The slight price recovery on the Frankfurt Stock Exchange proved to be a flash in the pan on Tuesday. Investors used this again to exit. The most important indices went down sharply. As at the beginning of the week, early gains did not last long.
Many stockbrokers fear that the key interest rate hikes by large central banks in the fight against sharp price increases could trigger a recession. In addition, especially in Germany, there is a risk of a complete lack of natural gas supplies from Russia. Things will get exciting on July 21, the day when maintenance work on the Nord Stream 1 pipeline is scheduled to end.
What can retailers expect today? An hour before the start of trading it gives out Deutschland data to May order intake. In the morning, numbers for May Retail Sales in the European Union released.
From the USA there will be at 4 p.m. CEST ISM index for service providers in June. It will be exciting in the evening, because at 8 p.m. CEST there will be an insight into the Minutes of the June meeting of the Federal Open Market Committee granted.
The reporting season is casting its shadow for companies. the Cropenergies AG provides figures for the first quarter. In this regard, things will really get going in the coming days.