Lufthansa Group extends fee-free rebooking period. Glaxo scores points in study with new HIV prophylaxis. Softbank probably wants to sell T-Mobile US shares to Telekom. TOTAL buys Spanish solar portfolio from Energias de Portugal. Ryanair hit even harder by Corona, less loss than expected. Daimler has to stop production in the US plant again.
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At the start of trading, the DAX strong 2.08 in plus at 10,683.86 points and rises even further in the course. In the afternoon, he wins around four percent. Also the TecDAX shows positive signs and posted strong profits – most recently he hit the 3,000-point mark again, above which he then barely stayed.
In terms of the economy, there are positive signals at the beginning of the new week: for example, economic data in Japan turned out to be less bad than expected, although the country slipped into a recession in the first quarter of the year. A further recovery in oil prices also indicated the positive mood among investors.
The balance sheet season is now in its final stages: Ado Properties and Grand City Properties have already opened their books.
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The EuroSTOXX 50 climbed clearly into the profit zone in early trading and lingered there.
In terms of economic data, the data from Japan are better than expected. The corona pandemic remains under surveillance. The easing of the restrictions is received positively on the market, while Ryanair, among other things, is considered with figures as the balance sheet season expires.
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The Dow Jones moves clearly in the profit zone pre-exchange. The NASDAQ composite is also expected to be stronger on Monday.
The gradual start-up of the economy in many countries and the relaxation of restrictions to curb the spread of the virus pandemic have been positively received by the market. An interview with Fed chief Jerome Powell also gives investors hope. The latter said that although he does not expect the US economy to recover quickly, he also showed willingness to take further measures to support the economy.
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In Japan, the Nikkei ultimately 0.48 percent to 20,133.73 points.
On the Chinese mainland, the Shanghai Composite meanwhile, by 0.24 percent to 2,875.42 index points. At the same time, the Hang Seng in Hong Kong at the end of trading 0.58 percent higher at 23,934.77 units.
The friendly mood was favored in advance by statements by Fed boss Powell. He said in an interview with CNBC yesterday that the central bank is ready for a recession, but also announced “hard times”. In Japan, economic data indicating a slipping into a recession in the first quarter could not shy away from buying – the Data was slightly less bad than expected.
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