After three deep red trading days, the European stock markets recovered slightly on Tuesday. For example, the Local Guiding Index ATX has increased by 1.2 percent in early retail. The market -rider ATX Prime also rose by 1.27 percent.
The Dax also started with a plus on Tuesday. The German leading index rose by 0.54 percent in early trade to 19,896.72 points. About 24 hours earlier he was apparently found in free fall because of the American customs of the past week. Other important European stock market indices also rose again in early trade on Tuesday, including the leading index for the Eurozone Euro-Stoxx-50 and the CAC-40 in Paris.
The first bargain hunters had already had access to hunters on Monday. Losers are usually banks, while technology values can grow. For example, losses have registered Unicredit and BNP Paribas on Tuesday. However, there were considerable profit for companies such as Siemens Energy (plus 5.4 percent) and Rheinmetall (4.9 percent).
“Nervousness and sales panic”
The trigger for the price deviation of recent days was the American rates announced on Wednesday for import from almost all countries in the world. “The financial markets around the world are in turmoil,” said the analysts of the Landesbank Helaba. “Since Wednesday evening, Fear has dominated the events that the enormous customs package in the US and against reactions such as in China are affected by the global economy.”
“Mid -time trend and short -term trend will remain broken for the time being. The German leading index is still in a market environment, which is characterized by uncertainty, nervousness and sales panic,” said Martin Utschneider of Finanz Ethos.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
