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Dax & dates in the daily stock market report

Düsseldorf Of the Dax According to experts, it should also prove its standing qualities in the shortened trading week before Easter. Failures in the current Corona vaccination campaign in this country have not discouraged investors, on the contrary: Bargain hunters have recently appeared again and again, who courageously took hold of stocks after price setbacks.

However, optimistic investors have already pushed the German benchmark index to record highs in the hope of an upturn in the global economy. Experts therefore warn against overheating.

On Friday, the Dax went out of trading with a plus of 0.87 percent at 14,748 points – and thus without reaching its record high of 14,804 points from the previous week. On a weekly basis, this still resulted in an increase of 0.88 percent. And even at the start of the new week, it does not look like a major setback: the Dax is quoted at 14,778 points 0.2 percent firmer before the market.

The question of how the corona crisis will continue until Easter should become important this week. Recently there were calls from some politicians, that the prime ministers will agree again before Easter. Then curfews or compulsory tests in companies could also be an issue.

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The main reason is the increasing numbers in the third wave. On Monday, the seven-day incidence rose to 134.4. Angela Merkel was also dissatisfied and worried the evening before on the talk show “Anne Will”, but refused an early Prime Minister’s conference before Easter.

The fact that the container ship “Even given”, which ran aground in the Suez Canal, was uncovered early in the morning should provide some relief. The important trade route was blocked for days. However, some ships had already lost patience and accepted the longer freight route across the Cape of Good Hope. German importers expect the first effects from April.

Otherwise there are only a few appointments on Monday that could provide great impetus.

What is becoming important for investors today:

1 – Trade in the United States

In the US, the stock exchanges closed nicely on Friday. The Dow Jones’ defaults closed 1.39 percent in the black at 33,072 points. The broader S&P and the Nasdaq technology index also closed with gains.

The share price surge is surprising, as the consumption figures published by the Ministry of Commerce were disappointing. Investors seem to be focusing more on the Biden administration’s trillion-dollar consumer package.

2 – trade in Asia

Optimism about an accelerated global recovery put Asian investors in a buying mood on Monday. “We assume that the global economy will expand solidly this year at 6.4 percent, driven by a large fiscal stimulus in the US, with positive spillover effects for the rest of the world,” said Christian Keller, economist at Barclays. “Rising inflation in the coming months is likely to be temporary and major central banks seem determined to ignore it.”

The Nikkei index, which comprises 225 values, was 1.1 percent higher at 29,485 points. The broader Topix index rose 0.7 percent and stood at 1997 points. The Shanghai stock exchange was 0.7 percent up. The index of the most important companies in Shanghai and Shenzen gained 0.7 percent.

3 – Container ship “Ever Given” released

The container ship “Ever Given”, which ran aground in the Suez Canal, was uncovered after a blockade that lasted for days. The 400-meter-long ship was brought back into a floating state and will be secured, said the maritime service provider Inchcape Shipping early Monday morning. At first it remained unclear when the important waterway could be opened for passage again.

The rescue and rescue teams on the Suez Canal tried to free the ship of a Japanese owner, which ran aground on Tuesday, with tugs and excavators. The high tide with a full moon on Monday night was an advantage.

After the success report, it was initially unclear when the “Ever Given”, which was traveling north in the canal on the way to Rotterdam, could continue its journey. According to the canal authority, around 370 ships were waiting for passage on both sides of the canal, including 25 oil tankers. Financial news service Bloomberg reported 450 ships waiting.

The Suez Canal connects the Mediterranean with the Red Sea and thus offers the shortest shipping route between Asia and Europe. According to the Suez Canal Authority, almost 19,000 ships will cross the important waterway in 2020. The day-long blockade caused the channel to lose around $ 13 to 14 million in revenue every day.

4 – Coronakrise

On Sunday evening, Merkel spoke up and urged the countries to implement the so-called emergency brake. Even stricter measures, such as exit restrictions, could be an effective means in regions with particularly high numbers of infections, said Merkel in the ARD program “Anne Will”.

The Chancellor spoke out against an early federal-state round, but stressed that she would not watch until there were 100,000 new infections per day. Planned easing, such as in North Rhine-Westphalia and Saarland, are not acceptable.

The CDU politician also indicated that the federal government could also act if the states should not take the necessary measures. One possibility is to change the Infection Protection Act again, said Merkel.

5 – Hypoport

Hypoport SE publishes the detailed annual report 2020. The parent company of technology companies for the credit, real estate and insurance industries had already reported a 15 percent increase in group sales to 388 million euros on the basis of preliminary figures. The EBIT of the entire Hypoport Group increased by 10 percent to 36 million euros.

6 – House prices

The Federal Statistical Office announces the house price index for the fourth quarter of the past year. The prices for residential real estate in Germany were on average 7.8 percent higher in the 3rd quarter of 2020 than in the same quarter of the previous year. Compared to the previous quarter, the prices for apartments and for one and two-family houses rose by 2.9 percent. As a result, residential real estate has become noticeably more expensive, both in the city and in the countryside, despite the ongoing corona crisis.

7 – Thank you

The mail order company for office equipment is presenting the 2020 annual report. Takkt had already announced in advance that sales had fallen by 11.8 percent to around 1.1 billion euros as a result of the pandemic. The value was thus slightly above the forecast. Due to the increased cash flow to almost 130 million euros and an equity ratio of over 60 percent, the management board proposes the payment of a dividend of 1.10, with which the suspended basic dividend of 0.55 euros from the previous year should also be made up.

8 – year of the rail

2021 is the European Year of the Rail. The European Commission and the Portuguese EU Presidency are holding a joint conference to launch the initiative. It will be opened by Adina Vlean, EU Commissioner for Transport, and Pedro Nuno Santos, Portugal’s Minister for Infrastructure and Housing.

Company meetings on March 29th

  • 07:00 Germany: Takkt, years (detailed)
  • 07:30 Germany: Va-Q-Tec, annual figures (detailed)
  • 10:00 Germany: HKP-Group online press conference on study of the DAX 2020 executive board remuneration study
  • 15:00 France: Vivendi, Extraordinary General Meeting
  • Germany: Hypoport, annual report

Economic dates on March 29th

  • 10:00 Germany: Ifo, Istat, KOF joint economic forecast
  • 10:00 Austria: PMI manufacturing 03/21
  • 12:00 Ireland: retail sales 02/21

With agency material.

More: All stock market data at a glance

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