Interest rate rise in view: DAX back above 14,000?


Market report

Status: 02/23/2021 7:43 a.m.

 The  German standard values ​​are likely to start the new trading day stronger. This time they are not orienting themselves on the US technology stocks on the Nasdaq.

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

Trading on the US stock markets was mixed at the beginning of the week. © The  Dow Jones Industrial Average gained 0.1 percent to 31,521 points and reached a new record high during trading. ©

 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.

© The  yield on ten-year US Treasuries climbed to 1.362 percent. At 1.394 percent, it temporarily reached its highest level in about a year.

“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  reporting season is picking up speed on the German stock market. © The  health care group Fresenius posted a profit decline of three percent to almost 1.8 billion euros last year. ©

 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  building materials group HeidelbergCement increased its operating profit by around six percent last year. ©

 The  company did a little better than analysts expected. On a comparable basis, sales fell by 4.6 percent to 17.6 billion euros. ©

 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

© The  plastics group Covestro made 14 percent less sales and earned 17 percent less last year. For the current year, the DAX Group is forecasting results above the level before the pandemic.

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