Ukraine war in the ticker: US stock markets at odds ahead of US interest rate decision – DAX little budged – VW with strong quarter – Uber, Moderna, Siemens Healthineers, CANCOM, Fresenius, FMC in brief | news

There was restraint in the German stock market on Wednesday.

Of DAX started with a discount of 0.13% at 14,020.90 points and is currently trading in a tight range around the zero line. Of TecDAX fell 0.18% to 3,079.15 points at the start of trading and is currently trading lower.

In the middle of the week, investors are focused on the US Federal Reserve’s interest rate decision, which is due in the evening. A sharp rise in the key rate should make it possible to combat high inflation. Equities are thus becoming less attractive to investors, while higher-yielding bonds are gaining popularity. Corporate financing costs rise as interest rates rise, which could hurt earnings.

In addition, investors draw their attention to the current quarterly reporting season. Mid-week, Fresenius, FMC, Siemens Healthineers and TeamViewer, among others, presented their first quarter figures.

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Investors in Europe will put the brakes on Wednesday and wait and see.

Of EuroSTOXX 50 posted slight losses (-0.07%) to 3,758.44 points at the start of the session and is currently also in the red.

The US Federal Reserve’s interest rate decision is due in the evening and is highly anticipated. The market anticipates a key rate hike of at least 50 basis points. The Q&A session with Fed Chairman Jerome Powell is also eagerly awaited. As inflation has developed very strongly, other interest rate measures are also possible.

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US stock markets are moving in different directions in the middle of the week.

Of Dow Jones opened the session on Wednesday up 0.13% to 33,171.80 points and is currently only slightly higher. Of NASDAQ compound was up slightly by 0.09% to 12,574.73 points at the start, then fell into the red.

Investors’ eyes will be on the US Federal Reserve’s interest rate decision in the evening. The market is anticipating a 50 basis point hike in the key rate. Particular emphasis should therefore be placed on statements by Fed Chairman Jerome Powell during the press conference that followed. Investors are hoping for more specific clues on what to do next from the Fed, such as the pace of rate hikes.

On the corporate side, quarterly reporting season continues with numbers from Moderna and Uber, among others. The evening before, Lyft and Airbnb had already published their quarterly reports after the trading day.

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Asian stock markets remained calm on Wednesday.

In Tokyo, there was also no trading on Wednesday, the market remained there during the holidays. The first Japanese index Nikkei fell 0.11% to 26,818.53 points at Monday’s close.

Of Shanghai composite also remained on vacation, where it had been since Friday, when it closed up 2.41% at 3,047.06. Of hang seng in Hong Kong was lower on Wednesday, closing down 1.10% at 20,869.52 points.

The U.S. interest rate decision, due Wednesday evening, also prompted traders in Asia to tread carefully. The market is expecting a bigger rate hike.

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