FRANKFURT (DEUTSCHE-BOERSE AG) – The reluctance of the past week has evaporated, things are going up again
on the stock exchanges. However, many analysts warn. Even the demand for gold
as a crisis currency does not signal anything good.
July 13, 2020. FRANKFURT (Frankfurt Stock Exchange). The stock markets shake again
Dramatic corona reports are easy: The DAX is included on Monday morning
12,750 points just under 1 percent in plus – and is again approaching his
After Corona high of 12,844 points. One reason is the good specifications from the
USA: The Dow Jones was at a record high on Friday despite new corona infections
climbed again above the 26,000 mark. The Nasdaq 100 reached
again a new all-time high. A recent study by the US pharmaceutical company
Gilead on positive effects of Remdesivir on the
The course of the disease in corona infected people led to optimism.
Warning signals are now coming from the crisis currency gold: the gold price
reached the mark of. on Friday for the first time in nine years
$ 1,800 a troy ounce, on Monday morning the price is $ 1,806
Dollar.
“Political tensions between the USA and China are increasing”
Christian Apelt from Helaba also points out that the world is last
was not exactly showered with positive news: “The Corona Pandemic
takes its course, the number of new infections confirmed worldwide
a new high. The political tensions between the United States and China
are getting bigger, “explains the analyst
Business indicators show the positive signs, but what after
unprecedented break-in is no wonder. “Do bad on the stock market
News apparently little – so far. “
“Monetary policy compensates for negative factors “
According to Andreas Hürkamp from Commerzbank, the has been extremely expansive
Monetary policy and the wave of liquidity triggered by it an important
Bull trend all encumbrance factors like slumping profits and that
already high P / E ratio more than compensated and the stock markets pushed up.
But that will not continue: “After the impressive rally in
second quarter we expect a sideways trend in the coming weeks
which the DAX should be mostly between 11,500 and 12,800. “
Chart technique: price on 12,916 points
Technically, things are looking good: DZ Bank is interested in selling
According to Friday, it dropped sharply. The bullish trend is likely in the new
Stock market week in a new trend push towards the upper Bollinger band
at about 12,790 points (resistance 1). The cops defended them
relative strength sustainable, is an expansion of the next few days
Bollinger bands imaginable. “This expansion could change the course
again up to the local maximum of June 8th at 12,916 points (resistance 2)
let tend. “
In the new trading week there are above all important economic data from the USA
and the US accounting season begins: big banks like the Bank of America,
Citigroup and JP Morgan are the first, followed by numerous others
Companies like Microsoft and Netflix.
Important economic and economic data
Tuesday July 14th
9 a.m. Frankfurt: IPO of Brockhaus Capital Management AG. Live on
boerse-frankfurt.de.
11 a.m. Germany: ZEW economic expectations. The economic expectations
DekaBank believes that it should have received a damper in July. For this
primarily carry global infection numbers with corona and in particular
the escalating situation in the US. In addition, the economic recovery
has so far failed to meet expectations.
Wednesday July 15th
3.15 p.m. USA: June industrial production. According to the
Commerzbank produced 3 percent more in June than in May because of the
Oil collapse and the impact on the important oil industry and its
However, suppliers are still 13 percent less than in February.
Thursday July 16
4.00 a.m. China: GDP second quarter. The economy of China has changed after that
Corona-related slump has recovered strongly since March, explains DekaBank. she
assumes that the gross domestic product in the second quarter by 9.5 percent
has grown compared to the first quarter. That would be an increase over that
Previous year’s quarter by 1.6 percent.
1:34 p.m. Euro zone: ECB rate decision. There are no major ones on the market
Innovations expected.
2.30 p.m. United States: June retail sales. Commerzbank is forecasting a
Sales increase of 6.5 percent compared to May. The car sales are probably
increased again, and the reopening of many restaurants had sales
pushed. In addition, increasing mobility combined with higher ones
Gasoline prices drove petrol station sales up. Of the
Retail sales in June would then only be 2 to 3 percent lower than in
February.
Friday July 17th and Saturday July 18th
EU summit: Decision on the 750 billion euro corona
Reconstruction fund.
By: Anna-Maria Borse
July 13, 2020, © Deutsche Börse AG
(Deutsche Börse AG is solely responsible for the content of the column. The contributions are not an invitation to buy or sell securities or other assets.)
