NAfter two strong trading days, investors on the German stock market came back on the brakes. The finance ministers of the European Union were unable to agree on a € 500 billion corona aid package on Wednesday after 16 hours of negotiations. Instead, they adjourned to Thursday. That burdened the courses.
At the close, the Dax declined 0.2 percent to 10,332 points. However, he limited previous higher losses thanks to good guidelines from the American stock exchanges. The leading German index had recovered by almost nine percent in the past two days. The M-Dax of the medium-sized market stocks rose by 0.7 percent to 21,704 points on Wednesday.
Investors are still watching the spread of the corona virus and the economic consequences. “There is light at the end of the tunnel in New York, but other parts of the United States are under threat,” said equity strategist Simon Powell of the American bank Jefferies.
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April 7, 2020, 5:45 p.m.
Security type: index
Lang & SchwarzXetraCitigroupBNP Paribas
|DT. BANK||6.21||+ 5.40%|
|LINDE PLC EO 0.001||168.45||+5.12%|
|DT. STOCK EXCHANGE||131.40||-1.17%|
|DT. POST OFFICE||25.90||+0.04%|
|Closing the day before||10,075.17|
|52 week high||13,795.20|
|52 week low||8,255.65|
|All time high||13,795.20|
|All time low||316.62|
Securities in the DAX ® (30)
|Surname||ISIN||52 weeks comp.
|ADIDAS||DE000A1EWWW0||1 million||+ 3.90%||April 7||207.90|
|ALLIANCE||DE0008404005||3 million||+ 2.70%||April 7||162.64|
|BASF||DE000BASF111||7 million||+4.16%||April 7||46.06|
|BAYER||DE000BAY0017||4 million||+2.69%||April 7||57.29|
|BEIERSDORF||DE0005200000||608 thousand||+ 0.98%||April 7||90.92|
|BMW ST||DE0005190003||3 million||+2.38%||April 7||49.71|
|CONTINENTAL||DE0005439004||1 million||+4.69%||April 7||69.70|
|COVESTRO AG O.N.||DE0006062144||2 million||+ 4.30%||April 7||29.10|
|DAIMLER||DE0007100000||8 million||+ 2.91%||April 7||28.14|
|DT. BANK||DE0005140008||25 million||+ 5.40%||April 7||6.20|
|DT. STOCK EXCHANGE||DE0005810055||849 thousand||-1.17%||April 7||131.40|
|DT. POST OFFICE||DE0005552004||5 million||+0.04%||April 7||25.90|
|DT. TELECOM||DE0005557508||15 million||+1.64%||April 7||12.38|
|E.ON||DE000ENAG999||14 million||+0.11%||April 7||8.76|
|FMC||DE0005785802||853 thousand||+2.11%||April 7||62.92|
|FRESENIUS||DE0005785604||3 million||+0.78%||April 7||37.41|
|HEID. CEMENT||DE0006047004||2 million||+4.77%||April 7||41.92|
|Henkel VZ||DE0006048432||978 thousand||+ 3.95%||April 7||76.78|
|INFINEON||DE0006231004||14 million||+5.23%||April 7||14.88|
|LINDE PLC EO 0.001||IE00BZ12WP82||2 million||+5.12%||April 7||168.45|
|LUFTHANSA||DE0008232125||14 million||+1.13%||April 7||8.75|
|MERCK||DE0006599905||829 thousand||+3.84%||April 7||96.84|
|MTU AERO||DE000A0D9PT0||1 million||+5.45%||April 7||124.90|
|MUNICH. BACK||DE0008430026||842 thousand||+3.41%||April 7||188.00|
|RWE ST||DE0007037129||4 million||+3.25%||April 7||24.13|
|SAP||DE0007164600||4 million||+2.25%||April 7||103.68|
|SIEMENS||DE0007236101||5 million||+3.02%||April 7||84.48|
|VOLKSWAGEN VZ||DE0007664039||2 million||+3.03%||April 7||116.38|
|VONOVIA||DE000A1ML7J1||2 million||+0.07%||April 7||44.74|
|WIRECARD||DE0007472060||2 million||+1.42%||April 7||110.10|
The data is provided by vwd Vereinigte Wirtschaftsdienste GmbH
The price data is displayed differently depending on the stock exchange, but at least 15 minutes later. BNP Paribas and Forex vwd provide real-time price data for their indications.
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In an expert report presented on Wednesday, leading economic research institutes expect the German gross domestic product to plunge by 4.2 percent this year. Economic output is expected to shrink particularly strongly in the second quarter by 9.8 percent. Then it should slowly go up again. The “economic practices” had previously assumed in a special report that the economy would decline by 2.8 percent in 2020.
Waiting for Opec meetings
Meanwhile, traders further hoped that “Opec +”, which includes other exporting countries such as Russia in addition to the members of the export cartel, will agree on a significant reduction in production volumes at their meeting on Thursday.
If the United States pulls together with the “Opec +”, even a relatively low throttling of ten million barrels a day could give the oil price a strong boost, predicts Naeem Aslam, chief market analyst of the brokerage firm AvaTrade. “Without the United States on board, even a 15 million barrel reduction would probably not raise the price by more than $ 40.” On Wednesday, Brent crude oil from the North Sea rose 0.7 percent to $ 32.09 a barrel (159 liters) .