The uncertainty over the continuation of US monetary policy has made European investors cautious. Losses in the stock market in China, where growing government regulation worries investors, have also left their mark on prices in that country. the Dax closed Tuesday down 0.6% to 15,519 points. Investors are currently wondering when the US Federal Reserve (Fed) will begin to tighten monetary policy in the United States. The ultra-loose course of the central bank is increasingly questioned critically given the sharp rise in inflation and the economic recovery. The Fed will announce the outcome of its deliberations at the July meeting on Wednesday.
Economically sensitive stocks in the auto industry were among Dax’s biggest losers. Volkswagen presented itself as the lowest index value with less than 2.1%. Continental, Daimler and BMW lost between 1.7 and 1.9%. In the M-Dax the Dürr papers dominated the winners with more than ten percent. The manufacturer of Swabian factories raises its forecasts after a record intake of orders, in particular for woodworking machines. For Morphosys, however, things took a turn for the worse. Shares of the biotech company fell 9.3% after falling 8.7% on Monday. The company had lowered its sales target and also expected higher costs. Forklift manufacturer Jungheinrich took the lead on the S-Dax with a 3.5% premium following a buy recommendation from private bank Berenberg.
Investors on US stock exchanges were also not taking any risk before the Fed’s decisions. the Dow jones ended trading with a minus 0.2 percent. Among individual stocks, shares of UPS fell seven percent, although a boom in all areas of the business led to an increase in US parcel service sales by 14.5 percent to 23.4 billion. of dollars compared to the same period last year. Continued regulatory pressure from the Beijing government has caused US stocks of Chinese companies to fall again. Shares of online retailer Alibaba fell 3%, those of search engine operator Baidu fell 2.8%.