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Stock Exchange
Dax exceeds 12,700 points, above all required car values
The day before, the Dax had closed in the red. Thanks to good Asian regulations and the balance sheets of decent companies in the technology and banking sectors, German equities are stimulated. The Dax starts in the Plus.
Positive quarterly figures from some European companies as well as Chinese economic hopes boosted the German stock market on Tuesday. The Dax stock chart has seen its earnings increase significantly in recent weeks, rising 1.57% to its highest point of the day at 12.746 points.
The Dax Received Shares of Automobile Manufacturers BMW Chart of the Stock Market Showing Daimler Chart of the Stock Market Showing Volkswagen Stock Market Graph Showing Figures quarterly results of the French PSA Group between 2.4 and 3.4 Percentage too. Deutsche Bank also said in a market commentary that the stock markets were supportive of the stock markets thanks to the prospect of accommodative monetary policy in China in the second half of the year
. Tuesday up 1.25% to 26,857.35 points. The stock index of technology TecDax stock market climbed 1.25% to 2922.27 points. The stock chart EuroStoxx 50 as the leading index of the euro area showed a rise of about 1%.
From the point of view of industry, bank securities were in demand apart from automobile stocks. The shares of financial houses took advantage of the strong quarterly figures of the large Swiss bank UBS stock chart. Thus, the shares of the stock market chart Commerzbank show 3.3 percent. Deutsche Bank Shares Stock market graph up 0.8%. UBS shares gained 3.6%
Dax Realtime: See Dax, Dow Jones and other real-time indices
Among the individual values the stock charts of ProSiebenSat.1 show with a more than 3% of the most important actions of MDax. They have benefited from an optimistic commentary by analysts. JPMorgan's expert, Daniel Kerven, spoke of an "enticing note". He sees it as one of his "key choices" and sees a potential upside of nearly 100%. The stock had now fallen by more than half its record at the end of 2015.
Dürr show that the stock market chart fell to an analyst study at 36.50 euros, the lowest level in 18 months. Recently, the automotive supplier's papers were exchanged as a 2 percent MDax taillight lower at 37.76 euros. The house Kepler Cheuvreux analysis had lowered the price target from 64 to 55 euros. The analyst Hans-Joachim Heimbürger expects very weak quarterly figures and has reduced his forecasts for 2018.
The title of Wirecard reached a new record at 164.50 euros and so impressively supported the ambitions an ascent to the Dax. Recently, the paperwork of the payment service provider increased by 1.4% to 161.70 euros.
The shares of Klöckner & Co. stock chart showed their interim price gains of up to 3.4 percent on Tuesday morning almost completely new. Before the stock market and also early in the session, an optimistic forecast of the steelmaker's profits for the current third quarter further supported the price. However, UBS analysts pointed out that good results were only due to punitive tariffs on steel imports. This would have pushed up steel prices in the US market. But it is unlikely to be reproducible.
The euro weakens on its interest rate decision Thursday
The price of the stock market Euro fell slightly on Tuesday. Germany's robust economic data could only stimulate the single currency in the meantime. At noon, the price was $ 1,1683, which was slightly lower than the level of the previous evening. The European Central Bank (ECB) set the benchmark rate at 1.1716 on Monday (Friday: 1.1670).
Market watchers have spoken of a continuous counter-movement movement on the forex market. On Friday, US President Donald Trump lobbied the dollar on all major currencies by subjecting currency handling charges to China and the European Union (EU). Experts considered the market reaction to be excessive. More recently, Trump has reaffirmed its firm stance in the trade dispute.
German industry experienced a strong surge, which propelled the euro to its highest level of $ 1,170 per day. However, the Eurozone services sector data subsequently published disappointed and put pressure on prices
. Investor attention is now focused on the ECB's decision on interest rates this Thursday. Analysts expect the monetary authorities to maintain their exit from the bond purchase program announced in June. The focus will be on whether the ECB will clarify its prior information at the time of rising interest rates.
Yuan and Lira continue under pressure
Meanwhile, China remains under pressure, the lowest level in more than a year to 6.8290 yuan for every dollar. Due to the trade dispute with the United States, the Chinese currency has been under considerable pressure for some time. A spokesman for the Chinese Foreign Ministry recently said in response to Trump's manipulation allegations that the market was fixing the yuan rate.
This week, Beijing also adopted a package of measures to boost demand in the country, easing the impact of the trade dispute. "While the State Council continues to engage in debt reduction, the market believes that further easing is inevitable, which is negative for the yuan," commented Hao Zhou, Commerzbank expert.
The Turkish lira was put under pressure after yesterday's gains and lost about half a percent of its value against the dollar. Later in the day, a decision on the interest rates of the Turkish central bank is pending. In a context of rampant inflation, the market is expected to raise interest rates by 1.0 percentage point to 18.75%. However, the Turkish President, Recep Tayyip Erdogan, has recently vehemently opposed the rise in interest rates.
Lower oil prices
Oil prices fell Tuesday early in the session. A barrel (159 liters) of the North Sea Brent stock market chart for delivery last September cost $ 72.93. It was 13 cents less than Monday. The price of West Texas Intermediate (WTI) oil fell 15 cents to $ 67.74
Oil prices had given way the night before, mutual threats between Iran and the United States having created uncertainty. at. Iranian President Hassan Ruhani has threatened to block the oil export routes into the Persian Gulf. US President Donald Trump responded with martial words. On the other hand, according to traders, fears of escalating trade conflict between major industrialized countries have slowed oil prices.
In the following day, investors will keep an eye on API private institute figures for crude oil stocks. They serve as a preliminary indicator for official figures, which will be released Wednesday. However, API numbers often differ from official data
News Agencies
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