Recession fears are raging on the stock market: more and more investors fear that the economy in the USA and Europe will spin in the face of rising interest rates and the Ukraine war. The Chinese economy is also a risk factor for the stock market, warn the analysts at the investment bank Nomura. An end to the zero-Covid strategy of the government in Beijing is not in sight and new cities are being sent into lockdown. The Dax could face a restless week. In the old week, the Dax lost a significant 360 points or 2.5 percent on Friday alone. Closing price: 14,142 points, after the leading index had already climbed to almost the 14,600 mark during the week, but had also fallen below the 14,000 point threshold. The courses on Wall Street had also given way at the end of the week. The Dax is currently valued below the 14,000 mark again.
The United States is threatened with a recession at the end of 2023 due to the expected interest rate hikes, predicts David Folkerts-Landau, chief economist at Deutsche Bank. The US key rate could rise to 4.5 to 5 percent by then. For 2021 alone, the prices on the futures markets signaled an increase of more than 2.6 percentage points.
“Maybe it’s too early to call for a recession in 2023,” said Mark Dowding, chief investor at asset manager BlueBay. “However, it seems appropriate to further downgrade growth expectations for the coming year.”
The start of the series of economic data is today Ifo-Index, which reflects the mood in the German executive floors. Analysts are predicting a slight decline to 88.1 points for April.
From the company side, the new trading week begins with the results of numerous large corporations: For example, publish Philips, Roche, Coca Cola and Vivendi their business reports. From the Dax opens the German Stock Exchange their books.