MARKETS EUROPE / Little change – M&A carousel keeps turning | 12/18/20

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FRANKFURT (Dow Jones) – Europe’s stock exchanges continued to show small profits on Friday afternoon. A better ifo index does not place any major emphasis. The index rose to 92.1 points in December, while analysts had expected a decline to 90.5. According to the most recent, very strong purchasing managers’ indices, positive data appear to have already been largely priced in. The great decline in futures and options on stock market indices and stocks has been very calm so far.

The DAX gains 0.1 percent to 13,686 points. The daily high of 13,774 points was only a few points below the all-time high of 13,795 points. The Euro-Stoxx-50, on the other hand, loses 0.1 percent to 3,558 points. The overarching issues of Corona and Brexit negotiations have remained the same.

The Ifo index for December makes the DWS experts confident. “Overall, the mood in the German economy has developed much better than expected,” says Martin Moryson, DWS’s chief economist for Europe. “The outlook is surprisingly optimistic too”. Business expectations in both retail and manufacturing are well above pre-crisis levels. The production downtimes that have occurred since the outbreak of the crisis apparently led to a considerable amount of catching up to be done.

1 & 1 Drillisch supported by expert reports

1 & 1 Drillisch benefit from another favorable report in the dispute with Telefonica Germany and gain 5.0 percent. After that, Telefonica Deutschland’s price increases were unjustified. Further reports are still pending here. The price of the 1 & 1 parent United Internet is also increasing by 5.1 percent. Telefonica Deutschland show themselves unencumbered and rise by 1.0 percent.

The CD Projekt share is down 13.5 percent in Warsaw after Sony Interactive Entertainment has taken the digital version of “Cyberpunk 2077” out of sale in the Playstation store for the time being due to quality defects. Cyberpunk 2077 is an open-world action role-playing game from the development studio CD Projekt, which has been eagerly awaited by the gamer community worldwide. The two companies have agreed that the previous buyers will receive the purchase price back in full.

Acquisitions are the focus in Europe. According to retailers, the zero interest rate continues to fuel such activities. The Dutch company Philips buys the US company Biotelemetry and puts 2.8 billion dollars on the table. Philips increase by 2.5 percent.

In Milan, Enel gain 0.2 percent. Here the sale of the stake in Open Fiber could flush up to 2.65 billion euros into the coffers of the Italian energy supplier.

Vivendi wants to sell further UMG shares

The media giant Vivendi plans to sell another 10 percent stake in Universal Music Group to a consortium led by China’s Tencent for around 3 billion euros. Vivendi tighten by 2.2 percent. What the analysts at Citi do not like is that the money should not go to the shareholders, but rather flow into business areas such as book and magazine publishing or travel retail.

For Wienerberger it’s up by 4.0 percent. The acquisition of Meridian Brick in the USA is viewed positively by stockbrokers. The company operates 19 brick plants, one concrete brick plant and 29 distribution centers in the southern United States and Canada. Wienerberger is strengthening its US business with the acquisition.

With the big decline, the focus is again on index changes. There are seven new entrants to the SDAX and, accordingly, seven relegated members. Flatexdegiro, Hensoldt, Home24, Westwing, Verbio, Grenke and Elringklinger are new to the SDAX. In addition, the Siemens Energy share starts in the MDAX. To do this, Grenke must make their way into the SDAX. Siemens Energy is 1 percent up.

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Last stock index +/-% absolute +/-% YTD

Euro-Stoxx-50 3,558.09 -0.08 -2.78 -4.99

Stoxx-50 3.103,38 -0,11 -3,57 -8,81

DAX 13.685,74 0,14 18,49 3,30

MDAX 30,441.40 0.78 236.23 7.52

TecDAX 3.201,11 1,20 37,87 6,17

SDAX 14.530,39 0,02 2,46 16,13

FTSE 6,551.27 0.00 0.21 -13.14

CAC 5.540.77 -0.16 -8.69 -7.31

Bond market recently in absolute terms +/- YTD

German Ten-year return -0.58 0.00 -0.82

US-Zehnjahresrendite 0,93 -0,01 -1,75

Forex last +/-% Fri, 8:48 am Thu, 5:04 pm% YTD

EUR/USD 1,2248 -0,16% 1,2254 1,2243 +9,2%

EUR/JPY 126,56 +0,05% 126,68 126,22 +3,8%

EUR/CHF 1,0839 -0,07% 1,0836 1,0833 -0,2%

EUR/GBP 0,9070 +0,45% 0,9051 0,9008 +7,2%

USD/JPY 103,33 +0,20% 103,37 103,09 -5,0%

GBP/USD 1,3503 -0,62% 1,3538 1,3591 +1,9%

USD/CNH (Offshore) 6,5170 +0,04% 6,5264 6,5165 -6,5%

Bitcoin

BTC / USD 22,620.75 -1.53% 23,048.20 23,266.00 + 213.7%

ROHÖL last VT-Settl. +/-% +/- USD% YTD

WTI/Nymex 48,89 48,36 +1,1% 0,53 -12,7%

Brent/ICE 51,87 51,50 +0,7% 0,37 -14,3%

METALS last previous day +/-% +/- USD% YTD

Gold (Spot) 1.885,42 1.885,60 -0,0% -0,19 +24,3%

Silver (spot) 25.91 26.13 -0.8% -0.22 + 45.2%

Platinum (Spot) 1.039.98 1.049.00 -0.9% -9.03 + 7.8%

Kupfer-Future 3,62 3,60 +0,6% +0,02 +28,0%

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Contact the author: [email protected]

DJG/mpt/ros

(END) Dow Jones Newswires

December 18, 2020 09:54 ET (14:54 GMT)



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