The stock exchange day on Thursday, August 11, 2022

That Guessing the pace of further rate hikes will probably continue cheerfully on the penultimate trading day of the week. Even if the US inflation figures were lower than expected on Wednesday, market participants are oscillating between hope and fear.

Marko Behring, head of asset management at Fürst Fugger Privatbank, warns against exaggerated expectations of a reduced pace of interest rate hikes by the US Federal Reserve. “As long as inflation rates are above five percent, we will not see the turnaround in interest rates reversed – and certainly not a quick one.” US consumer prices only rose in July by 8.5 percent compared to the same month last year after growth of 9.1 percent in June.

DAX
DAX 13.693,60

Despite isolated prophecies of doom, stockbrokers reacted obviously in a good mood on the data. Of the Dax ended trading up a solid 1.2 percent

And what are the highlights on the program today?

Siemens is expected to revise its earnings forecast when it releases its numbers. The depreciation of 2.8 billion euros on the 35 percent stake in Siemens Energy makes the expectation of earnings per share of 8.70 to 9.10 euros per share for the current fiscal year (as of the end of September) recede into the distance. Analysts expect an average of just under six euros per share.

The largest German electricity company RWE and Deutsche Telekom also open their books. There RWE has already announced preliminary half-year figures and also increased the forecast, are moving forward today Statements on the gas crisis to the center.

Die Deutsche Telekom provides an insight into the balance sheet for the second quarter. Analysts expect the largest European telecom group on average with a significant increase in sales and adjusted operating profit.

Otherwise it could be even more exciting News from Wolfsburg give. According to insiders, the new Volkswagen boss Oliver Blume is planning one downsizing of the board of directors.

From the economic side, according to the consumer data, the Producer prices in the US released. Experts expect an increase of 10.4 percent after 11.3 percent in June. In any case, it promises to be another exciting stock exchange day!

Here’s an exclusive report from our stock market reporters in New York on what happened on Wall Street last night:

And who likes, finds here nor the stock market day on Wednesday to read. Have fun!

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