NEW YORK (dpa-AFX) – The US stock exchanges increased their losses suffered at the beginning of the week on Tuesday. Just before the start of corporate reporting season, investors shied away from risk. In the coming days, major banks in particular will present fresh quarterly figures.
The leading index Dow Jones Industrial
In general, investors are currently torn between the prospect of rising corporate earnings in the wake of the macroeconomic recovery on the one hand and inflation concerns on the other. The focus at the moment is particularly on oil prices, which are still quoting above 80 US dollars per barrel and thus close to multi-year highs. However, their recent strong increase has recently weakened again somewhat.
On both sides of the Atlantic, there are fears that the oil price rally could lead to energy bottlenecks and stifle the global economic recovery from the corona pandemic. Apart from that, China is also being looked at, because the world’s second largest economy has been taking stricter regulatory measures for some time, controls monopolies more closely and is probably expanding its reviews of the financial and banking system.
At the top of the Dow, the shares of Nike
The car manufacturer General Motors (GM)
On the US bond market, the futures contract for ten-year Treasuries (T-Note-Future) profited from the rather gloomy international stock market sentiment after the holiday on Monday and rose by 0.26 percent to 131.19 points. Ten-year bonds returned 1.57 percent, slightly below their recently marked five-month high of 1.63 percent./la/he
— By Lutz Alexander, dpa-AFX —