The European stock exchanges are firmer in the morning – however, little is felt from Europhie after the new Dax record.
The Dax – as a performance index – reached the long-awaited all-time high right at the start of the exchange. However, the index is currently only 0.1 percent higher at 13,558 points and thus again below the old record high of January 2018 at 13,597 points. The Euro-Stoxx-50 shows little change at 3,788 points.
The Dax thus stands out from the Euro-Stoxx-50 in the morning. The previous day, Bank of America’s monthly survey revealed that German stocks and, above all, the highly weighted cyclicals are among the fund managers’ favorites. The Dax had been named the main winner here thanks to the resolution of the US-China trade dispute.
However, concerns about the corona virus have been put into perspective. UBS analysts think China has learned the lessons from the Sars epidemic. The death rate of the Wuhan virus is also lower than that of SARS.
Daimler volatile after slump in profit
Daimler are showing no clear direction after a slump in profits last year. The share is currently down around 1 percent, but was also up 1.3 percent. Dealers are not quite sure what to do with the Daimler figures. “The volatility in the price exactly reflects the uncertainty in the assessment,” says one trader. Because it is clear that the numbers are “grotty”. But the market was also prepared verbally for halving the group EBIT. In addition, it is speculated that Daimler has priced in all negative factors here in order to only shine with improved figures in the future. This can also be seen from the fact that the entire automotive industry is up, BMW by 1.2 percent and VW by 1 percent.
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