Daily forecast for June 16: Stock markets continue recovery – awaiting Fed decision on interest rates | News

Stock markets continued their recent recovery on Wednesday ahead of the eagerly awaited Fed decision on interest rates. Investors speak of a technical response to the previous sharp drops in prices. At 20:00 CEST the Fed will announce its decision on interest rates, and the press conference with Fed chairman Jerome Powell will start at 20:30. The Fed is expected to raise interest rates by 0.75 percentage points due to high inflation.

At a special meeting, the European Central Bank addressed the sharp rise in bond yields in Southern Europe and wants to take action against excessive fragmentation in the euro area. The ECB said it would be “flexible” with reinvestments from the expired PEPP bond purchase program. In addition, the development of a new “anti-fragmentation tool” is to be accelerated.

company in focus

The Court of Justice of the European Union imposed an antitrust penalty on the chip manufacturer, imposed by the European Commission Qualcomm in the amount of about a billion dollars. The European Commission committed several procedural errors and thus breached Qualcomm’s right to adequate defense, the court said. The European Commission was of the opinion that Qualcomm prevented Apple from purchasing LTE baseband chipsets from Qualcomm’s competitors through improper payments.

US President Joe Biden has oil companies asked to take action against the excessively rising prices of petroleum products. “Since the beginning of the year, refining margins on gasoline and diesel have tripled and are now at their highest level in history,” Biden wrote in a letter to the company’s executives. “In wartime, historically high refinery profit margins passed directly to American families are unacceptable.” Corporations must “take immediate action to increase supplies of gasoline, diesel and other refining products.”

Important meetings

  • Switzerland – decision on SNB interest rates
  • UK – Bank of England interest rate decision
  • USA – Philadelphia Fed Index, June
  • United States – Initial Jobless Claims

Chart: DAX®

Marks of resistance: 13570/13683 / 13-871 / 14201/14226 points

Support characters: 13380/13294/13107/12595/12439 points

For the first time in several days, the DAX® regained its efficiency a bit more clearly. The index jumped over 13,380 points and to an intermediate resistance of 13,570 points. But the Bulls didn’t get there any further. Much will be settled today after the closure of XETRA. Then the US Federal Reserve’s interest rate decision is on the agenda. Odds above 13,570 points can extend DAX®’s recovery. On the other hand, below 13,294 points, a potential gap of almost 13,107 points would re-emerge.

DAX®in points; 4-hour chart (1 candle = 4 hours)

Period of observation: April 27, 2022 – June 15, 2022. Historical observations are not reliable indicators of future events. Source: Guidants

DAX®in points; Monthly chart (1 candle = 1 month)

Period of observation: January 6, 2017 – June 15, 2020. Historical observations are not reliable indicators of future events Source: Guidants

Discounted purchase guarantees for DAX®

Essential WKN Selling price in euros basic price in point Cap level (upper course limit) in point finalValuation day
DAX® HB6W46 1.53 * 14 100 14,600 August 16, 2022
DAX® HB6W4A 0.92 * 14,500 15,000 August 16, 2022
* maximum repayment amount of EUR 5; Source: HypoVereinsbank onemarkets; Status: 15.06.2022; 5:10 pm

Sales guarantees with a discount on DAX®

Essential WKN Selling price in euros basic price in point Cap level (lower course limit) in points finalValuation day
DAX® HB6W5C 4.13 * 14 900 14,400 August 16, 2022
DAX® HB6W5G 4.62 * 15300 14 800 August 16, 2022
* Max. The repayment amount is 5 euros; Source: HypoVereinsbank onemarkets; As of: 06/15/2022 17:12

You can find information on how rebate orders work and many other productshere at onemarkets knowledge.

Cashback Trading – when the issuer pays the fees for my order!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to € 50 per transaction (for transactions from € 1,000) up to a maximum of € 1,000 per month. More information at: www.onemarkets.de/cashback

Please note important information and disclaimer.

This information does not constitute investment advice, but an advertisement. The public offering is made solely on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus should not be interpreted as a recommendation to buy these securities from UniCredit Bank AG. The prospectus containing all supplements and final terms are authoritative only. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities involved in making an investment decision. You are about to buy a product that is not simple and may be difficult to understand.

Features of HVB products

Article Outlook on June 16: Stock markets continue their recovery – it first appeared on the onemarkets blog (HypoVereinsbank – UniCredit Bank AG) in anticipation of the Fed’s interest rate decision.

Author: Bastian Galuschka

Leave a Comment