On Tuesday, the stock markets are showing signs of calm. In Germany, stock trading opened with a clear recovery. The broad-based FAZ index gained 0.6 percent to 2,462 points in early trading. The standard value index Dax rose just as sharply to 17,446 points. The futures contracts on the S&P 500 also signal a relaxation after the previous day’s sharp decline of 3 percent to 5,186 points. It is currently trading at 5,280 points.
The Japanese stock market, which suffered the biggest drop in its history in terms of points on Monday, also showed a strong recovery. The Nikkei225 index, which closed Monday with a loss of more than 12 percent, ended trading on Tuesday with a gain of 10.2 percent, rising to 34,675 points. This was the strongest increase in its history in terms of points, but only the tenth strongest increase in percentage terms. The Japanese yen initially stopped its strong appreciation on Tuesday. According to traders, this improved the mood.
In Germany, incoming orders in industry were a positive surprise. For the first time this year, there was an increase on a monthly basis, which was surprisingly strong at 3.9 percent compared to the previous month. According to figures from the Federal Statistical Office, incoming orders in the second quarter were still 1.4 percent lower than in the first.
The Federal Ministry of Economics therefore warned against too much optimism. “However, given the continued subdued mood among companies and the still weak foreign demand, a broader recovery in the industrial economy is not likely for the time being,” it said. The Ifo business climate had deteriorated significantly in July, as had expectations.
The positive development in incoming orders was due in particular to a significant increase in the automotive industry. Domestic orders rose by 9.2 percent in June, while those from abroad only increased by 0.4 percent.
There are both positive and negative aspects to the company figures. Bayer reported a declining operating result, and Carl Zeiss Meditec also recorded a drop in earnings. Network equipment manufacturer Adtran is making losses. Schaeffler is recording higher sales, Zalando is growing more strongly thanks to sportswear. Fraport has earned more and Rational is expecting a higher return on sales. Zalando and Rational gained more than 4 percent at the stock market launch
Bitcoin also continued the recovery that began on Monday and is currently trading at around $56,000.
