2023-10-20 22:08:19
At the end of this week, the German leading index Dax is at a seven-month low. This level of under 15,000 points reflects the mood of investors on the stock market. This is not surprising given the many crises spanning the globe. The future will be traded on the stock exchange. This is not very promising when, in addition to the terrible wars in Ukraine and Israel, there are also many other sources of conflict. The spread of the conflict to the entire Middle East region should be avoided at all costs.
But the mere possibility that Iran could become involved in the conflict has caused the price of oil to rise significantly. That would make German companies’ production costs even more expensive. The fact that the USA is unable to overcome its trench warfare and is unable to elect a chairman for the House of Representatives may be dismissed as an intra-party skirmish, but it alone paralyzes the superpower. A superpower that is needed more than ever in the face of polycrises. The fact that trade talks between America and Europe on steel tariffs failed on Friday completes this week of bad news.
The ECB interest rate meeting will be exciting
Companies from various sectors will present their figures next week. The Deutsche Bank, which has an immense problem with the IT disaster at its subsidiary Postbank, or the Volkswagen Group, which has further savings plans surrounding it. The ECB’s interest rate meeting next Thursday will be exciting and the question will be whether the central bank will now take a break from its interest rate steps. The battle against inflation has not yet been won, but further interest rate increases would further stall the economic engine. So perhaps the pause in interest rate increases is one of the few pieces of news that is at least not that bad.
Published/Updated: Recommendations: 4 Daniel Mohr Published/Updated: , Recommendations: 19 Achim Matzke Published/Updated: , Recommendations: 5
The fact that the highly speculative Bitcoin price has jumped above $30,000 in the past week may please those who started at less. But it is nothing other than proof of the many uncertainties. Solid investors are holding back on the market, speculators sense an opportunity.
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