It is fascinating to see how these descents look alike at first glance. What investors can learn from the top two setbacksĪ look at long-term developments shows that there have been two major setbacks since the end of the collapse of the crown: on the one hand, the correction in October last year, and on the other hand, the ongoing consolidation this month. According to the latest Bank of America survey of more than 200 asset managers in mid-September, the number of investors expecting a longer rally in stocks in Europe has even risen, although assessments of economic developments have become more pessimistic. It was interesting to note that the lowest euro exchange rate on Wednesday and the DAX daily low were around the same time.īecause the investment rate of international fund managers in European stocks was high. This morning, too, the euro is 0.47 percent in the red. Since the beginning of September, the euro has fallen from $ 1.1877 to the current level of $ 1.1574. Because the course of the euro / dollar currency pair shows that a large amount of capital has recently come out. It is reasonable to assume that foreign investors in particular are saying goodbye to the German market. “ Foreign investors are probably selling out in droves For Thomas Altmann of investment house QC Partners, one thing is certain: “This combination of rising interest rates and high energy costs a toxic cocktail for the stock market. The North Sea Brent oil price hit a new three-year high of $ 83.13 on Wednesday. This fear of interest rates is due to the fear that energy prices will continue to rise. The 10-year bond yield has also reached its highest level since mid-May, at minus 0.158 percent. In this country, 30-year government bond yields have also hit a new three-month high of 0.358 percent. Nor can Germany disassociate itself from the development of the US bond market. Yesterday, Tuesday, this value was still 1.4807 percent. As a result, the yield on 10-year US Treasuries rose to more than 1.57 percent on Wednesday, the highest level in more than three months.
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