Monday, July 18, 2016

MARKETS EUROPE / Uneven – technology very firmly – Finanztreff

By Herbert Rude

FRANKFURT (Dow Jones) – On the European stock markets, the large indexes the gains from early trading again. The DAX lost 0.2 percent at midday on 10,044 points. Even the Euro Stoxx 50 are for something. While most industry indices easily and commodity shares with the raw materials give clearer pull technology stocks with a takeover offer from Softbank for the British ARM sharply. The TecDAX of the German stock market gaining 1.3 percent and the MDAX pulls something. A slump suffered by the stock exchange in Istanbul, here the market is losing 5 percent. The Turkish lira has been concentrating recovered from Friday losses somewhat.


Political unrest in Turkey not interested underline

entrants outside Istanbul that the coup attempt in Turkey and the harsh response of the Erdogan government, although corresponding impact on markets and the Turkish economy, the impact outside the Turkish borders are limited. However, individual sectors and companies might be affected, such as the travel sector. The shares of the sector write down at noon but little changed

Other individual stocks related to Turkey are the focus. Are mentioned inter alia Metro, Ströer, Fraport and Eon. Metro is in Turkey amp through its Media Markt stores and Cash &; Carry affected. At Fraport investors could put a question mark behind its annual targets, since they depended heavily from the airport in Antalya. For Ströer Turkey is one of the core markets in Eon’s sales could be put on hold or IPO plans the Turkish Enerjisa participation. The Unicredit expects Turkey now with a slowdown in growth in the third quarter. While Ströer yield of 0.8 percent, the other mentioned titles are little changed in the market.


ARM acquisition drives chipmaker

the companies in the stock market, the chip industry is in view. Here surprised a takeover offer from Softbank of Japan for the British ARM Holdings. ARM jump by 43 percent upward. The high premium that is willing to pay Softbank, will let the market valuation of other European companies in the semiconductor industry such as STMicroelectronics, Infineon and Dialog Semiconductor rise on Monday. ST Micro put 1.4 percent, 2.4 percent and Infineon to dialogue as much as 5.3 percent.

Good second quarter figures from Kion let the shares of the factory chandler 3.7 percent jump. “All indicators are slightly above our estimates. However, the positive side, especially the order intake,” says one trader. With an increase of 8.3 percent, the prognosis of his house by 7 percent had been quite clearly exceeded. The seasonally strong second quarter was better run than expected.

Also the Swiss fragrance manufacturer Givaudan are good numbers come the shares rise by 2.6 percent. Above all, the unusually high level of profitability is highlighted: the profit margin is 27.3 percent by a significant 240 basis points above the consensus estimates, says the trade. As a result, therefore also lies EBITDA by 638 million Swiss francs to 11 percent higher than the consensus forecast. Also Symrise benefit and drop 2.8 percent.


Hapag-Lloyd after profit warning under heavy pressure

a price decline of about 8 percent suffer contrast Hapag-Lloyd after a profit warning. Instead slightly higher is now expected with falling profits. Dealers refer to a very pessimistic forecast of the container ship operator. “In particular, the statement that the recent rebound in freight rates may not be sustainable, is poison for the course,” says a trader. Now one must be considerably more careful look at the freight rates in the coming months, which is likely to leave traces in the stock price.

Roche from Switzerland record 1.8 percent in the red. The drug Gazyva for the treatment of blood cancer in a Phase III study did not reach the intended target. “The growth expectations Gazyva are very high, but on a very low absolute level,” says a trader. So we expect the market to date, with an approximately 60 percent increase in sales in the second quarter compared to the previous quarter. With an estimated 60 million francs in the second quarter, however, attributable to Gazyva Umsatzanzteil corresponds only 0.5 percent of pharmaceutical sales by Roche.

With reductions of 1.5 percent Bayer lead the losers list in DAX. Commercially persistently volatile trend in the stock is expected to consist of clarity about the planned Monsanto takeover. This increased to 125 dollars per share bid will not sway the Monsanto shareholders also will grant Monsanto Leverkusen at this price no insight into the books. It is possible that Bayer would raise the bid further.

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INDEX last +/-% +/-% YTD absolutely
Euro Stoxx 50 2947.62 -0.37 -11.03 -9.79
Stoxx 50 2862.75 -0.19 -5.44 -7.66
DAX 10058.83 -0.08 -8.07 -6.37 0.49
MDAX 20655.52 101.40 -0.57
TecDAX 1648.11 1.38 22.45 -9.98
SDAX 9007.71 0.30 27.00 -1.00
FTSE 6693.38 0.36 24.14 7.23 -0.27 -11.88
CAC 4360.63 – 5.96

Bund Future 166.35 26 7.27

FOREX last +/-% Mo, 8:18 Fri, 17:30% YTD
EUR / USD 1.1039 -0.17% 1.1057 1.1065 + 1.6%
EUR / JPY 116.5981 -0.16% 116.7802 117.00 -19.3%
EUR / CHF 1.0866 -0.08% 1.0875 1.0879 -0.1%
EUR / GBP 0.8345 -0.24% 0.8362 1.1959 + 13.3%
USD / JPY 105.61 + 0.03% 105.57 105.72 -10.1%
GBP / USD 1.3229 + 0.03% 1.3225 1.3233 -10.3 %

crude last VT Settl. +/-% +/-% YTD USD
WTI / Nymex 45.85 45.95 -0.2% -0.10 + 9.5%
Brent / ICE 47,64 47,61 + 0.1% 0.03 11.3%

METALS last day before +/-% +/-% YTD USD
gold (spot) 1326.93 1337.40 -0, 8% -10.47% + 25.1
silver (spot) 19.83 20.22 -1.9% -0.39 + 43.5%
platinum (spot) 1080.15 1092.30 -12.15 -1.1% + 21.2%
copper Future 2.22 2.23 -0.3% -0.01 + 3.4%
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DJG / hru / raz

END) Dow Jones Newswires

July 18, 2016 06:11 ET (10:11 GMT)

Copyright (c) 2016 Dow Jones & amp; Company, Inc.


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