The momentum towards the end of the year is still missing
Investors are gradually getting a little nervous, because the time of the year-end rally is slowly but surely dawning on the stock market calendar. For days, one could speak of a sideways shift. It is not enough for the breakout to the upside, but the bears are also too weak to put real pressure on the stock markets on the sell side.
When will it come, the year-end rally?
In the past few days, there have been these brief moments again and again when investors could draw hope that the starting signal had been given in the direction of 20,000 points, but again and again the small dampers came. Most recently, this damper was the increased inflation not only in Europe, but also in the USA. As a result, the Fed president felt compelled to put the euphoria brakes on. The statements are much more conservative than the market had already priced in on monetary policy in the run-up to the interest rate decision. In addition, there are geopolitical decisions by the government around President Joe Biden, which are not only a cause for concern in the arms industry. With the final decision that US long-range weapons may also be used against targets in Russia, the markets could also have a lasting impact, depending on how Russia reacts to this permission.
Inflation data from the EU expected
Today, Tuesday, the European stock markets should open slightly higher. Economic data from Europe is expected to show inflation and thus provide impetus. Furthermore, company reports from Imperial Brands and ThyssenKrupp are expected today. Furthermore, the market will expect reports from central bank members that should provide an insight into the ECB's monetary policy.
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