Wall Street showed a clear recovery on Wednesday

Wall Street showed a clear recovery on Wednesday. Concerns about systemic risks as a result of the distress of the Chinese real estate giant China Evergrande had subsided somewhat, which caused the share price to rise even at the beginning of the session. They increased their profits at times when the US Federal Reserve signaled after its interest rate meeting that it would gradually reduce its bond purchases from November onwards ("tapering") and raise interest rates in the coming year. But this was widely expected, said market participants. The Dow Jones index gained 1.0 percent. The S&P 500 and the Nasdaq Composite also both improved 1.0 percent. 2662 (Tuesday: 1782) course winners were counted, compared to only 672 (1473) losers. 105 (146) titles went unchanged from the market. The market was led by the energy sector, which rose by 3.1 percent in the wake of rising oil prices. Bank stocks, which had suffered in the past few days from fear of default by the heavily indebted Evergrande, recovered by an average of 2.1 percent. A subsidiary of the Chinese real estate company announced that it would make a coupon payment on time this week. This gives the company some breathing space when it comes to reorganizing its capital structure. On the financial markets, however, it is expected that Beijing will ultimately intervene in order to prevent or greatly reduce secondary effects that could burden the country's growth and thus the global economy. "We don't yet know what this attempt to limit contagion will look like, but the market expects Beijing to act," said Susannah Streeter, investment and market analyst at UK wealth manager Hargreaves Lansdown.