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Düsseldorf Earlier this week, political events – especially the meeting between Donald Trump and Russian President Vladimir Putin – determine the markets. In addition, many quarterly and economic data are published. In this context, investment dealers leave caution first. Around noon, the Dax displays a moderately positive result with a more than 0.2% and 12.561 points.
Also in the second round, he is rather calm. The MDax gained 0.3% to 26,481 points at noon. The technology index TecDax also rose 0.3% to 2830 points
On the foreign exchange market, the euro recorded a slight rise against the dollar . More recently, the common currency cost $ 1.17, or 0.2% more than the previous trading day
What is important Monday
Trump-Putin Summit – Ruble on the rise: [19459006PresidentTrumpRussianPresidentVladimirPutininHelsinkiFinlandThetwounitetheiraversiontoEuropeanddiplomatsfearthatTrumpmaymakeconcessionstoPutinthataredetrimentaltotheUnitedStatesInvestorsarehopingforanimprovementintherelationsbetweenthetwopowersandarecoveredwithrublesForexampletheeuroandthedollarlostboth07percentto6212and7261rublesagainsttheRussiannationalcurrency
From a diplomatic point of view, the meeting is controversial: the US president sought to weaken the EU, "if not to demolish it," said former US diplomat Nicholas Burns in an interview at Handelsblatt. He fears that Trump may offer Putin the renunciation of NATO maneuvers in the Baltic states.
More on Trump and Putin:
EU-China Summit: In Beijing, European and Chinese leaders meet. Donald Tusk and Jean – Claude Juncker and Chinese Premier Li Keqiang will be in the spotlight, as will the trade dispute between China and the EU with US President Trump, as well as the issue of US trade. investment protection agreement between China and the EU.
Because this always applies: Chinese companies like to go shopping in Europe. Chinese companies have already spent $ 15 billion on European acquisitions and holdings this year, including $ 10 billion in Germany, according to a study by consulting firm EY.
Brussels publishes the balance sheet of the euro area: As a result, the surplus of EU countries in trade of goods with the United States has increased significantly . From January to May, it climbed in a year from about 14% to 54.8 billion euros. Exports to the United States rose 2.1% to more than 163 billion euros, imports from the United States dropped to about 108 billion euros.
Even more economic data: Economic figures in the home of investors. For example, retail sales for June and the Empire State Index, which measures manufacturing activity in the United States, are published.
These individual shares are in point
Deutsche Bank publishes preliminary quarterly results: Planned for the second quarter of 2018 it declared a profit before tax of about 700 million euros and a after – tax profit of about 400 million euros, reported Deutsche Bank ad hoc. For the first half of the year, the bank expects a pre-tax profit of about 1.15 billion euros. The results are significantly above the consensus of badysts' estimates – which is the reason for the pre-release. On average, badysts' estimates for pre-tax income amounted to 321 million euros and 159 million euros after tax.
In the middle of the day, the title of the financial house gained more than eight percent and was quoted at 10.34 euros per share last May. However, the most recent jump in the price of the stock should not be overestimated for the year. Since the 1st of January, the share of Deutsche Bank has lost nearly 40% in value
More on Deutsche Bank
Thyssen-Krupp does not rest: Nach Le Group CEO Heinrich Hiesinger's departure is increasingly focused on the role of the Krupp Foundation and its chairman, Ursula Gather, who would have discussed with the majority shareholder of the Finnish manufacturer of Kone lifts, Herlin, the fusion of divisions. However, Hiesinger has turned against the considerations.
Meanwhile, investors calmly react to the news. On Monday morning, Thyssen's stock recorded a good 0.2% increase in the gross dividend
Deutsche Telekom renounces a major order: According to a report from the "Wirtschaftswoche", T- Systems gave up RWE. These contracts were now part of unprofitable activities that the new boss of T-Systems, Al-Saleh, wanted to end his activities. Although started in the most, the Telekom stock at noon with a loss of 0.7 percent of the biggest losers in the Dax.
Goldman Sachs will soon get a new boss: According to a report by the "New York Times", the big bank will soon determine the successor to group CEO Lloyd Blankfein. senior executive David Solomon, who acts as president of the bank
Bank of America publishes quarterly figures: Major US banks lead the quarterly season JP Morgan, Citgroup and Wells Fargo have started Friday, it will be the turn of Bank of America.The financial institution has already recorded a record profit in the first quarter, thanks in part to the Trump tax reform.The profits jumped 30% to 6.9 billion dollars.
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