Tuesday 29 December 2020
Driving economic hopes
Dax is testing the way to the 14,000 mark
The hunt for records continues on the German stock market. The highs from the previous day are already wasted. Driven by the prospect of an upturn in the global economy, the Dax is targeting the next historic brand.
The German stock market is still pulling upwards. The records from the previous day have now been surpassed again. Thanks to the generally friendly environment, the leading index Dax, the MDax of medium-sized stocks and the secondary stocks index SDax are continuing to climb. At lunchtime, however, the courses come back a little. The Dax high is now at 13,908 points.
The leading German index Dax stands at noon with 0.3 percent plus at 13,826 points. After jumping over the 13,800 mark for the first time the day before, the 14,000 hurdle is now wobbling. The MDax listed 1.0 percent stronger at 30,949 positions. The TecDax gains 0.6 percent to 3231 positions. For the Euro-Stoxx-50 it's up 0.3 percent to 3587. The turnover on the stock market is extremely thin between the years. Tailwind is coming from the Asian stock exchanges, some of which were clearly positive.
In addition, the hope of an increase in economic aid in the USA is attracting further investors. For example, the US House of Representatives has passed a bill that will increase the benefit payment for many Americans from $ 600 to $ 2,000. This would add $ 460 billion to the package's volume of $ 900 billion. However, the Republican-controlled Senate has yet to approve the increase.
Build in the Dax SAP their price increase to 2.0 percent. The software manufacturer plans to list its subsidiary Qualtrics on the US stock exchange. The papers are to be offered for $ 20 to $ 24 each. In addition, place the two apartment titles German living and Vonovia to.
As expected, make notes easier Delivery Hero: After the strong applause for the South Korea deal, which investors rewarded with a double-digit price increase, some are now cashing in. For paper it is 1.4 percent down. Lose next to it Deutsche Bank. The banking sector was already weaker than the market as a whole the day before. Market participants referred to unanswered questions about the future financial relations between Brussels and London. All too Car values give in.
In the second row the soaring lasts from Lufthansa at. The price of paper is another 6.8 percent. Here the prospect of tourism picking up continues to fuel investor hopes. Also the airport operator Fraport increases. Among the losers are once more Commerzbank. You not only share the fate of the German industry leader, but also announced the previous day that there were high millions in the fourth quarter thanks to job cuts.
Cheers also on the Asian stock exchanges
On the stock exchanges in East Asia and Australia, the positive signs predominated. The stock markets followed Wall Street, where the indices hit record highs again. In Tokyo the jumped Nikkei 225 index to the highest level in 30 years. The index rose by 2.7 percent to 27,568 points. However, the Nikkei is still a long way from its record high of 38,916 points in December 1989. The prices of the individual values increased Sumitomo Dainippon Pharma by 16.5 percent. A subsidiary of the pharmaceutical company has agreed with the US giant Pfizer to jointly develop and market drugs for the treatment of – among other things – prostate cancer, which could bring in up to 4.2 billion dollars.
The South Korean Stock Exchange went 0.4 percent higher from trading. Celltrion gained a good ten percent. The biopharma company plans to apply for accelerated approval of a drug for the treatment of Covid-19 this week.
On the Australian stock exchange, which was closed at the beginning of the week due to a public holiday, the closed S & P / ASX-200 around 0.5 percent up. in the New Zealand Wellington it went up 1.6 percent to a record high. The lost in Shanghai Composite index on the other hand 0.5 percent.
The region was looking for shares in the electronics industry, which, according to information from trading, benefited from the improved sentiment due to the US economic stimulus package. The course of the South Korean LG Electronics rose by 5.6 percent, also supported by a positive analyst comment. Nomura sees LG benefit from the rapidly growing auto parts business. In Shenzhen, China, the network equipment manufacturer's share improved ZTE by ten percent. It was boosted by statements from a representative of the central government that the 5G expansion in China should be accelerated in 2021.
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