The commercial real estate specialist sees itself on course for its annual targets announced in the summer.
The commercial real estate specialist sees itself on course for its annual targets announced in the summer.
The Continental papers rose at the top of the Dax by a good six percent. Analyst Gabriel Adler from the US bank Citigroup spoke of an attractive buying opportunity at the auto supplier. Conti was put into the pot of losers by investors. But this could change again now if the management shows its technological qualities and the robust tire business better.
The Deutz shares, on the other hand, fell by around ten percent, bottoming out in the SDax small cap index. The engine manufacturer had prepared its investors for a slower business recovery.
There was also a clear upward trend across Europe: the EuroStoxx 50, as the leading barometer for the Eurozone, posted a premium of 1.30 percent to 3507.98 points, the French Cac 40 and the British FTSE 100 recorded similarly strong gains. The New York Dow Jones Industrial broke the 30,000 mark for the first time in its history and was 1.6 percent higher at the close of European trading.
The euro fell. The European Central Bank set the reference rate at 1.1865 (Monday: 1.1901) US dollars. The dollar cost 0.8428 (0.8403) euros. The current yield on the bond market remained at minus 0.58 percent. The Rex bond index fell by 0.03 percent to 146.11 points. The Bund future fell 0.11 percent to 175.22 points./la/he— By Lutz Alexander, dpa-AFX —
FRANKFURT (dpa-AFX) – Despite strong guidelines from Wall Street, the German stock market should start only slightly changed in the middle of the week. On Tuesday, the leading US index, the Dow Jones Industrial, marked another record high, closing above the 30,000 mark for the first time.
From January 2021: These health insurances increase the additional contribution New resolution: Costs for courts and lawyers rise Judgment: Tennis instructor with a broken wrist is unable to work Due to sales ban: Manufacturers collect fireworks and firecrackers again Care for 10,000 children: Ikea opens second furniture store in India
Just under an hour before the start of Xetra trading on Wednesday, the X-Dax as an indicator for the leading index Dax indicates an increase of around 0.1 percent to 13,302 points. For the EuroStoxx 50 there is also an increase of around 0.1 percent.
« What the Dow has achieved is once again denied to the DAX, » said portfolio manager Thomas Altmann from QC Partners. « In the current rally, too, all attempts by the Dax to attack its all-time high from February have so far failed. » In the meantime, skepticism on the stock market is growing, and profit-taking tendencies are increasing, according to Altmann. « Valuations are now far from cheap, and fewer and fewer investors are willing to pay for these valuations. »
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Among the individual stocks, the shares of Aroundtown are likely to be the focus of investors on Wednesday. The commercial real estate specialist sees itself on course for its annual targets announced in the summer. The Aroundtown shares recently climbed 0.3 percent in the pre-trading session on the Tradegate trading platform compared to the Xetra close.argumentative essay topics for students
Deutsche Telekom shares gained 0.7 percent on Tradegate. Previously, the Swiss bank Credit Suisse had upgraded the T-share to « Outperform » and raised the price target to 20 euros. Analyst Jakob Bluestone was more optimistic about business in the US. But the other activities also have the potential for higher ratings.
MTU’s shares rose by 1.8 percent on Tradegate after the private bank Berenberg upgraded the engine manufacturer’s paper to « Buy » and raised the target price to 230 euros. Analyst Andrew Gollan pointed to the strong portfolio and good strategic positioning in the event of a recovery in the aviation industry.
The Thyssenkrupp stocks reacted on Tradegate with a plus of 3.3 percent to a positive analyst study. The experts at Deutsche Bank had issued a buy recommendation for the shares of the industrial group and raised the price target to 8 euros.
NEW YORK (dpa-AFX) – The US stock exchanges paid some tribute to their price rally since the beginning of November on Wednesday. The leading index Dow Jones Industrial recently lost 0.47 percent to 29,903.56 points after breaking the 30,000 point mark for the first time the day before. For the market-wide SP 500, which was only a few points short of a record on Tuesday, it went down by 0.30 percent to 3624.47 points. In contrast, the technology-heavy Nasdaq 100, which has recently weakened more frequently, achieved an increase of 0.30 percent to 12,115.86 points.
From January 2021: These health insurances increase the additional contribution New resolution: Costs for courts and lawyers rise Judgment: Tennis instructor with a broken wrist is unable to work Due to sales ban: Manufacturers collect fireworks and firecrackers again Care for 10,000 children: Ikea opens second furniture store in India
The upcoming holiday Thanksgiving (Thursday), on which Wall Street will not be traded, is also likely to be responsible for the reluctance among investors – and on Friday it will close its doors earlier than usual. That is why many stockbrokers use the holiday for a long weekend. Investors mostly keep a low profile beforehand.
On Wednesday, a whole flood of mixed economic data gave no clear direction. The fact that the Dow has risen by a good 13 percent or more than 3500 points since the beginning of the month alone speaks in favor of profit-taking. This is mainly thanks to good news about corona vaccines.
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Among the individual values, the electric and fuel cell car developer Nikola stood out in the middle of the week with a price slide of over eleven percent. Company boss Mark Russell was apparently unable to appease investor concerns that the automaker General Motors (GM) could back down when it actually entered the market – GM shares fell by almost two percent. In addition, some investors fear that the company’s founder and former boss Trevor Milton could sell off part of his extensive block of Nikola shares.
Otherwise, business figures in particular caused movement. At Gap, the shareholders had to cope with a price slump of almost 19 percent after quarterly figures. The clothing retailer’s sales were better than expected. But the sharp rise in marketing and sales costs resulted in a disappointing earnings trend. In addition, the value of the share has quadrupled in the past seven months.
Deere stocks fell 0.7 percent regardless of a good outlook. The agricultural machinery manufacturer was optimistic about the coming year. However, the share has already risen by 50 percent since the beginning of the year.
The fact that the computer company Dell did better than expected in the third quarter thanks to the Corona crisis did not help the well-performing stocks: They lost almost three percent, paying tribute to their increase of more than a third since the beginning of the year. Goldman analyst Rod Hall also referred to the cautious outlook for the final quarter and the uncertain general conditions for demand.
For the papers of the information technology company Hewlett Packard Enterprise, it went down by more than two percent despite the good numbers and the raised outlook after the recovery of the past few weeks.
In contrast, the shares of the PC and printer manufacturer HP Inc Inc made a plus of over three and a half percent. Its adjusted quarterly earnings per share (EPS) exceeded the consensus estimate.
NEW YORK (dpa-AFX) – Record mood on Wall Street: Thanks to Donald Trump’s growing insight into his election defeat, the Dow Jones Industrial jumped the 30,000 point mark for the first time on Tuesday. In the course of trading, the most famous American stock index even rose to over 30,100 points. At the final bell there was an increase of 1.54 percent to 30,046.24 meters.
From January 2021: These health insurances increase the additional contribution New resolution: Costs for courts and lawyers rise Judgment: Tennis instructor with a broken wrist is unable to work Due to sales ban: Manufacturers collect fireworks and firecrackers again Care for 10,000 children: Ikea opens second furniture store in India
The market-wide SP 500 ultimately gained 1.62 percent to 3635.41 points and thus approached its previous record of 3645 points, which was barely two weeks old. The technology stocks index Nasdaq 100, which was weak the day before, achieved a price increase of 1.46 percent to 12 079.81 points.
The transition between incumbent Trump’s administration and President-elect Joe Biden begins. Trump announced on Twitter that he had instructed the authorities and his employees to cooperate with Biden. Shortly beforehand, the responsible authority had classified GSA Biden as the obvious winner. This marks the end of a week-long stalemate for the leadership of the United States.
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This development « gave the market a nudge in the right direction, » wrote analyst Craig Erlam of the Oanda trading company. However, Trump’s long clinging to the office of president did not ultimately prove to be as stressful for the markets as previously feared. The question now arises whether, after the decision in this matter and in view of the hopeful news about corona vaccines, there are still price drivers for a rally at the end of the year « or whether investors would rather clean up their portfolios and take profits off the table, » he said Market expert.
Meanwhile, Tesla shares continued their record run: They rose almost six and a half percent to $ 555.38. This means that the manufacturer of electric vehicles is now worth over 500 billion dollars on the stock exchange for the first time. Company boss and major shareholder Elon Musk was particularly pleased about this: he overtook Microsoft co-founder Bill Gates in the billionaire ranking « Bloomberg Billionaires Index » and is now the second richest person in the world.
Airline shares continued to benefit from the hope that corona vaccines would soon be available: American Airlines, Delta Air Lines and United Airlines gained up to almost ten percent.
In contrast, the vaccine developers were left breathless after the latest price rally, despite some more good news. Moderna’s papers lost almost two and a half percent, although the US company has negotiated a framework agreement with the EU for the delivery of up to 160 million doses of its vaccine.
The EU Commission now has contracts with the manufacturers of all vaccines, which are given the best chance for rapid approval in the coming weeks. In addition to Moderna, these include the Mainz-based company Biontech with its US partner Pfizer and its British-Swedish industry colleague Astrazeneca, which cooperates with the University of Oxford. Promising test data had become known in the past few days for all three vaccines. Accordingly, all three vaccines are effective and well tolerated. Biontech’s shares, listed in New York, lost nearly four and a half percent on Tuesday, while Pfizer was moderately up.
Aside from the topic of Corona, there was price-moving company news. Boeing’s titles gained more than three percent after it became known that, following the re-registration of the unfortunate 737 Max in the USA, an end to the take-off ban in Europe was also imminent. The European aviation regulator EASA announced that the plan is to have the aircraft take off again in a few weeks.
The rising oil prices reached their highest level since March, which also gave the shares of the industry companies a boost: Chevron gained around five percent at the top of the Dow, while Exxon Mobil, which is no longer listed in the leading index, rose by over six and a half percent.
The shareholders of Best Buy meanwhile had to cope with a price loss of almost seven percent after the last good run. The electronics company once again presented surprisingly strong quarterly figures, but continues to shy away from making an annual forecast.
After another volatile trade, the euro was ultimately dominated by the buyers: In New York trading, the common currency last cost 1.1889 US dollars