Status: 02/23/2021 7:43 a.m.
According to calculations by banks and brokers, the indications on the DAX in pre-market trading are just over 14,000 points, which is almost half a percent higher than yesterday.
The re are no guidelines from Japan today. The re was no trading in Tokyo due to a public holiday. Bitcoin is under pressure in the morning. After the latest record hunt, the cryptocurrency temporarily fell below the $ 50,000 mark. On the foreign exchange market, the euro fluctuates around the $ 1.2170 mark.
Nasdaq weighs on rising interest rates
The broad S&P 500 index and the technology-heavy Nasdaq fell 0.7 percent to 3877 points and 2.4 percent to 13,541 points, respectively.
“Investors are preparing for a surge in inflation,” said Sam Stovall, chief investment strategist at CFRA research firm. High-growth stocks benefited from low interest rates, so rising financing costs made these companies less attractive. When inflation expectations suddenly picked up and interest rates rose, investors fled those stocks that had done best, said analyst Jochen Stanzl from broker CMC Markets, explaining the wave of profit-taking in the technology sector.
“Two factors are driving inflation,” said Naeem Aslam, chief market analyst at brokerage firm AvaTrade. The first is the ultra-loose monetary policy of the central banks and the second is the rising prices of raw materials, especially oil. In the morning, a barrel (159 liters) of North Sea Brent costs almost $ 67.
Fresenius increases the dividend
The reason was problems with the dialysis subsidiary FMC. In the current year, without taking into account the earnings development of FMC, the currency-adjusted consolidated earnings should grow in the mid to high single-digit percentage range, including FMC at least stable.
The shareholders should nevertheless receive a four-cent higher dividend of 88 cents per share.
HeidelbergCement with better results
The first lockdown in spring caused sales and turnover to collapse, which was not fully made up over the course of the year. HeidelbergCement sold less cement, aggregates and ready-mix concrete. For the current year, the management expects an upward trend in many markets, if there is no setback in the pandemic.
Covestro hopes for 2021