Economy
Thursday 02 June 2016
A surprise of the Governing Council meeting in Vienna remains off. The markets react accordingly dispassionately. The Dax closed at the end virtually unchanged. The meeting of Opec are at least oil prices a nudge – Down .
Charts
standstill at the Frankfurt Stock Exchange: ECB chief Mario Draghi had not lured with a reluctance for further injections of money investors from the reserve. Even after the press conference commuted the German index Dax to the closing price of the previous day – and went close to this and from the trade. Just 4 points in positive territory at 10,208 points
Although I Draghi at all times readiness to act the ECB stresses, if risks to the achievement of the inflation target existed, it said in a commentary Helaba. “Concrete evidence of a looming action did not exist in our opinion, but.” The unchanged in 2017 and 2018. Inflation forecasts indicate, according to Commerzbank analyst Esther Reichelt out that the ECB probably once had not reloading with further monetary policy measures. “That should the euro actually support,” she added.
Real impetus to the currency market is their opinion, but only the US jobs report on Friday deliver. The single currency fluctuated during the press conference of Plus into the red and was last unchanged at $ 1.1155
Indications to the labor market already existed. The ADP report coincided with a job growth of 173,000 minimally better than the expected 170,000. “With the solid ADP sites Plus results in a net-friendly indication for tomorrow pending official employment report,” said Helaba. The weekly jobless claims fell slightly better than forecast.
Organization of Petroleum Exporting Countries (Opec) has completed its ministerial meeting without an agreement on a conveyor line. The fractious cartel must therefore continue to put out that supply and demand market forces to gradually come into balance, which would lead to a higher oil price. “The market determines the oil price,” Saudi Arabian Oil Minister Khalid al-Falih said the conclusion of the conference. The price of oil falls after the OPEC meeting under selling pressure
Frankfurt. Munich Re slip ans Dax-end
The Dax closed almost unchanged at 10,208 points. Little movement even when MDax , to 0.2 percent upwards we went to 20,703 points. Mostly calm prevailed even when TecDAX , which rose 0.1 percent to 1698 points. The Euro Stoxx 50 was 0.1 percent to 3037 points.
Noticeably recovered after the sharp decline from the previous day had utilities RWE and Eon with an increase of 1.4 and 0.7 percent. Here RWE also benefited from comments from analysts. For Volkswagen it went in Dax 1.8 percent upward Leader in Dax were in the end, however, Bayer with an increase of 2.2 percent.
rear in Dax were Munich Re at a discount of 2.2 percent. JP Morgan and Bernstein had lowered their price targets. The severe weather weighed on the shares, said a dealer. “You do not know what to stress there still may happen. And the weather forecast is not exactly rosy.”
In MDax it went on the shares of Bilfinger to 4 , 2 percent up. The company has sold the lucrative division facility management for a purchase price of 1.2 billion euros to the financial investor EQT. This corresponds to an enterprise value of 1.4 billion euros. Sales flushed slightly more money in the coffers than was originally expected.
Airbus -Aktien gave the MDAX 1.3 percent. According to traders, the two largest helicopter operators all have flights to the known as the “Super Puma” Airbus model EC225 suspended after it had been in April the Norwegian coast a disaster with a helicopter of this type. It all occupants were killed. Norwegian investigators have now informed that they have found a potentially difficult problem detected and urged the European air safety authority EASA to act
USA:. Restraint dominated Wall Street
caution and restraint characterizes trading at Wallstreet . The Dow Jones industrial average lost 0.1 percent to 17,767 points, which S & amp; P 500 lost 0.1 percent, while the Nasdaq Composite quoted virtually unchanged.
In focus meeting of Opec , which has decided not feed limit, as it is made out of circles. This does not only affect the price of oil, but also the US stock market. In addition, the upcoming Friday acclaimed US employment report for May stoking uncertainty.
The individual values are Apple in view. Goldman Sachs lowered its target price for the paper and points to lower growth prospects for the smart phone market. The new target price is $ 124 to above $ 136. The iPhone maker goes also apparently new bonds, with which it wishes to collect 3 to 4 billion dollars in the Asia Pacific region. With the money the electronics manufacturer wants to dividend payments and share buybacks Finance, reported an informant. Apple losing 1.0 percent.
The cloud-company Box shares slip to 12 percent down. Although Box has with sales and earnings surprised positively in the first quarter and also for the current quarter provided a better performance in prospect had expected as analysts
Asia. “Abenomics” weigh on the Nikkei
Signs of a global slowdown and the strong yen have the stock markets in Asia charged. The PMIs from the day before had been disappointing, Frederic Neumann said at the bank HSBC responsible for Asia. The particular still the market sentiment. In addition, the nervousness climb before the upcoming referendum in the UK on a stay in the EU and the potential impact on the global economy, it said.
In Japan, rates fell sharply. The Nikkei index closed 2.3 percent lower at 16,562 points, which Topix fell 2.2 percent to 1331 points.
cared for losses the decision of the government of Prime Minister Shinzo Abe, the VAT increase to move. The markets were disappointed that Abe had just announced the postponement and gave no further information on possible measures to stimulate the economy, said currency strategist Sean Callow of Westpac. Many investors interpreted the decision as an admission that “abenomics” , ie the Economic Policy Abe, another two and a half years needs to take effect.
More aboutThe Yen was up then, which makes creating the exporting companies. They were among the losers. Toyota -Aktien fell 1.5 percent, Nissan 2.7 percent and Mazda even more than four percent.
the MSCI index for the Asian equity markets excluding Japan recorded slightly weaker. In China, the Exchange put in Shanghai 0.2 percent, the CSI300 of the main courses in Shanghai and Shenzhen was slightly positive. They were supported by the expectation that the Chinese stock markets are taken in mid-June in a MSCI Emerging Markets index
Raw Materials:. Oil prices after OPEC meeting under pressure
oil price have come under pressure after the oil-producing countries in the Opec a production limit is not managed. While this was the consensus opinion before the meeting in the market, though some analysts had speculated beforehand, Saudi Arabia could strike a more conciliatory tone and summon the unity of OPEC. Iran is against a conveyor line. After the end of the sanctions, the country plans to expand its production.
The price of a barrel of crude oil of the variety Brent sank in the late afternoon by 69 cents or 1.4 percent to 49, $ 03. The price for a barrel of US varieties West Texas Intermediate (WTI) falls by 74 cents or 1.5 percent to $ 48.27. Gold was hardly changed. The price of gold trended minimal lighter at $ 1,212 per troy ounce.
Source: n-tv.de
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