Börse Express – ROUNDUP / Aktien New York Conclusion: Recovery continues

NEW YORK (dpa-AFX) – On Wall Street, investors were again willing to take risks on Thursday. The most important stock indices increased their previous day’s profits significantly. One of the factors contributing to this was that the situation around the Chinese real estate giant Evergrande, which is plagued by financial problems, has recently calmed down somewhat. As the group announced, an agreement has been reached with creditors on an upcoming interest payment. Investors also reacted with relief to the fact that the US Federal Reserve is sticking to its very loose monetary policy for the time being.

The leading index Dow Jones Industrial rose by 1.48 percent to 34,764.82 points and is now heading towards a weekly plus. On Monday, concerns about Evergrande had sent the world’s stock exchanges downhill.

For the broader S&P 500 it went up on Thursday by 1.21 percent to 4448.98 points. The tech-heavy Nasdaq 100 gained 0.92 percent to 15,316.58 points.

As already announced in late trading on Wednesday, the US key interest rate remains unchanged and the purchases of securities to support the economy will continue for the time being. However, at the next meeting in early November, a decision could be made to curb monthly bond purchases from the current $ 120 billion, said Fed Chairman Jerome Powell. At the same time, new forecasts point to an interest rate hike in the coming year. But even this prospect hardly scares investors at the moment, since a tighter monetary policy also means that the US economy is fundamentally robust, experts say.

The US Federal Reserve has taught another lesson “how to gently massage the markets to accept that a tightening is imminent,” wrote analyst Neil Wilson of the trading house Markets.com.

Meanwhile, market participants were still waiting for a specific timetable for the planned reduction in bond purchases, noted analyst Birgit Henseler from DZ Bank. This wish has not yet been fulfilled. “Ultimately, it is only clear what was already known: bond purchases will be reduced at some point, but you do not know when and at what speed.”

With a view to the individual values, the software company brings Salesforce after taking over the office messenger Slack in competition with the German competitor SAP
currently continues on. Salesforce moderately raised its sales forecast for the current fiscal year. Shares soared a good seven percent, placing themselves clearly at the top of the Dow.

The drug agency FDA had corona booster vaccinations with the agent from Biontech /Pfizer approved for the elderly and risk groups. Biontech papers rose 4.1 percent and Pfizer papers rose 0.6 percent.

The PC manufacturer Dell Technologies had announced a share buyback program and the payment of a dividend from the first fiscal quarter of 2023. Here, investors were able to look forward to a price increase of three and a half percent in the end, after the shares had reached a record high in the meantime.

US Treasuries came under significant pressure in the face of the strong stock market. The futures contract for ten-year paper (T-Note-Future) fell by 0.53 percent to 132.28 points. The yield on ten-year paper rose to 1.43 percent. The Euro
benefited from friendly investor sentiment and last cost $ 1.1741. The European Central Bank had previously set the reference rate at 1.1715 (Wednesday: 1.1729) dollars. The dollar cost 0.8536 (0.8526) euros./la/jha/

— By Lutz Alexander, dpa-AFX —

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0323 2021-09-23/22:47

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