It Dow Jones Industrial It rose 0.41 percent to 39,331 points on Tuesday. Technology-heavy Nasdaq 100: rose by 1.01 percent, reaching 20,011 points. This meant he passed the 20,000 point mark.
Tesla shares are on the rise
Tesla reported current sales figures in the afternoon. They were higher than market observers’ forecasts. As a result, it jumped Tesla shares increased by 10.2 percent.
Tesla now has a market value of $724.65 billion (€672 billion), up $67 billion (€62 billion) from the previous day. This corresponds to the value of the group Munich Re: the world’s largest reinsurance company.
Also Apple: increased in price, the shares increased by 1.6 percent and made 220.27 dollars. This puts the price at roughly the same level as the iPhone maker’s all-time high.
At midday, Germany’s leading index was up Dax during the last three trading days. Finally, the DAX was down 0.69 percent at 18,164. It MDax: average shares lost 0.47 percent to 25,125 points. Losses were also recorded across Europe.
“There are too many risks currently lurking in the financial markets, which are currently being countered by too few opportunities,” said stock market expert Andreas Lipkov. Despite the decline recorded in June, persistent inflation in the Eurozone is a cause for concern. It inflation rate decreased to 2.5 percent in June from 2.6 percent in the previous month. However, core inflation has been higher than observers expected.
The cost of craft services continues to rise
The bearish view on current inflation was also reinforced by a report that costs and wages in the manufacturing sector continued to rise.
Crafts president Jörg Dietrich told the German Press Agency that costs and wages are rising, but sales will fall slightly. “I understand that there are people who ask why traders are so expensive. We share this concern as a trade because we depend on customers who can afford our services and products.”
If the services of craftsmen become unavailable, there is a risk that offers will disappear or that people will increasingly turn to undeclared work, said the president of the Central Association of German Crafts. “It is neither in the spirit of craftsmanship nor of society. Where we are already seeing some of these threatening developments is with hairdressers. Challenges remain high for wage-intensive sectors of the economy, particularly due to rising social security contributions.”
