Because of concerns about a global economic downturn lost the German benchmark index on Monday 3.30 percent. to 8979.36 points a. The loss totaled so the still young 2016 to just over 16 percent.
The MDAX lost to Wochenstart 4.48 percent to 17 848.63 points, and the TecDAX technology stocks even fell by 5, 81 per cent to 1500.14 points a.
for months the stock markets are under pressure worldwide. The Dax about had ended the old year with good 10,700 points. Since then, it was almost entirely downhill. The main reasons for the downturn that has gripped the stock markets in Asia and the US and throughout Europe, are the oil price decline and poor economic data, particularly from China. In addition, recently the euro exchange rate had strengthened again something exporting difficult. By evening, the euro rose slightly again, to trade at 1.1165 dollars. The European Central Bank had the reference rate at 1.1101 (Friday: 1.1202) fixed US dollar. The dollar cost order 0.9008 (0.8927) Euro
STRONG EXCHANGE LOSSES EVEN IN EUROPE AND IN THE USA
So it looked on Monday Europe from similarly dark as the Dax. The Euro Stoxx 50 as the leading index of euro zone lost 3.27 percent to 2785.17 points. In London and Paris, the indices closed similarly weak.
EXPERTS SEE BLACK
As the Dow Jones Industrial and Nasdaq indexes lost to European Dealing 2-3 percent far: In the US, the decline on Friday went on. for exchanges goes down, about the experts are divided. Jochen Stanzl CMC Markets holds another Dax decline to 8300 points after the turbulence start of the week in the coming days for possible
Dealer Andreas Lipkow of Kliegel & amp. Hafner currently looks barely buy Argentina Mente. He spoke of a veritable buyers’ strike, the lead also with a view of the chart image to additional pressure. The downward trend accelerated further and further, after the most computerized trading programs responded.
BANKING AND TECHNOLOGY VALUES ESPECIALLY punished
Especially violently it hit shares of banks and technology companies. The papers of Deutsche Bank and Commerzbank lost at Dax-end around 9.5 percent. Re growing concerns about loan defaults and bank failures translated financials across Europe too heavy. The industry index formed at a discount of 5.6 percent, the weakest of the 19 sub-indices of the Stoxx Europe 600. ‘/ P>
With a decline of slightly more than 4 percent and the index ended European Technology stock day very weak. In Dax the semiconductor manufacturer Infineon shares stood out with minus 5, 4 percent. In TecDAX the share of IT service provider GFT Technologies with minus 15.5 percent were punished most – but the GFT papers had increased by about 140 percent last year
MUNICH RE MAY NOT the downward pull. ABSTRACT
the downward trend could ultimately the shares of Munich Re not escape. They gave after as best Dax value by 0.76 percent. At times, a study of the Swiss bank Credit Suisse had brought the papers to moderate gains. The dividend yield of the reinsurer by almost 5 percent had been highlighted positive.
While there was no single winner also among the 50 MDAX values, the shares of Drägerwerk were the TecDAX rose by 1.3 percent. The the medical technology company shares were however hard punished in the past week due to planned drastic dividend cuts
Given the selloff in the stock market took refuge investors back into the force as a safe haven German government bonds. On the bond market, the current yield on quoted fell Federal securities from 0.18 percent on Friday to 0.13 percent. The Fixed Income Index Rex rose by 0.20 percent to 141.99 points. The Bund futures rose by 0.54 percent to 164.82 points.
By Claudia Müller, AFX
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