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The Market Review in the Morning, compiled by Dow Jones Newswires.
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+++++ TAGESTHEMA I +++++
The new US ambbadador to Germany, Richard Grenell, has, according to a newspaper article, proposed to the managers of cars Germans a solution to impending criminal charges. At a secret meeting Wednesday at the US Embbady in Berlin, Grenell had informed CEOs that Washington was ready for a zero solution – so that Europe like the United States completely renounces to auto parts, writes the Handelsblatt. At the meeting, according to the report, among others, Daimler CEO Dieter Zetsche, CEO of BMW Harald Krger and VW boss Herbert Diess as well as leading automotive parts supplier bosses participated. In conversation, Grenell would have spoken of a "momentum" that should be used. Speakers from BMW, Daimler and Continental have not commented on the report. At VW, no one was available for comment on short notice. The offer is a turnaround in the trade dispute between Europe and the United States. According to already existing cases on steel and aluminum, the US president threatened the EU with new measures against cars and auto parts Donald Trump . The victims were mainly German manufacturers. Time is running out for cars. Trump wants to wait for the opinion of his Minister of Commerce, Wilbur Ross, on the effects of car sales, which should be ready by the end of July. After that, he could quickly become serious, the federal government is scared.
+++++ TAGESTHEMA II +++++
China appears ready for a rapid US $ 34 billion response to the US entry into the Middle East region. On Thursday, the Chinese Customs Bureau announced that it would introduce Chinese customs on United States products immediately after the entry into force of the United States. The authorities' announcement comes after the Chinese State Council said on Wednesday that it "would not fire the first blow in the trade battle with the United States". This has denied media reports that Chinese customs are expected to come into effect on Friday at midnight Chinese time. Due to jet lag, it would have taken hours before the US increased the price of their goods from China.
+++++ PERSPECTIVES COMPANY +++++
09:45 DE / Opel Automobile GmbH, PK with the Chairman of the Schfer-Klug Company Committee, Rsselsheim
DIVIDENDENBSCHLAG
2G Energy 0,42 EUR
Haemato 0,30 EUR
Mask.Bert.Hermle 15,05 EUR
Film Odeon 0,04 EUR
+++++ OUTLOOK ECONOMY +++++ [19659002] – DE
08:00 May
Seasonal Entry
PROSPECTS: + 1.1% YoY
Before: -2.5% YoY
– FRANCE
14:15 ADP Employment Report June
Employment Private Sector
FORECAST: +185,000 jobs
before: +178,000 jobs
14:30 Initials Unemployment (Week)
FORECAST: 225,000 [19659002] Before: 227,000
3:45 pm Director of Purchasing Index Service Markit June
(2nd Issue)
FORECAST: 56.5
1st version: 56.5 [19659002] before: 56.8 [1945908] 3] 16:00 ISM NonManufacturing Index June
FORECAST: 58.3 points
before: 58.6 points
17:00 Stock (week)
20:00 Fed, Trial of the FOMC meeting of 12/13. June
+++++ OUTLOOK INCENTIVES ON EUROPEAN OBLIGATIONS +++++
10:00 DE / Announcement of the details of the auction of bonds indexed on the I & # 39; inflation
July 10
10:30 ES / Bond auction of a total volume of 3.5 to 4.5 billion euros, [19659002] of which:
0.05% of bonds due January 2021
1.95% of bonds maturing July 2030
4.70% bonds maturing in July 2041
Auctions of 0.65% of inflation-indexed bonds at
Duration of November 2027 in the range of 0.5 to 1 billion dollars 39; euros [19659002] 10:50 FR / Bond auction with a total volume of EUR 7 to 8 billion,
of which:
bonds maturing 0.75 % november 2028
bonds at 1.50% with Duration May 2031
Bonds at 1.25% at maturity May 2034
11:30 HU / Auction 0,50% bonds due 2 April 021
of the amount of 20 billion HUF
Auctions 2.50 per cent of bonds due October 2024
for a volume of HUF 20 billion
Auctions 3.00 percent of bonds with Duration October 2027 [19659002] in the volume of 10 billion HUF
+++++ OVERVIEW INDICES +++++
INDEX Stand + / -%
S & P 500 Future 2.716.20 0, 11
Nikkei-225 21 477.06 -1.11
Shanghai Composite 2,731,23 -1,01
INDEX last + / -%
DAX 12,317.61 -0, 26
DAX Future 12 319.00 0.24
XDAX 12.333.73 0.24 (20 pm)
MDAX 25.664.07 -0.82
TecDAX 2.698.24 – 0, 26
EuroStoxx50 3,412.03 0.17
Stoxx50 3,057.76 0.23
Dow Jones 24,174.82-0.54 (3. July)
S & P 500 Index 2,713.22 -0.49 (July 3)
Nasdaq Comp. 7,502.67 -0,86 (3 July)
EUREX latest +/- ticks
Bund-Future 162,44 -28 (20 hours)
+++++ GENERAL REVIEW BOND MARKET ++ +++
BORROW Dates Current day YTD absolute
Germany 2 years -0.66 -0.66 -0.05
Germany 10 years 0.30 0.30 -0.13 [19659002] United States 2 years 2.53 2.53 0.64
United States 10 years 2.84 2.83 0.43
Japan 2 years -0.13 -0.14 0.00
Japan 10 years 0.03 0.03 -0.02
+++++ FINANCIAL MARKETS +++++
EUROPE
Outlook: With a cautious start Thursday traders are waiting for the European stock markets. Because after their holidays, US investors will return to the markets only from noon and bring new trends. This is on a calendar filled with important economic data on the agenda. Above all, however, the start of the penalty against China on Friday weighed in on the spotlight. China reiterated the previous day's intention to "counter" US action through countermeasures. In addition, the focus is on the report of the US labor market on Friday and as an indicator for this in the afternoon so much noticed ADP report. In addition, the ISM service index is one of the most important economic barometers for the US economy. In addition, the Federal Reserve will present its minutes of the last meeting.
Review: Without the impulses of Wall Street, which was closed on holidays, European stock markets ran out of ideas Wednesday. In addition, the ongoing trade dispute between the United States and the rest of the world has continued to depress sentiment. In this context, defensive actions such as utilities or telecoms were sought, up 0.6 and 1.8% on average. Technology stocks declined 1.3%. The industry is threatening to become one of the most important victims of the trade dispute, with cars. A Chinese court banned the US company Micron Technology until further notice on the sale of semiconductors and products in China, and decided in favor of a Taiwan company. At the river, this is considered a political signal. STMicro fell by 2.8% and Infineon by 1.9%. Not as bad as scared are the sales of the British supermarket chain Sainsbury failed. The share has increased by just under 3%. Press reports on potential interest in the South African subsidiary pushed Anglo American up 2.1%. The potential buyer should be Volcan Investments Ltd, the family trust of the founder of Vedanta Resources, Anil Agarwal.
DAX / MDAX / TECDAX
A little easier – fears that the new owner of Opel PSA could break the German automaker, dragging shares of auto suppliers such as Conti (- 0.5 percent), Hella (-1 percent) or Leoni (-2.4 percent). According to reports from the "World" of Paris, PSA plans to sell parts of the Rsselsheim research center. US sales figures for June showed a mixed picture with German automakers. While Volkswagen recorded a 5.7% increase in sales despite the diesel scandal, BMW sales stagnated almost. US sales of the Mercedes brand fell last month by 9.7%. Daimler rose by 0.6%, VW by 0.5% and BMW by 0.1%. Deutsche Pfandbriefbank reacted with gains of 0.9% to the forecast increase for the pre-tax result. Thyssenkrupp (+ 0.5%) benefited from a UBS buy recommendation. Meanwhile, Credit Suisse has lowered Fresenius Medical Care (FMC) to neutral. The share was down 4.1%. CTS Eventim lost 6.7% after two downgrades.
XETRA-NACHBRSE
Due to the US holiday, the subsequent trading of German shares Wednesday was very calm. Car values have been sought for the statement of a dealer. The participant highlighted media reports that the United States would completely waive import duties on EU cars if the EU did not pay for them. Daimler, BMW, Volkswagen and Porsche were each toned about 1 percent at night.
USA / WALL STREET (Tuesday, July 3)
(CONTINUED) Dow Jones Newswires
July 5, 2018 1:35 AM ET (05:35 GMT)
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