Economy
Monday 08 February 2016
The shock runs deep: Instead of a positive counter movement after the five-percent loss the previous week, the Dax welcomes another price drop on. He is, however, dynamic – and a psychologically important level falls significantly .
Charts
The fall in the German stock market has continued at a breathtaking pace start of the week. “The recovery was not – and then it went down,” yielded n-tv market expert Frank Meyer for royalty comment. “The market wants to bottom. The chart is broken,” he said. “It is it pressure.” And made sure that the Dax has fallen for the first time since a half years back below the mark of 9000 points. Traders spoke of a “Panic Monday” – but also showed out that this usually a “Turnaround Tuesday” follows
Dax fell daily low up to 8938 points.. The daily high was 9338 meters. A trading range of 400 points shows how nervous investors are currently. In the end, the leading index adopted at a discount of 3.3 percent and 8979 points. The MDax was 4.5 percent down at 17,849 points. The TecDAX lost 5.8 percent to 1,500 points a.
Where is the bottom?
For months is the German stock market so under pressure. 2015 Dax had ended at 10,700 points good. Since then, it was almost entirely downhill. in the previous week alone, he had lost more than 5 percent, on Friday of 1.1 percent. The main reasons for the continuing price decline are the price of oil-slip and poor economic data, particularly from China. Also charged in the meantime gaining strength euros. The minus of Dax adds up for this year in the top to more than 16 percent.
How far is still going downwards, about the experts disagree. Jochen Stanzl CMC Markets holds another Dax decline to 8300 points in the coming weeks for possible. According to a survey of the research institute Sentix investor sentiment in the euro zone fell in February to its lowest level since the beginning, 2015. Given the many negative aspects there are currently no reasons to buy, dealer Andreas Lipkow of Kliegel & amp said; Hafner. This buyers’ strike leads then also overlooking the chart image to additional pressure, since the downward trend continues accelerating and just reacted the most computerized trading programs on it.
“Dax is massively sold out”
Chris Weston of IG markets pointed out that especially the US market start to price in a recession and advised to remain “cautious”. Also warned Daniel Saurenz of Feingold Research: “The Dax is massively sold out, the mood on the ground.” If a recession going priced in the US, “then the Dax target 8200″. However, he also said: “Clean, a recovery towards 9400 would humor technically overdue.”
The DZ-Bank excludes a price decline to 8355 points, the October 2014 low, not a first downward wave initially to 8950 points is likely to run. “Maybe in 8750″ sees Robert Halver, head of capital market analysis of Baader Bank, in an interview with n-tv, a bottom
Raw Materials:. First positive, then negative
The focus was to week beginning again the price of oil: the first climbed well, but then the prices came back. One barrel (195 liters) of North Sea Brent for delivery in April cost the evening $ 33.71. The 1.1 per cent less than on Friday. The price of a barrel of US varieties WTI for delivery in March also fell after initial premiums by about 2.1 percent to $ 30.34.
Investors hoped again because of persistent oversupply in early production cuts. The Saudi state news agency SPA reported on Sunday, the domestic oil minister Ali Al-Naimi had met with his Venezuelan colleague Eulogio del Pino. The conversation should have gone to a possible cooperation between members of the conveyor cartel OPEC and other producers in order to stabilize oil prices
Dax. No value in Plus
in the individual stocks car values and banks were the focus. VW and Co. were up significantly compared to the general market trend on Friday. To kick off the new trading week, it was clear for them down. VW slumped 5 percent into the red. A standing room in the delay of the planned compensation of US buyers in diesel scandal fell while negligible. Daimler and BMW lost more than 3 and 4 percent
Analysts looked at the courses. So the Credit Suisse had Munich Re raised to “neutral” to “underperform”. Conversely, lowered the price target for Berenberg German bank significantly to 14 from previously 25 euros. Munich Re therefore lost only 0.7 percent. They were long the only winner in the leading index. German Bank concluded around 10 percent lighter, Coba more than 9 percent. . These were the top two losers in the benchmark index
losses across the board
Even more clearly than the Dax was drawn secondary and Techwerte down: Bilfinger gave the MDAX from 4.4 percent. The construction company sells water technology division to China and expects to generate a cash inflow of approximately 200 million euros. The increasingly difficult steel market made Rheinmetall to create the title sagged 6.7 percent. The clearest loss reported ElringKlinger and Zalando more than 8 and 8 percent on the lowest deductions accounted for Wacker Chemie and Rhon Hospital percent each about 1.4. Kion closed around 4.5 percent lower: The company reported in the United States a purchase
In TecDAX merely Drägerwerk held in positive territory – with distinct. 1.3 percent. The losers list led Xing and GFT from around 14 and 15.5 percent. SMA Solar came at a discount of more than 11 percent below the wheels
USA:. Falling rates
The Wall Street waited with sharp losses on. The Dow Jones index of the default values was the morning (local time) in the minus 2.1 percent at 15,853 points. The broader S & amp; P 500 lost 2.2 percent to 1899 meters a. The Nasdaq100 was 2.6 percent to 3918 points. Food received the economic worries mainly by again falling oil prices, which are an indicator for the world economy.
Cited were the losses in technology stocks that were on top of the sales lists on Friday. Shares of Amazon , alphabet or Facebook gave to 3-6 percent. Twitter fell 3 percent and were as cheap as ever with $ 15.30.
Clear the focus of market players already stood the hearing Fed chief Janet Yellen as part of its biannual report on monetary policy before the house of representatives on Wednesday. Investors are hoping for new indications, such as the Fed’s assessment of the economic risks and the turmoil on the financial markets. Because of the market fears of a recession, Yellen will probably express dovish, it said in IG
commodities. Gold wanted
From uncertainty benefited the supposedly “safe harbor” Gold . The price for one troy ounce rose to $ 1,195, and thus to its highest level since October 2015. The impact was almost 2 percent.
“The Gold benefited particularly from the strong deceleration in expectations of higher interest rates by the Federal Reserve in this year, “said Jameel Ahmad of FXTM. Even a weaker dollar support
Forex:. Euro above $ 1.11
Euro presented itself stable long and rose in late trading. He tasted the evening $ 1.1180 around 0.3 percent more than on Friday. The European Central Bank (ECB) set the reference rate at noon on $ 1.1101 to $ 1.1202 on Friday. After the dollar had initially been in the past week, under heavy pressure – the euro jumped against the dollar in the tip by more than 4 US cents upwards – he received on Friday tailwind from strong data from the labor market. The euro lost value in return to.
More about“The strong price swings were triggered by the high level of economic uncertainty,” said Ulrich Leuchtmann, currency expert at Commerzbank. “Investors are not sure whether the euro or the dollar is currently a safe currency are” luminous man explained the variations. “However, benefits Clearly, the Japanese yen.” This did not change, the introduction of negative interest rates by the Bank of Japan on the penultimate Friday nothing
Asia. Nikkei likely to
The Japanese stock market started the new trading week with To win. First, the Tokyo Nikkei Wall Street followed into the red, but then turned into positive under the influence of the weakening yen. Export title as the automakers were particularly in demand.
Nikkei ended an uneasy trading 1.1 percent higher at 17,004 points. The MSCI index of Asian stocks outside Japan barely moved. Total equity trading in Asia was limited holiday thin. Many markets – including the stock exchanges in China – remain for the New Year All week closed
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Source: n-tv.de
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