Concerns about inflation keep prices in check. In China, producer prices continued to rise in March. It was the sharpest increase in nearly three years and more than analysts’ average expected. If the returns on the capital markets rise with increasing inflation, then credit can become more expensive for companies. This, in turn, affects technology companies more, which are dependent on investments in IT and software.
In the USA, producer prices for the month of March should also be published before the market, but their announcement has been delayed.
The Dow had reached a record high of 33,618 points at the beginning of the week, but has remained just below this mark since then. On a weekly basis, the index shows an increase of 1.2 percent. The rally from late March continues into April.
In the pre-market trading, the shares of Levi Strauss fell on with a price gain of 5.3 percent. The jeans manufacturer had significantly less sales in America in the first quarter, but income in Asia and Europe increased.
Honeywell shares rose 2.3 percent before the IPO, driven by a buy recommendation from Deutsche Bank for the shares of the industrial group. The papers of the tobacco company Philip Morris benefited from a recommendation by the JPMorgan bank and advanced by 1.1 percent.
The US aviation giant Boeing, meanwhile, pointed out to airlines a production problem with certain versions of the 737 Max crisis model. The share lost 1.4 percent before the IPO ./bek/jha/
(AWP)
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