After a somewhat bumpy entry into the new week, when it looked as if the Dax could not keep the 12,000 point mark, the stock markets still got going by midday. The Dax is currently trading with a small plus at around 12,100 points.
Investors are still torn between corona concerns and economic data suggesting the economy is recovering. Market participants are particularly worried about the USA, where lockdown measures have been taken again. But fears of a second wave of infection are also continuing in Germany.
There was protection from the economic side: The mood among entrepreneurs and consumers in the euro zone improved noticeably after the record break due to the Corona crisis. The barometer for the business climate climbed 8.2 to 75.7 points in June, as the EU Commission announced on Monday. The recovery is intensifying. However, economists surveyed by Reuters had expected a sharp increase to 80 points. Industry managers and consumers were optimistic. But the mood also brightened among service providers, construction and especially in retail. Sentiment improved in the largest economies in the euro zone – particularly strongly in France (+9.4 points), the Netherlands (+8.3), Spain and Italy (+8.2 each) and Germany (+ 6.6).
Wirecard only speculation
In the meantime, Wirecard shares will finally become the game ball of speculators. After a loss of almost 99 percent in the past seven trading days, the shares still listed in the Dax rose on Monday by around 140 percent to EUR 3.08. Such price movements can hardly be explained with fundamental developments.
Lufthansa does not get the curve
Lufthansa’s papers expanded their recent slide on Monday. At minus 3.6 percent, the airline’s shares as the bottom MDax slipped back to the level at the end of May. In around three weeks, they have now lost around 30 percent. Major Lufthansa shareholder Heinz Hermann Thiele predicted the airline a “painful way” after the state rescue during a “five to six year” renovation. A stockbroker sees Lufthansa investors once again reminded of the harsh reality, especially since Thiele also cited patriotism rather than financial considerations as the reason for his commitment.
Ströer’s shares fell 1.0 percent after the US investment bank Goldman Sachs downgraded the outdoor advertising provider’s shares from “buy” to “neutral” due to their recent above-average price performance. By contrast, ProSiebenSat.1 stocks benefited from a price target increase by Citigroup analysts from EUR 8.50 to EUR 13.30 and the confirmed buy recommendation. The media group’s titles rose 4.0 percent to EUR 10.50.
According to a recommendation by Mainfirst, Compugroup’s paper rose by 5.3 percent to EUR 67.50. Mainfirst expert Daniel Grigat advises that the structural growth story be re-entered and stated a target price of EUR 85. The latest capital increase has shown that the takeover ambitions of the software provider, which specializes in medical practices and pharmacies, are significantly stronger than previously thought.
The German residential property group Ado Properties wants to take over the Berlin competitor Consus Real Estate completely. According to its own statements, Ado already has commitments from the shareholders to achieve a total stake of more than 80 percent. Ado wants to finance the deal with a capital increase of 450 million euros. In addition, the company’s own shareholders should forego a dividend for 2019. Ado shares have shown little change recently.
The real estate company TLG, recently acquired by Aroundtown, has separated from retail properties worth almost half a billion euros. With the money, TLG wants to strengthen its liquidity and capital structure and concentrate on office properties in the future. Aroundtown paper fell 0.4 percent.
onvista / dpa-AFX / reuters
Titelfoto: anathomy / Shutterstock.com
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