Handelsblatt Live: US-Börsenexperte Koch: Wall Street im Würgegriff von Ölpreisen und Anleiherenditen

On Wall Street, anticipation grows for a weak trading day as investors await the announcement of the volume of U.S. Treasury bill repurchases. The exact figures are expected around 5 PM German time, though many anticipate a higher repurchase volume than previously thought, possibly reaching ten billion dollars instead of the minimum four billion dollars.

Meanwhile, the price of Brent, a North Sea oil type, surpasses the 100-dollar mark per barrel. This surge is attributed to recent military confrontations between the U.S. and Iran, where Iran has reported successful attacks on U.S. warships in the region. However, CENTCOM, the U.S. military command for the Middle East, claims that U.S. forces have destroyed ten Iranian tankers within a week.

The overall market will remain heavily influenced by the inflation report released on Friday. JPMorgan expects August consumer prices to increase by 0.38 percent on average, with food and energy accounting for 0.21 percent of the rise. Economist Michael Feroli suggests that a half-percent interest rate pause from the U.S. Federal Reserve could suffice, while 0.3 percent might warrant an actual rate hike.

The release of the inflation report could significantly shift the interest rate debate. JPMorgan projects a 63 percent chance of a September rate increase. In the tech sector, demand is shifting towards AI infrastructure, away from software and internet values. JPMorgan has raised its price target for Dell Technologies to 650 US dollars, anticipating increased AI investments and higher-margin add-on businesses.

Additionally, Apple is set to unveil its newest iPhone Ultra, with prices rumored between 2,000 and 2,500 dollars, and possible price increases for pro models.