Monday, 22 August 2016
After a slow start, the Dax bobs back only forward. In the morning he wakes up briefly from lethargy, only to shortly thereafter lie down again. And then? When it comes down.
The Frankfurt stock market brings stockbrokers provide explanations. The Dax was 0.4 percent in the red at 10,494 points from the market, while the MDax lost 0.3 percent to 21,515 points. The TecDAX won 0.1 percent to 1713 points. Revenues were similar thin as in recent weeks. “A large order is enough to strongly push the market back and forth,” said one trader.
Meanwhile, the Dax had climbed up to 10,656 points, after which obviously surprised traders looking for reasons for the plus decreased from around 1 percent. Some refer to technical factors such as the handling of the small decline last Friday. Charttechnisch positive also is the defense of the support zone around 10,475, the DZ Bank. It thus show an intact uptrend
Other traders resorted to another popular reasons:. The weaker euro’m hoping to rising exports, so prices rise by exporters. Because its products are cheaper on the world market
Still others found in their obvious helplessness a different reason. The Italian Prime Minister Matteo Renzi said he was not concerned about the future of the crisis bank Banca Monte dei Paschi di Siena , And with that he had contributed “to the positive mood on the markets,” it said.
But the courses gains did not last long, the major indexes were quickly very close to the closing levels from last Friday. And then it suddenly went down.
Just as there were compelling reasons for the upward movement, there is now real reasons for the downward. Trading is still lucky: Some traders refer to the effects of the decline from Friday. Others argue chart technical reasons. Others speculate the head of the US Federal Reserve, Janet Yellen could talk than expected on the central bank conference on Friday “hawk-like”. And that could even trigger an increase in volatility.
And the individual values? For the papers of the energy group Eon it went up by 0.6 percent after half-year figures of Uniper. The number before the IPO power plant and commercial daughter looks despite a billion loss on the road to recovery.
The preferred shares of Volkswagen put 0.1 percent. In the dispute with two suppliers there is no end in sight. “Shareholders interested mediocre” Susanne Althoff said the reported for n-tv of the Frankfurt Stock Exchange. “They had about Gehab on Friday grief. Therefore, the stock is now only slightly negative.”
The shares of Fresenius Medical Care (FMC) became more expensive by 1.4 percent, making her Friday minus largely compensated. The dialysis group had stressed at the weekend, US patients not to push in private health insurance in order to settle a greater cost for treatments. The US regulatory CMS had information requested last week by dialysis providers because of possible offenses.
He considered violations of FMC improbable said analyst Tom Jones by Berenberg Bank. Furthermore, it is less assured than one percent of all the company’s US patients privately. In the slipstream of FMC, the title of the parent company Fresenius
gained 0.3 percent. In MDax stung Südzucker out with a decrease of 5.3 percent. Dealers attribute this to a downgrade of Goldman Sachs analysts. The papers had gained about 80 percent in the past twelve months.
losses in New York
The US stock markets have closed mixed. The Dow Jones fell 0.1 percent to 18,529 points. The broader S & amp; P 500 was 0.1 percent to 2183 points after. The Nasdaq on the other hand won by 0.1 percent to 5245 points.
stockbrokers referred to increasing expectations that the US Federal Reserve raised interest rates in the coming months. The dollar was the lift. “The markets are a bit nervous,” said market strategist Robert Pavlik by the asset manager Boston Private Wealth. Of importance in particular are evidence of a rate hike in September.
Also on the mood expressed a decline in oil prices. Analysts doubt that a curb oversupply is achieved in the forthcoming negotiations of the oil producers.
On the stock market, the pharmaceutical industry was in view. The pharmaceutical company Pfizer strengthens with a multibillion-dollar purchase of its position in the lucrative market for cancer drugs. He takes over the biotechnology companies Medivation , an oncology specialist from San Francisco. The acquisition can be cost Pfizer about 14 billion US dollars in cash. Pfizer was somewhat easier in the market, Medivation jumped by about 20 percent upward.
The share of US chipmaker Intersil also rose in price by almost 20 percent. The Japanese chipmaker Renesas Electronics is negotiating the purchase of the US competitor. According to an informed person a successful transaction would have a value of around 300 billion yen, which works out at 3 billion US dollars.
Currency: sturdier dollar, euro are to
The dollars appears stronger. The basic expressions of Fed Vice Stanley Fischer called. Fischer sees the Fed shortly before her goal. Full employment was almost achieved, and inflation moving in the vicinity of the targeted mark of two percent
Open to the statements of the US central banker William Dudley of the last week added, thus the sign of a rate hike were increasing before the end of, say market players. Dudley had also emphasized the good state of the US labor market.
Commerzbank analyst Ulrich Leuchtmann other hand, warned against exaggerated expectations. Finally, Fischer had pointed in his remarks on the continuing problems of the world’s largest economy. “You can Fischer’s speech thus read as an argument why the Fed despite apparent achievement its key rate just does not increase.” Apparently, many investors did not even bother to read the speech fisherman, so luminous man and added: ” ‘Read first and then think, then only buy dollars’, is therefore my recommendation to invest.”
Jochen punched, analyst of online broker CMC Markets, expected meanwhile of the planned speech of Fed chief Janet Yellen on the international central bankers meeting in Jackson Hole no signals for an early US rate hike. “It is the markets hardly want to take the hope of low interest rates for a long time.”
In the Euro it first went up, however, the single currency rebounded during the day and stood in late US trade again just over $ 1.13. Participants attributed this to the increasing nervousness about the interest rate debate
commodities. Oil prices fall again
Oil prices came under pressure after he had gone the previous week sharply upward. In addition to the fixed dollar again expressed concerns about an oversupply price. The hopes of the previous week on a freeze on production by the major oil-producing countries are again seen with skepticism.
“It seems as if the producers have only given lip service,” said Lai Vyanne of the National Australia Bank to. The recent renewed rise of active conveyor systems in the US weighed on the price. The barrel of the variety Brent again fell below $ 50, WTI prices were down for Settlement by 3 percent to $ 47.05.
Analysts at US bank Morgan Stanley described the adoption of a conveyor brake but as “very unlikely”. Your colleagues from the British Barclays Bank made similar. Iran, that after the end of Western sanctions earlier this year has returned to the world market will accept no limitation of its production. “And without Iran to Saudi Arabia will not participate.”
The experts at Goldman Sachs also pointed out that the number of active wells had increased by almost 30 percent compared to its low of May. The oil industry services provider Baker Hughes has been promoted in the past week in the US at 406 locations oil. This is an increase of ten wells compared to last week.
gold tended to the increase in dollar also easier. The debate about higher interest rates in the US pushed the precious metal. The ounce listed for Settlement 0.2 percent lower at $ 1343.40.
Silver was slightly cheaper. The price of the metal mainly used in industry slipped by almost three percent to a seven-week low of $ 18.77 from
Asia. Leisurely week StartMore about
The Nikkei index has recovered slightly after the generally weak last week using the cheap for Japanese exporting companies dollars developing and won 0.3 percent to 16,598 points. On the other major Asian markets, the indices fell contrast, in Shanghai, the leading index lost 0.8 percent. In China hopes for a looser monetary policy had received a damper. The Statistics head of China’s central bank had said, lower taxes and a higher budget deficit should be to stimulate the economy effective than lower interest rates.
China Vanke won in Hong Kong 1.0 percent, after the property company had presented strong figures for the first quarter. However, the ongoing takeover tussle brochure to China Vanke uncertainty about the future stability of the company, it said.
shares from the oil industry recorded losses in the face of lower oil prices. In Tokyo lost Inpex 2.7 percent.