Of the DAX at the opening jumped 1.53 percent up to 10,490.65 points and is currently still in the profit zone.
Of the TecDAX was 0.71 percent higher at 2,765.53 points at the start of trading and is currently expanding its plus.
Discussions about an early loosening of the restrictions imposed in the fight against the corona virus in Germany create a good mood among investors. On the last trading day of the shortened Easter week, however, the respective meetings of the EU finance ministers and OPEC + are the focus of attention. In the evening, the finance ministers of the Eurogroup want to again advise on corona aid for particularly affected countries. “Everyone on the stock exchanges is expecting a quick settlement,” said QC Partners analyst Thomas Altmann. Most recently, however, the negotiations failed and were postponed to today. If no agreement can be reached now, it will be a hard blow for the stock markets, says Altmann.
Irrespective of this, the oil cartel wants to use video switches to exchange information about possible throttling of the production volumes. “If the meeting does not produce any results, oil prices may collapse below the psychologically important $ 20 mark,” warned market analyst Milan Cutkovic from brokerage firm AxiTrader. In his opinion, that would also lead to another wave of sales on the stock market.
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Of the EuroSTOXX 50 opened 0.46 percent stronger at 2,864.45 index points, but falls back to its previous day’s close.
Of particular interest for market participants on Thursday is the continuation of talks between the finance ministers of the Eurogroup on a Corona aid package. After the fruitless negotiations at the beginning of the week, the market now expects a quick agreement, experts said.
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Of the Dow Jones opened with an increase of around one percent and expanded significantly in the course. He closed with a gain of 3.44 percent at 23,433.57 points. Also the Nasdaq composite put in the Wednesday trade: Ultimately, it climbed 2.58 percent to 8,090.90 points.
The announcement that EU finance ministers could not agree on funding for an aid package was not encouraging, but sentiment was somewhat underpinned by the positive development of the coronavirus pandemic in Europe. This gives the US hope that they can also improve – even if the numbers of infected and dead people from the US have so far given little hope.
Meanwhile, the Fed’s minutes from the March 15 extraordinary rate meeting indicated that the Federal Reserve could hold on to zero rate policies longer. The economic outlook is associated with an “extremely large amount” of uncertainty, reported dpa.
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In Japan, the Nikkei reduce its initial losses and ended up trading at 19,345.77 points with a small minus of 0.04 percent.
On the Chinese mainland, the Shanghai Composite posted a profit of 0.37 percent and closed at 2,825.90 points. In Hong Kong, the Hang Seng to the closing bell by 1.38 percent to 24,300.33 positions.
Good specifications from Wall Street and the hope that the US economy could soon start operating again also supported the prices in Asia. However, according to traders, the trading volume was thin before the long Easter weekend.
In China, news supported that the government wanted to make it easier for small and medium-sized banks to raise capital so that they could lend the money to small businesses.
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