Dax falls shortly after the start of negotiations

"The stock exchanges are now being wait-and-see," said Thomas Altmann, market observer, QC Partners. Whether after last week's earnings "there is still a lot to see". Christian Schmidt of the Landesbank Helaba referred to the "uninspiring" requirements abroad.

"Quite quickly, disappointment has appeared at the Frankfurt Stock Exchange," said Christian Brokerhaus badyst Eric Henke. "The current problems have not evaporated." Investors worry about the ongoing trade dispute between China and the United States, Italy's debt problems and the uncertainty surrounding the UK's exit from the EU.

Investors will focus on a traditional Italian bank Friday: Monte dei Paschi of Siena will present its figures over nine months. A year ago, after lengthy exchanges with the European Commission, Monte dei Paschi was saved by the Italian state with 6.9 billion euros of bankruptcy. Then the new government came with its anti-European course and sent the bank's stock in a downhill. Nevertheless, the bank has not worked well so far this year. In June, the government of Rome must present a plan for the return to the market.

Investors should also look closely at US producer prices over the course of the day to see signs of the Fed's future monetary policy. In addition, data from the University of Michigan to consumer confidence. Consumption in the United States accounts for two-thirds of the economy.

Look at the individual values

ThyssenKrupp: The shares of ThyssenKrupp are bogged down, they fell by 6.5%. Surprisingly, the Group has reduced its forecast for 2017/2018 (at the end of September) due to impending anti-trust sanctions.

Eon: Even the Eon titles resulted in a 2.4% loss on the losing side of the Dax at the top. Investors fear the group's problems in the UK market, according to traders. The German green energy company Innogy has to renegotiate with the British competitor SSE due to the deterioration of the market environment, the proposed joint venture.

Alliance: Shares of the Munich group rose by around 0.7%. The insurance company is committed, after nine months, to an operating profit of more than eleven billion euros and met the expectations of badysts. The alliance has confirmed once again: the Munich insurer is one of the highest-paid companies in Germany.

This year, the insurer has benefited from the fact that claims related to natural disasters are much smaller than the summer of 2017 since the end of the summer. Analysts expect the average earnings per share between July and September to be 25% higher than the same period last year.

Overseas specifications

The fear of a worsening trade dispute between the United States and China weighed on Friday on the Tokyo Stock Exchange. Asian investors are focusing on fears of a long-term customs dispute between the world's two largest economies, said Norihiro Fujito investment strategist of Mitsubishi broker UFJ Morgan Stanley Securities.

Nikkei, a leader in the top 225 titles, lost about 1% to 22,268 points in the early afternoon. The larger Topix yielded 0.4% to 1674 points. The prospect of further rate hikes in the United States also weighed on confidence. The euro fell slightly to 1.1345 dollar. For the Japanese currency, the US currency is maintained at 113.89 yen.

US investors were mostly darkened or cashiers Thursday after yesterday's earnings. The relief after the end of the US elections has fizzled. The closed Dow Jones barely changed to 26.191 points. The broad S & P 500 fell 0.2% to 2806 meters. The Nasdaq technology exchange index fell 0.5% to 7530 points.

What does the cartography say

From the point of view of the technical badysts, two brands currently play an important role in the Dax chart: 11,800 in the high end and around 11,400 in the low end. The leading brand has been a major supporter for about a year and a half and has become a major drag on last month's break – and should not be easy to overcome. Many technical badysts also badume this.

Joachim Goldberg, an economist specializing in behavior, also sees him with skepticism. "On the one hand, it must be badumed that a possible new rise in the stock market barometer (around 11,800?) Will prevent more and more profit-taking," he wrote Wednesday, while the Dax was trading at about 11,600 meters.

For the sentiment specialist, it is more serious to say that "in the event of major setbacks (such as 11,400 quotation marks), much of the domestic demand may now fail", as this figure is already saturated. "The question of whether it is only foreign interests for the purchase of the Dax will come to the help, however, seems debatable," he added.

For the charter experts of the HSBC Düsseldorfer Bank, he says: "Going below the last low of 11437 points should let the recovery rally dry up". Then, the lowest of the previous year, 11,051 points, will be again perceived by investors.

Analyst Verification: Goldman Sachs Remains On Adidas Purchase Recommendation

The US bank JPMorgan has reduced LafargeHolcim from neutral to overweight and raised its price target from 50 to 55 francs. The third quarter should be a turning point for the building materials maker, badyst Elodie Rall wrote in a study released Friday. There is now a potential for increasing profit estimates. Add to that the prospect of a significant increase in your cash flow.

You will find further badysis in the badyst's check Handelsblatt.

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