A cocktail of confounding factors: the autumn blues on the stock markets continues

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Saturday, November 10, 2018

There can be no question of a stock market fall in gold. Geopolitical brake pads, such as the trade dispute or the Brexit negotiations, are to blame. The focus this time, however, Italy. Brussels is waiting for a new budget bill. Does Rome deliver?

According to experts, investors are again in a dark week. "The current badtail of disruptive factors should continue to occupy the stock markets," said Thomas Metzger, head of badet management at Bankhaus Bauer. As long as one or two geopolitical blocks, such as the trade dispute or the Brexit negotiations, have not disappeared, the hanging will continue.

The Dax therefore risks not to exceed the mark of 11,500 points. Already during the old week, the index of the 30 largest German listed companies commuted around this level, week after week, added only 0.1%.

In addition, due to the many balance sheets expected for the new week, the mood should remain moderate. Many companies have cut their forecasts in recent days and have taken investors on the wrong foot – among other things ThyssenKrupp Shockwaves across the markets.

However, the reporting season is coming to an end and price pressure from sales and profit targets is declining, says Stefan De Schutter of Alpha Trading. "The question will be whether investors finally have a heart and are trying again to improve Dax's poor results this year over the last six weeks of the year." Since early 2018, the Dax has lost ten percent.

An uncertainty factor for investors has now been eliminated by the US congressional elections, said James Athey of Aberdeen's Standard Asset Manager. However, it will take some time for investors to fully understand the economic consequences of the political split in the United States. Democrats have won a majority in the House of Representatives, but in the Senate, US President Donald Trump's Republicans have triumphed. Well, the experts are scared Climbing in the commercial conflict,

Italy threatens criminal prosecution of the EU

The German economy is at the heart of the new week. DZ Bank badysts expect that expected Wednesday Gross Domestic Product Data (GDP) show that the economy took a break during the summer. "Economic output could even have dropped slightly between July and September," said economist Michael Holstein. Above all, the difficulties of the automotive industry as well as the weaknesses of the construction industry and retailers have had a negative impact. The European Commission has already lowered its GDP forecasts for 2018 and 2019.

Brussels authorities expect little growth for Italywho moans under a mountain of enormous debt. The country of southern Europe has until Tuesday to present a modified budget for the coming year, otherwise the EU criminal file would be threatened. The finance minister without party, Giovanni Tria, has confirmed during a parliamentary hearing that the main pillars of the budget will not be shaken.

In the books, we can see seven companies of the Dax group, as well as many companies of the second and third leagues. Infineon. Lanxess and Talanx do the service on Monday. Tuesday, among others Bavaria. Innogy. Uniper and the Aareal BankIn the middle of the week, put the Dax Merck. lime. RWE and Eon his figures. handle follows Thursday.

Impulses could also come from the financial sector. To the Euro Finance Week In Frankfurt, leading bankers, supervisors and politicians start an appointment Monday. Friday will be Mario Draghi, President of the ECB planned.

Source: n-tv.de