Economy
Monday, July 25, 2016
The Dax goes to his last good run without major changes in the trade – and then gaining momentum. After all, the mood in the German economy has slightly deteriorated, but not as much as feared.
Charts
If yet. After a lethargic start to the week has come in the booth at the Frankfurt stock market life. The reason: The Ifo index fell as much as feared. The Dax wins the afternoon 0.8 percent to 10,229 points. At times, the leading index had even advanced to 10,264 points – and tended for the first time again as high as immediately before the Proposed referendum on United Kingdom membership of the European Union-vote on June 23
“While thus are far from all the dangers and disadvantages of the Proposed referendum on United Kingdom membership of the European Union. marked off the table. But the first reaction is still mostly of a certain serenity “, say the analysts at LBBW. The MDax of the medium sized company pays 0.3 percent to 20,793 points. The technology index TecDAX presents 0.4 percent higher at 1683 meters.
The mood had only “worsened slightly,” let Ifo know. In figures: In July, the business climate index from 108.7 to 108.3 points relented, as the Munich researchers said that their monthly survey of some 7,000 managers. Economists had expected a greater decline. “It could easily have been worse,” said Thomas Gitzel, chief economist at VP Bank
In other words:. The Proposed referendum on United Kingdom membership of the European Union-vote of the British and the failed coup attempt in Turkey to beat the German company bosses so far only little on the stomach. Analysts KBC Bank indicate that this had already been indicated by the surprisingly strong purchasing managers’ indices for Germany last week.
“The current situation is good,” Ifo President Clemens Fuest says at n -tv. The domestic economy was strong. “Uncertainty is primarily about what the future holds. Just expectations for export to go down.”
The market presents meanwhile unimpressed by news such as the massacre in Munich and the stop in Ansbach. While it conquer a queasy feeling, so Frank Meyer, who reports for n-tv of the Frankfurt Stock Exchange. “The emotional side is there,” he says and adds: “The rational side is: Here profit is traded, here sales are traded here monetary policy is traded.”
course winners are especially cyclical stocks. ThyssenKrupp lead in Dax, the list of winners with a gain of 2 percent. VW verteuren by 1.6 percent, BMW by 1.5 percent and Daimler by 1.4 percent. In leading index is Lufthansa next Merck the only loser, the papers give 0.1 percent.
In contrast, become more expensive in Dublin the share of Ryanair by more than 6 percent. Why? The airline can escape and delivered from any profit warning as Easyjet and Lufthansa the industry trend. “Ryanair has delivered sales and earnings,” said one dealer. Moreover, Ryanair confirmed the view
In TecDAX pleased Sartorius shareholders. The pharmaceutical and laboratory suppliers has to the best shops in the first half increased its annual forecast. Sales rose by almost 17 per cent, the profit by almost 27 percent. In terms of stock that ensures an increase of 2.8 percent. They had risen on Friday at an all time high
A note for fans of Technicals :. Technical analysts do not expect any real momentum in Dax during the current week. In the short term the market is located further in a sideways range and remain, also in respect of over one year old downtrend line, they say. These now journeyman summer – because vacation time hot without turnover time, emphasizes Christoph Geyer by Commerzbank. This will be felt on all stock exchanges. However, the various exchanges have a very different appearance. While the Dow Jones index continues to be on the way up, the Dax see more in a sideways
The total declining momentum in Dax upwards raises Dirk Oppermann of the apparent DZ Bank. You lose just below the upper boundary of the trading range at around 10,300 points on driving. From a cyclical perspective, a ridge of high pressure could thus have preset the middle of the month. The analyst also expects the key US counterparts such as Dow Jones and S & P does not support-500. Because after their chart technical breakouts they now showed a need for a “pullback” – ie a consolidation
Just over a week after the failed coup in Turkey, the decline of the Istanbul Stock Exchange , meanwhile, for the time being terminated: The leading index increased 3.2 percent. In the previous week, he had, however, lost more than 13 percent. The Turkish currency is also recovering. A dollar cheapened by 1.1 percent to 3.0303 lira – but that remains within reach of its record highs of 3.0955 lira from the previous week
based According to the HSBC investment strategists Murat Toprak relaxing on. the Istanbul stock exchange on two factors. “First, the situation in Turkey is indeed unstable, but under control There are no big destabilization In addition, the global economic environment is positive…”
US stocks: investors remain in coverage
in the middle of the season and the balance shortly before the interest rate decision the Fed characterizes the beginning of the week reluctance to trade on Wall Street. “The market seems currently tired,” says chief investment strategist Metthew Tuttle Tuttle Tactical Management. “Today it is only to be seen.”
Dow Jones industrial average defaults losing 0.5 percent to 18,477 points. The broader S & amp; P 500 are 0.4 percent at 2165 meters from. The composite index of technology exchange Nasdaq tends almost unchanged at 5098 points.
However, the market is busy a week ago. The reporting season take continuing to build momentum, also stood on important monetary policy decisions – including the US Federal Reserve and the Bank of Japan (BoJ) to. “The markets are facing a potentially decisive week, and traders keep their powder in advance of risky events dry,” says market analyst Richard Perry of Hantec Markets.
In the individual values is Yahoo in thick of it. The Internet pioneer loses after a long crisis his autonomy and sold for almost five billion dollars in cash its core business to the US telecommunications group Verizon . Yahoo give by 2.3 percent, while Verizon down 1.6 percent.
Among the winners with a gain of 18.8 percent includes the shares of Verizon competitors Sprint . Thanks to heavy discounts the telecom companies attracted more contract customers. The turnover of around eight billion dollars in the quarter was slightly higher than market expectations. However, the actions expressed the company deeper into the red
Forex:. Euro sets to
Euro appears solid. He tends to $ 1.0979 around a quarter cents above its daily low. On the night of the Euro had fallen down to $ 1.0952 and its lowest level since about a month. The European Central Bank (ECB) on Friday afternoon fixed the reference rate to $ 1.1014
Raw Materials:. More wells in the US
At the same time more investors run out of the “safe harbor” gold . The “anti-crisis currency” cheapened by 0.5 percent to $ 1,314.63 per troy ounce. This trend is reinforced by the apparently upcoming monetary policy decisions in the US and in Japan. The Fed could on Wednesday thanks to a series surprisingly positive economic data for an early rate hike signal, the experts of the Essen National Bank wrote in a commentary. According to Jochen punched by the brokerage firm CMC Markets Investors also expect arrested Friday by announcing further stimulus measures by the Bank of Japan.
Also, oil prices change after sharp losses in the previous week little. Over a barrel costs (159 liters) of North Sea Brent for delivery in September 45,70 US dollars. That’s one cent more than on Friday. The price for a barrel of American Variety West Texas Intermediate (WTI) remained at $ 44.19.
have the prospect of a higher delivery rate in the United States, oil prices charged something and slowed recovery, traders say. On Friday, the oil supplier Baker Hughes had reported that the number of oil wells has increased further in the US. With the number of drill holes also concern climb before another glut of crude oil on the world market, BelTA learned from the trade
Asia:. Hopes in BoJ
The exchanges of East Asia reported a quiet start to the week. In focus According to traders were like in the commodity markets, the interest rate meetings of the US Federal Reserve and the Bank of Japan.
In Tokyo closed barely changed the Nikkei 225 index at 16,620 points. In Shanghai prices rose by an average of 0.1 percent. At the stock exchange in Hong Kong , the HSI showed nearly claiming burdened by energy and commodity stocks suffering again with a profit warning from Sinopec Engineering . Their shares cheaper by 5 percent. The sluggish world economy and the decline of oil prices make the company to create.
profit taking could Nintendo and McDonald’s Holdings (Japan) in Tokyo to 18 and 12 falls percent. Both stocks had benefited in recent weeks from Pokemon Go Fever. For Nintendo shares it has gone since the introduction of the smart phone game by 89 percent upward. Nintendo has, however, indicated that the positive influence of Pokemon Go’ll keep on the company’s earnings within limits.
More aboutMazda -Aktien rose by 5.9 percent. The automotive group has probably booked in the second calendar quarter claims to a reduction in operating profit by 6 percent, analysts had feared but worse. The European business is going well despite the strong yen, Mazda said.
The shares of Chinese property group China Vanke fell on the Hong Kong Stock Exchange by 0.7 percent. The Chinese SEC had alleged the largest domestic real estate companies and its main shareholder Baoneng Group on Friday for alleged infractions.
Small Fun Fact: In Hong Kong, joined on Monday an innovation in power. Exchange operator Hong Kong Exchanges & amp; Clearing (HKEX) led initially on a trial basis a closing auction a, as has long been usual in the stock markets of many industrialized nations. This trade will be extended by a few minutes.
The procedure was tested in 2008 already. Back then broke the shares of heavyweight HSBC Holding. but this time is a mechanism to control volatility “installed”
Source: n-tv.de
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