Aishe News

The DAX, a titan of European finance, was shattered into pieces on Friday morning. Its fall below the 18,000-point threshold sent shockwaves reverberating through global markets. The aftershocks of Thursday's seismic market drop were amplified, as investors grappled with the stark reality of a deepening crisis. Disastrous earnings from the tech behemoths and the specter of a looming recession cast a long, dark shadow over the market. The German index shed a steep 1.29% to 17,850 points in the immediate aftermath of the Xetra market open, compounding the previous day's 2.3% loss. August was off to a dismal start, and there was no respite in sight. The MDax, tracking mid-cap companies, tumbled 1.72% to 24,571 points, while the EuroStoxx 50, the eurozone's leading index, sank 0.8%. The contagion spread to US and Asian markets, as investors grappled with the fallout. Japan's Nikkei index plummeted nearly six percent, following a 1.2% decline in the Dow Jones Industrial Aver...

Preview of Wednesday (26.07.2023): Yawning boredom or wild surprises? The US Dollar is keeping us all in suspense as we await Interest Rates Wednesday! The Federal Reserve has announced a 25 basis points increase in interest rates on Wednesday. However, instead of the financial world vibrating with excitement, the dollar seems to be still asleep. Perhaps it has decided on a Wednesday snooze, who knows! Nevertheless, some brave investors can't resist and have already placed their bets against the dollar. As if they think the dollar could be an egg hitting the floor during breakfast - inevitable! Yet, the truth is, the dollar is still waiting to see what the future holds. The sluggish US inflation plays the leading role in this financial drama. Money managers are wondering if they need to prepare for a sensation or if the dollar will just keep dozing. Pension funds, insurers, and mutual funds haven't quite made up their minds about getting in on the interest rate game. Some s...