Tuesday , January 19 2021

After a short recovery, Dax turns again to a minus

DusseldorfThere is no gold fall on the stock market. Investors are probably the second flushing week ahead. Although Dax opened about half a percent higher. But in the first minutes of trading he lost relatively strong and was last recorded at 11,465 points 0.56 percent down. MDax also gave the last trading 0.5 percent below 24.069 points. TecDax has lost more than one percent.

"In general, the stock market is still waiting," said portfolio manager Thomas Altmann of the Frankfurt property manager QC Partners. Until none of the major problems are solved, he does not expect significant gains on the stock market. The concerns include a continuing trade dispute between China and the US, the debt problem in Italy and uncertainty about the planned exit from Britain from the EU.

Also on Wall Street, the last, especially the technological stock was the source. The US Federal Reserve left interest rates unchanged between 2.0 and 2.25 percent, but opened the door for further walks in December. It seeks to make more interesting bonds and other securities with fixed income from stock and mitigate the appetite of investor risk.

Investors in Asia have only cautiously deviated from cover early in the week. The index of the Japanese Nikkei index by 0.1 percent was 22.269 points, while the Topix index widened 0.1 percent. In China, the main indexes went up by about one percent.

The euro continued to fall on Monday, falling to $ 1.13. By contrast, oil prices have grown very sharply. On Friday it fell below $ 70. After the meeting of OPEC countries and other countries they produced, he again became strong again on Monday morning.

See individual values

SAP: For the US company, Qualtrics puts the largest software maker in Europe for $ 8 billion on the table. SAP announced late in Walldorf. With the most expensive acquisition in the company's history of the company, the SAP wants to continue to strengthen its position to maintain its brisk US salesforce and continue to attack it in its core business. Investors do not like that. The share of SAP was about four percent in the morning and was thus the loser of Dax.

Infineon: Germany's largest chip company has presented its figures for the fourth quarter and the entire fiscal year on Monday morning. Infineon has again become much more profitable in the fourth quarter. The operating margin, which is the most important control variance, rose from 18.3 to 19.5 percent. Dividends for the current financial year will again increase. It seems that the investor leaves no impression. At the beginning of trading, the shares traded more than two percent less.

Talanx: Just a month ago, New CEO of Hanover's Secured Talanx agreed with investors that the current year would be heavier than expected. Due to the accumulation of large and other losses to industrial customers, the Talanx insurer reduced its earnings forecast. Investors are therefore in favor of moderate numbers – but the new quarterly figures, which are the third largest German insurance group on Monday morning, suggest there is almost no symptoms of the crisis. This was also evident during the course. The share of SDax companies grew slightly on Monday morning.

What to draw

From the perspective of technical analysts, two brands are currently in the Dax's chart: At the top of the ladder of 11,800 points and at the bottom of the ladder of about 11,400 points. The best mark was important support for about a year and a half and it has become important retreats on last year's vacation – and should not be easily overcome. We also assume many technical analysts.

Economic behavior Joachim Goldberg also sees this with his skeptics. "On the one hand, it is to be assumed that further stock market barometers may increase (by 11,800?) More and more to prevent profit," he wrote last Wednesday when Dax was traded at around 11,600 meters.

For the opinion expert is more serious than "in the event of major failures (like 11,400 Dax counters) a large part of domestic demand is unlikely to succeed" because it is already saturated. "Whether or not the only interest in buying Daxa is to come to the aid, it seems that from today's perspective, however, is questionable."

For charter experts Düsseldorfer Bank HSBC says: "Skating below the latest low of 11437 points should allow recovery rally to finally run dry." Then investors will again see the last year's low of 11,051 points.

Analysts check: CFRA leaves Thyssenkrupp on hold

The CFRA Analytical House reduced the target price for Thyssenkrupp from 23 to 19 euros after a recent profit warning, but retained its rating. This is now another warning to the profit of this industrial group, analyst Wan Nurhayati stressed in a study available Friday. But she remains with her investment estimate. Potential immediate hopes for a simpler corporate structure as a result of the separation will be controlled by the Group's weaker looks.

Further analysis can be found in the analyst Handelsblatt analyst.

Click here for the Dax course page, here you can find the current tops and hips in Dax. Current short-term investor sales can be found in our short-term sales database.

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