ROUNDUP / Aktien Frankfurt opening: investors are accessing again

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also about one percent.




“The bulls have the upper hand on the Frankfurt trading floor,” said market analyst Milan Cutkovic from broker AxiTrader. In the case of record-high Vonovia shares and Deutsche Post, the results of two Dax groups were very well received, but less so in the case of BMW.

In addition to the quarterly reporting season, the tensions between China and the United States and the fear of another corona wave remain the key issues. Time is also ticking in the discussions in the US Congress about further economic stimulus in the corona crisis. A look at the price of gold, which has recently risen above the $ 2,000 mark for the first time, shows how great the security need of many investors is.

Charter experts at the Dax do not want to speak of an exemption. In the eyes of Andreas Buchler from the specialist magazine Index-Radar, the leading index currently has no tangible trend. “And that should remain the case if market participants do not at least access again over the next technical hurdle,” said the expert. In his opinion, a stability signal would only be prices above 12 750 and 12 850 points.

smell in Made it above the 57 euro mark for the first time on Wednesday with a rise of 3.3 percent. Billion-dollar purchases abroad and higher rental income have driven the profit development of Germany’s largest real estate group so far this year. Jurgen Graf from LBBW spoke of a “very good half-year result”.

For the Deutsche Post after all, it was 2.2 percent high. Traders praised the final figures for the second quarter as slightly better than expected, especially in terms of sales. According to Daniel Roeska from Bernstein Research, the postal and logistics group is coping well with the crisis.

During the quarterly balance sheet of Allianz With a price increase of 0.4 percent, it was less spectacular, the investors at BMW reacted particularly disappointed with a minus of 2.4 percent. The carmaker slipped into the red in the second quarter due to the coronavirus pandemic and, according to experts, failed to meet expectations.

There were also numerous company reports in the second series of indexes. In the case of Commerzbank the figures were very well received, even if the bank is now expecting a loss due to the corona pandemic and the costs of the corporate restructuring. With an increase of 5.6 percent, the papers belonged to the top group in the MDax.

Hannover Re however, its investors were not able to convince, here the paper was down 1.5 percent. The insurer’s second quarter was weaker than expected, Pareto analyst Philipp Habler said in a first comment. The prospect of high losses from the Corona crisis has led the reinsurer to a surprisingly sharp drop in profits.

Analyst comments were also worth a look. Fresenius suffered in the Dax with 3.3 percent under a negative vote by Jefferies. For the Fresenius subsidiary FMC At the same time, the analysts from New York gave up their previous buy recommendation, where papers fell by 2.4 percent. Meanwhile, Deutsche Bank is now more optimistic about ProSiebenSat.1 . Here the 6.7 percent higher papers were the MDax leaders.

Over the course of the day, the economic side still looks at sentiment data from the service sector as well as the ADP employment report in the USA. Investors will tap the signals for the official labor market report expected on Friday. According to Commerzbank, the ADP data should show that the situation on the US labor market is still precarious./tih/jha/

Source: dpa-AFX

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