market rise. Here, however, the markets have recently developed a certain life of their own, which does not necessarily rub off on the Western stock exchanges. Infineon is looking at quarterly figures.
WALL STREET
The US stock exchanges were in red territory in the new trading week.
The Dow Jones Index closed 0.71 percent lower at 38,378.86 points. The NASDAQ Composite It also lost 0.20 percent to 15,597.68 points.
After the latest record hunt on the US stock exchanges, the most important indices had already started trading with losses on Monday.
Investors’ hopes of quick interest rate cuts had recently been dampened. On Friday, robust data from the US labor market had already given a significant boost to yields on the bond markets and thus dampened the mood on the stock markets. Recent statements by Federal Reserve Chairman Jerome Powell also speak against any imminent interest rate cuts. In an interview with CBS television, Powell warned of the dangers of cutting interest rates too quickly. The interview was recorded on Thursday.
The companies’ quarterly balance sheets left their mark on the individual values. The fast food company McDonald’s has felt the consequences of the Gaza war in recent months. The construction machinery and commercial vehicle manufacturer Caterpillar, on the other hand, benefited from higher demand from the energy and transportation industries in the fourth quarter. Boeing is also investigating a new problem with its 737 Max aircraft.
ASIA
There were different developments in the Far East on Tuesday.
Losses were reported in Japan, where there was Nikkei 225 0.53 percent and closed at 36,160.66 points.
On the Chinese mainland it was fine Shanghai Composite Meanwhile, the stock market barometer rose significantly to 2,789.49 index points Hang Seng In Hong Kong it also increased by 3.91 percent to 16,116.46 points.
On the Asian and Australian stock exchanges, the Chinese ones are once again out of the ordinary on Tuesday. While the majority of the stock markets tend to be weak due to the continued pricing out of imminent interest rate cuts in the USA, prices in China are rising following the announcement of support measures by government authorities. Among other things, a national fund wants to expand its holdings in listed funds. The state investment vehicle Central Huijin Investment wants to buy ETFs and thus stabilize the Chinese financial market. At the moment, the economic outlook hardly provides any arguments to buy, so government agencies are stepping in, according to retailers.
Private investors were still waiting for signs of an economic recovery. “There are growing signs that China is in the midst of another economic dip. The official manufacturing purchasing managers’ index has contracted in nine of the last 10 months, pointing to a continued downturn in the manufacturing sector,” analysts said Nomura.
Redaktion finanzen.ch / awp / Dow Jones Newswires