Stock market on October 7th: Seven points that are important for investors today

Dax and the current stock exchange: Seven points that are important for investors today

On Wednesday, investors are hoping for new impetus from US interest rates. At the same time, developments on the bond markets continue to determine trading.

Price table of the Frankfurt Stock Exchange. Photo: Handelsblatt

Dusseldorf. Relaxation in the oil and bond markets supported global stock markets on Tuesday. The DAX also benefited from predominantly positive impulses from the USA. Yesterday, Tuesday, the leading German index closed 0.8 percent higher at 25,449 points.

However, the Dax could possibly take a different direction again this Wednesday. Before the start of trading, the Dax was trading in the red on over-the-counter platforms.

As the day progresses, investors look for clues about further interest rates in the USA. The US Federal Reserve (Fed) published the minutes of its September meeting in which it raised the key interest rate.

In Europe, directors of the European Central Bank (ECB) are speaking out against the backdrop of turmoil in the bond markets. Further impetus for the Dax could be new production data from German industry.

1 – Stock exchanges in New York: Dow Jones, S&P 500 and Nasdaq

Meanwhile, the US stock market was dominated by technology stocks. Chip company Nvidia helped Wall Street set records. The major US indices closed in positive territory:

The Dow Jones standard stocks gained 0.5 percent to 51,521 points.

The broader S&P 500 reached its record high of 7,843.78 points during the day. It closed up 0.6 percent at 7,819 points.

The Nasdaq technology exchange advanced 0.4 percent to 27,600 points.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, was up 0.5 percent at 31,225 points.

2 – Stock exchanges in Asia

Rising oil prices and geopolitical tensions are weighing on the stock markets in Asia on Wednesday. A storm heading to the Gulf of Mexico and rising tensions between Saudi Arabia and Iran-backed Houthi rebels in Yemen are driving up oil prices. A barrel (159 liters) of North Sea Brent for delivery in December rose by 0.8 percent to $101.40. US oil WTI for delivery in November is trading 0.8 percent higher at $90.15.

The Nikkei index fell 0.9 percent to 70,074 points.

The broader MSCI index of Asian stocks outside Japan lost 0.3 percent.

The Shanghai Stock Exchange will be closed for public holidays.

3 – US Federal Reserve

Investors will get clues about interest rates: the minutes of the September meeting when the US Federal Reserve raised interest rates, a speech by central banker Lorie Logan and data on short-term inflation expectations and consumer credit are expected on Wednesday.

4 – US Treasuries

In the difficult market environment, the US government is increasing a ten-year government bond with a volume of $39 billion. The outcome of the auction shows whether investors will continue to buy despite the high returns.

5 – ECB speeches

Against the backdrop of the turbulence on the bond markets, ECB Vice President Boris Vujcic, who is responsible for banking supervision, spoke about the situation in the industry on two occasions in Brussels. ECB Director Piero Cipollone takes part in a panel discussion hosted by the Philippine central bank.

6 – German industry

The Federal Statistical Office publishes production data for German industry in August. While the order situation has deteriorated according to current data, Commerzbank expects that companies produced slightly more in late summer than in July.

7- Company

The US technology company Applied Digital, which is listed in the Nasdaq industry index, publishes figures for the first quarter of the new financial year after the market closes. The capital market day is coming up for the car manufacturer Porsche and SFC Energy from the SDax small cap index.

Appointments company

9:00 a.m., Germany: Volkswagen subsidiary Porsche AG, Capital Markets Day

Germany: SFC Energy, Capital Markets Day

Netherlands: Adyen, extraordinary general meeting

Dates economic situation

8:00 a.m., Singapore: IMF head Georgieva, welcoming speech at the IMF autumn meeting

8:00 a.m., Germany: Industrial production 8/26

08:45 a.m., France: Trade and current balance 8/26

1:00 p.m., USA: MBA mortgage applications

4:30 p.m., USA: EIA Oil Report (Week)

8:00 p.m., USA: Fed meeting minutes 9/15/16/26

9:00 p.m., USA: Consumer Credit 8/26

Related topics

USADaxEZBFedGermanyNASDAQ

With agency material.

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