Due to the uncertainty over the evolution of the monetary policy of the major central banks, investors on Wednesday refrained from investing in European stock markets. “We are in a state of floating inflation in which we cannot tell whether the rise in prices is a statistical effect or a longer term phenomenon of the global economic recovery,” said analyst Laith Khalaf of the house. AJ Bell brokerage. the Dax left the market unchanged at 15,789 points and thus remained within range of its record. Surprisingly, prices have recently increased significantly in Britain and the United States. It’s no surprise that either gets nervous, said Seema Shah, chief investment strategist at asset manager Principal Global.
As the day before, the start of the reporting season in the banking sector in the United States has been the subject of discussion. The environment in this country was friendly. In the Dax, Deutsche Bank paper at times rallied 1.8% from yesterday’s weakness, but gave up much of the gains in trade. Bank of America and Citigroup, like their competitors JPMorgan and Goldman Sachs, were only able to convince to a limited extent by their balance sheets. They also earned a lot more than expected in the last quarter. At Bank of America, however, disappointing profit margins in the traditional lending industry put pressure on sentiment. At Citi, the bond business collapsed. Bank of America shares fell 5% in New York City, while Citigroup shares fell 1.3%. Across Europe, travel figures fell again. Tui shares were particularly hard hit with a loss of 7.1%. According to media reports, the tourist group has canceled many trips due to the endemic variant of the Delta. Shares of Lufthansa and airport operator Fraport fell 1.8% and 1.6%. Investors have also acted cautiously on Wall Street. The flagship index Dow jones traded slightly lower at mid-term. Apple shares climbed 2.6% to a record high of $ 149.45. The Bloomberg news agency reported that Apple is working on a new paid offer.