The TecDax listed Software AG, however, gained 4.1 percent after the Berenberg Bank had upgraded the share.
Vehicle and machine builders MAN and Kabel Deutschland have to vacate their space, while wafer manufacturer Siltronic is replacing machine builder Manz in TecDax. With Scout24, Schaeffler, WCM and Hypoport, four stocks have risen to the SDax. To do this, Ströer, Tom Tailor, Gesco and SHW leave the index.
Siltronic and Ströer -itel react positively. Source: ntv.de, bad / dpa / DJ “The Dax closes with losses for the first time in eleven trading days. (Photo: picture alliance / dpa) No, it won’t be the eleventh consecutive record for today The Dax. Although the German benchmark index shows a new all-time high over the course of the year, profit-taking and weak US stock markets weigh on it in the end. Show strength once, then the Dax retreated – only to post a hefty loss in the end. Despite the slowing upward momentum it had previously marked a new all-time high with a good 11,465 points in morning trading.
Towards the end of the trading day, the German leading index followed the US stock exchanges down and even slipped below the 11,300 mark. The Dax’s ten closing records in a row stimulated profit-taking: “The stock exchange is not a one-way street,” said one trader. There was no special reason for the setback. It looked rather poor on the news site. The good reporting season so far is slowly coming to an end this week.
In the meantime, however, the retail data for January published in the morning created a good mood: Economists had expected that sales would decline slightly after three monthly increases in a row. Instead, they rose 2.9 percent. That could boost the economy further: In the fourth quarter, private consumption already accounted for around half of German economic growth.
In the second half of the week, the stock exchange will mainly look at the meeting of the European Central Bank and China, said a trader. The National People’s Congress meets there for its deliberations. After the Chinese central bank surprisingly cut interest rates over the weekend, it will be exciting to see how high the growth target for 2015 will be.
Observers reckon with 7.0 percent. The Dax closed after its record high at 11,465 points in the morning with a loss of 1.1 percent at 11,280 points. The MDax small cap index even lost 1.3 percent to 19,884 points, slipping back below the 20,000 point mark, while the technology-heavy TecDax fell 1.1 percent to 1568 points. The Euro-Stoxx-50 lost 1.0 percent and fell to 3554 points, and at the end of the day there were hardly any winners in the Dax. One, however, was the Lufthansa share with a plus of 0.8 percent. Merck climbed 0.5 percent and landed in second place.
The quarterly results of the pharmaceutical and specialty chemicals group were slightly above expectations, wrote DZ Bank analyst Peter Spengler in a comment.best online biology essay writing service The outlook for 2015 is cautious, however, while Deutsche Telekom ended up far behind, closing 2.0 percent in the red. “The industry’s fantasy of consolidation is fading,” said one trader. “Instead, the courses are now consolidating,” he adds. According to Orange, it is not currently aiming for a merger with Telecom Italia. The car values were particularly weak: Volkswagen lost 2.4 percent, BMW even 2.8 percent and the supplier Continental 2.6 percent. The chemical company Evonik, which is listed in the MDax, had met the expectations of the analysts – it is anticipating increasing sales and profits this year.
The share rose by 1.9 percent. In the TecDax, Manz gained 3.5 percent after receiving another major order, and in the SDax Heidelberger Druck by 5.7 percent after the takeover of the Dutch Printing Systems, which focused on the sale of service and consumables. The roof tile manufacturer Braas Monier wants to pay a dividend for the first time. That drove the price up by 3.6 percent. The analysts’ comments were predominantly negative. Commerzbank had downgraded the shares of the MDax stocks ElringKlinger and Hannover Re. The price losses ranged from 1.2 percent at Hannover Re to 3.0 percent at ElringKlinger.
The TecDax listed Software AG, however, gained 4.1 percent after the Berenberg Bank had upgraded the share. After the previous day’s record hunt, Wall Street took profits on Tuesday, especially after the Nasdaq composite topped the 5,000 mark for the first time in 15 years. There was hardly any fresh impetus and important economic data were also not due for publication, which should encourage willingness to cash in. The Dow Jones index lost 0.5 percent and closed at 18,203 points, the Nasdaq composite fell by 0.6 Percent to 4,979 points, and the market-wide SP-500 fell by 0.5 percent to 2107 points. The carmaker’s sales figures for February provided movement.
The US auto market continued to improve, but it has long since been as pronounced as it was in the past few months. One reason is likely to be the cold spell that has gripped parts of the USA. Furthermore, low gasoline prices and favorable credit terms ensure a high willingness to buy.
After price losses in stocks from the oil and gas sector still weighed on yesterday’s Monday, they are expected to recover today. The reason is that Brent oil successfully tested the support at $ 60 and is now rising again. In the evening, it costs $ 61.02 after falling below 59.50 the previous day, and the price of a barrel of the American West Texas Intermediate (WTI) rose to $ 50.52. After falling by more than half, oil prices have stabilized at the current level for several weeks.
The high supply of crude oil continues to be the dominant theme in the markets, and the collapse in prices has left its mark on the US shale oil industry. A large number of low-yield wells were recently abandoned. However, observers believe that production has merely been relocated to higher yielding areas, with the euro hovering around the $ 1.12 mark. Initial gains were followed by rapid losses, and in the afternoon the common currency tended a little stronger again. In late US trading, one euro cost $ 1.1175, almost as much as it did in the morning.
The European Central Bank (ECB) had set the reference rate around noon at 1.1168 (Monday: 1.1227) dollars. The dollar cost 0.8954 (0.8907) euros. After record highs on Wall Street, most stock markets in the Far East also rose on Tuesday. The MSCI index for the Asia-Pacific region with the exception of Japan was up 0.2 percent. In Tokyo, however, the Nikkei index gave up initial gains and went out of trading with a minus of just under 0.1 percent at 18,815 points. However, the value was still close to its most recently achieved 15-year high.
In the United States, the Nasdaq technology exchange index had risen above the 5000 mark for the first time in 15 years, while Tokyo investors took profits after the rally. In addition, the recovery of the yen put some pressure on sentiment. A weak yen helps export-oriented companies in particular. Sharp shares, which at times plummeted by almost ten percent, came under the wheels in Japan.
According to an insider, the electronics group needs further help from its largest lenders. They are necessary because of high losses. Source: ntv.de, kst / jwu / DJ / rts “Superstar and advertising figurehead Messi has long been wearing his very own Adidas shoe. In the future, this should also become normal for ordinary consumers. (Photo: picture-alliance / dpa) Since the beginning of the year, the TecDax has shown a plus of around 30 percent, Manz comes up with a ridiculous 2 percent. A price jump of almost ten percent makes the stock market sit up and take notice – and arouses new fantasies Special machine manufacturer Manz reacted to a cooperation agreement with Adidas: The stocks in the TecDax stock shot up almost 10 percent at times, then leveled off at a premium of between 4 and 5 percent.
But that means they remained the top winners in the German tech index. The cooperation includes the establishment of a high-tech shoe production facility at Adidas. According to Manz, automated production in so-called “speed factories” is to be created worldwide by 2020. This should enable shoe production in the regional sales markets according to individual customer requirements. “Investors see in the cooperation an additional pillar through which the special machine manufacturer could land new orders,” said a dealer. “The announcement sparked a lot of fantasies.” The main sources of income for Manz so far have been systems for the production of displays for tablet PCs and smartphones as well as PCs and notebooks with touch-sensitive screens. Customers include Apple. Despite the price jump, Manz stocks are considered undervalued on the market.
Since the beginning of the year, the shares have increased by just two percent. This means that they are well behind the development of the TecDax. The technology index has gained almost 30 percent in value since the beginning of January. Source: ntv.de, bad / rts “At the start of the shortened Christmas week, the fall in oil prices once again determines the actions of investors.
First, the courses climb, the 10,800 mark in the Dax beckons. At the end there is a clear minus. Experts know why: The hunting season on the German stock market has started at the end of the year. On the first of three trading days in this shortened Christmas week, the trading margin was around 300 points. “The stock marketers seem to be falling for the Christmas shopping frenzy too,” said n-tv stock market expert Corinna Wohlfeil.
She spoke of “bargain hunters”. Overall, however, the oil price had a negative impact. He is the uncertainty factor, so Wohlfeil. Positive news from China meanwhile provided support. After slight difficulties at the start of trading, the Dax continuously expanded its profits to the daily high of 10,796 points.
Then he gave up, closing 1.0 percent in the red on the daily low of 10,498 points. On Friday, the German stock exchange index was 130 points or 1.2 percent lower from trading. The MDax passed 1.3 percent weaker at 20,377 points. The TecDax lost 1.0 percent to 1,796 positions. “The Christmas rally almost always comes,” commented chart expert Franz-Georg Wenner. “For the otherwise rather uninteresting time between the years, this offers one last chance for a quick profit.” According to n-tv stock market expert Sabrina Marggraf, December turned out badly with a Dax loss of around 800 points so far. All in all, 2015 was a “positive year on the stock market”, Marggraf drew a first balance sheet: “The Dax has gained around 8 percent.” The drop in oil prices continued into the new trading week.
The price for the trend-setting Brent variety from the North Sea fell at the daily low to $ 36.04. It was the lowest level since July 2004. In the evening it was quoted at 36.25 dollars a barrel. The WTI oil price closed at $ 34.74. In addition to an intermittently stronger dollar, the reason for the ever-falling oil price was a significant excess supply. OPEC continues to maintain its delivery volume.
There is a political calculation behind this, she wants to put pressure on other competitors, such as Russia or the US fracking oil extraction companies. In terms of individual values, the car values presented themselves strongly. They responded to press reports about planned subsidies for electric cars. As the “Spiegel” reported, the federal government is planning subsidies of up to 5000 euros per car. “Because the otherwise barely achievable climate target of one million e-cars by 2020 is to be achieved, there could be speculation on an increase,” said a dealer. VW started with a premium of 1.3 percent.
In the end, Daimler turned 0.7 percent into the red, BMW 0.2 percent. For Lufthansa, it went up around 2.8 percent – the stocks benefited from the ongoing decline in oil prices, which fell to new multi-year lows. On the other hand, financial stocks were among the weakest stocks: The earnings of Commerzbank and Deutsche Bank lag behind the Dax. Deutsche Börse lost around 2 percent.
However, the shares were on Friday with a premium of more than 2 percent of the top winners in the leading index. This position was now taken by the utilities Eon and RWE, which each grew by 2.5 percent. “The stocks that have recently come under the wheels are being bought,” commented n-tv stock market expert Wohlfeil. The focus was also on various individual stocks in the course of the implementation of index changes. Covestro and Ströer rose to the MDax, while MAN and Kabel Deutschland went. Siltronic, which replaced the Manz share, are new to the TecDax.
With Scout24, Schaeffler, WCM and Hypoport, four stocks were promoted to the SDax. To do this, Ströer, Tom Tailor, Gesco and SHW leave the index. Ströer surrendered initial profits, but closed 0.4 percent up. Siltronic, on the other hand, lost about 3.5 percent. Hornbach Holding shares gained more than 3 percent, and dealers saw no new negative news behind the final figures from Hornbach. The hardware store chain had already published a clear profit warning almost two weeks ago and announced a decline in EBIT of up to 15 percent for the full year. Stada rose by more than 1 percent – probably due to positive statements on growth in Russia.
There it should be a little more dynamic in the coming year, said CFO Helmut Kraft of the “Börsen-Zeitung”. Since the weak ruble continues to weigh on the margin, he expects a further decline in adjusted net profit for the current year. “It is important that he said that the dividend should at least remain stable,” said a trader. After a relatively quiet trade, Aixtron’s shares shot up almost 6 percent in the afternoon for a short time. The trigger: Aixtron warned in a DGAP message of a false report in which a change in the forecast was probably announced. Aixtron has informed the Bafin of the process.
The process will be checked, it said. At the end of trading, the shares had a premium of around 2.5 percent. Nordex’s share price rose 0.4 percent after the wind turbine manufacturer agreed on a new credit line with a term of five years. The US stock exchanges stopped trading on premiums.
The news that China intends to boost its economy in the coming year with a mix of tax cuts, additional spending and loose monetary policy created a good mood.