Dax aktuell: Dax öffnet kaum verändert – Anleger warten vor Lagarde-Rede ab
Die hohen Staatsanleiherenditen und steigende Ölpreise belasten die Märkte. Anleger warten auf eine Rede der EZB-Chefin – und erhoffen sich Anzeichen für die zukünftige Zinspolitik.
Düsseldorf: The DAX opened barely changed on Wednesday at 26,146 points, maintaining its recent downward trend. On Tuesday, it had slipped 0.8% to 26,128 points, marking the first decline in four weeks during the summer rally. A recent survey by Handelsblatt revealed that investors were overwhelmingly optimistic about the DAX's current trajectory, with 75% expecting a bullish movement or top formation.
The main drivers of the market, however, are rising global bond yields. The German 30-year government bond hit a record high of 3.78% on Tuesday and held steady at 3.77% on Wednesday. Similarly, yields in the U.S., UK, and Japan climbed to new decade highs, driven by rising inflation expectations and concerns over mounting sovereign debt.
Analyst Thomas Altmann of QC Partners warns that the increased yields for bonds are making them a more attractive option for investors, making equities less appealing as their yield advantage over safe government bonds narrows.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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