market report
The Bundestag election accuses your shadow on the financial markets. Quite a few experts fear that the correction in the DAX could resume speed after Sunday.
The DAX goes on a relaxation course at the time of the week. However, the German stock market barometer can only easily expand its initial profits by noon, and it is currently 0.2 percent in plus 22,364 points.
The DAX used the support zone at 22,200/22,300 to initiate the turn upwards. The only question is: how sustainable are the current price gains? Is there more than just a technical counter -reaction to the latest price slide behind it?
The fact is: The DAX is technically stricken after failure on the 23,000-point mark, which is warned by investors for caution.
The upcoming Bundestag election ensures additional uncertainty among investors, as experts expect difficult government formation. Quite a few market observers therefore expect price declines after the election. Accordingly, some investors could shy away from taking risks into the weekend.
A damper for the European markets, meanwhile, came from the economic front in the morning: the corporate mood in the euro area surprisingly stagnated in February. The shopping manager index determined by S&P Global remained on 50.2 points and thus only just above the expansion threshold. However, economists had expected the third increase in a row.
The fresh data signaled that the current euphoria on the European financial market is not underly supported by an increasing economic dynamic, said Johannes Mayr, chief economist at the asset manager Eyb & Wallwitz.
In Germany there was a mixed picture: the mood indicator sank in the field of services, but still indicated growth. The indicator of industry, on the other hand, gave a greater way – experts see it a tender hope signal.
Meanwhile, a slight counter -reaction on yesterday's course losses are emerging on Wall Street, the big indices are likely to start in the last trading day of the week. The future on the leading index Dow Jones Industrial Average is currently 0.1 percent up, and the future also attracts a bit on the technology -heavy NASDAQ 100.
The euro is $ 1.0471 at lunchtime. According to expert Ralf Umlauf from Landesbank Helaba, the shopping manager indices published today have “not reduced” the expectations of further interest rate cuts by the European Central Bank (ECB).
Gold lists 0.3 percent lower at $ 2,932 per troy ounce at noon. The day before, the yellow precious metal had set up a new historical record at $ 2,955. Gold had recently benefited from his reputation as a “safe port”, but also fears of possible trump tariffs on raw material imports – including gold bars – drove the price.
Oil prices have expanded their early losses. The price for the crude oil variety from the North Sea currently falls by 1.0 percent to $ 75.73 per barrel (159 liters). The investors hope for a solid demand thanks to falling stocks of gasoline and distillation in the USA.
In the DAX, the Airbus share books further losses. The US analysis house Jefferies has deleted its purchase recommendation for the title and reduced the price target from 190 to 180 euros. Expert Chloe Lemarie advises investors after the solid quarterly report to wait for an attractive production dynamics of the aircraft manufacturer. Because that will depend on the mood in the upcoming quarters.
The car manufacturer Mercedes-Benz sells his work in the Argentine Virrey del Pino. A group of investors around the Argentine entrepreneur Pablo Peralta takes over the factory southwest of Buenos Aires. No information was given about the sales price. The work in Argentina was founded in 1951 and is the oldest factory of the Mercedes-Benz Group outside of Germany.
Audi boss Gernot Döllner called for better framework conditions for the car industry a few days before the federal election. He shares the view of Volkswagen Finanz chief Arno Antlitz that there is structural deficits and action in Europe, tightened at the Germany location, said Döllner in a Reuters interview. Political and social rethinking, from energy prices to labor productivity, is necessary.
Shares of ProSiebenSat.1 lift for media reports to a possible takeover offer. The papers rise by 10.1 percent to 5.92 euros. According to several Italian newspapers, the Group is planning to submit an offer after the German elections on Sunday.
The investor CE Capital has ended talks about a possible takeover of the Thyssenkrupp Steel participation Hüttenwerke Krupp Mannesmann (HKM). Thyssenkrupp is open to other prospective buyers, HKM said. Thyssenkrupp wants to sell his participation in the company with around 3,000 employees. If this does not succeed, HKM will be closed.
Deutsche Beteiligungs AG (DBAG) wants to start a new one just a few days after the end of the last share buyback program. Within a year, up to 20 million euros should be spent on this. A maximum of 800,000 own shares are to be purchased, which corresponds to about 4.25 percent of the group's current share capital.
According to a media report, the troubled Japanese car manufacturer Nissan is trying to start the US-E-car maker Tesla. The Financial Times reported that a group of Nissan managers had developed a plan to win Tesla as a “strategic investor”. The course of Nissan on the Stock Exchange in Tokyo rose strongly at the end of the week.
The demand for medical gases delivered the linden rival Air Liquide in the last year. The French group also benefited from a savings program. The surplus of the company in the EuroStoxx 50, which was attributable to the shareholder, rose by 7.4 percent to 3.3 billion euros. The dividend is expected to increase from 2.90 to 3.30 euros per share.
After the dramatic crash landing in Toronto, the Delta airline offers passengers $ 30,000. According to reports from the New York Times and the broadcaster NBC, the company confirmed this. The payment is not linked to any conditions and does not affect any further claims, a company spokesman said. The examinations of the cause of the accident are on the meantime.
The US pharmaceutical company Pfizer ends the global development of his gene therapy Beqvez to treat blood disease hemophilia. The reason for the step is too little demand for patients and their doctors, Pfizer said yesterday. BEQVEZ was approved in the USA last year for the treatment of adults with medium to severe hemophilia B.
The developer of the AI Chatbots Chatgpt, Openai, has reported a strong increase in the number of users of his offers. The number of weekly users has increased by 33 percent to around 400 million since December, the company said. The number of paying corporate customers has also doubled to two million since September.
With information from Angela Göpfert, ARD finance editor.
