More than 12 percent in a week lost

With a Dax-loss of more than 12 percent since last Friday, the investors will experience the darkest week since the start of the Greece debt crisis in the summe

More than 12 percent in a week lost

With a Dax-loss of more than 12 percent since last Friday, the investors will experience the darkest week since the start of the Greece debt crisis in the summer of 2011. The record high from the previous week at 13.795 points seems to be in the current panic in the market so quickly not will be accessible again. DAX 11.880,59 PTS. -486,87 (-3,94%) Xetra

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fell To the rate of data

The MDax of the medium-sized German stock market values to 3.43 per cent, on 26.196 points. The Euro STOXX 50 as Leitbarometer the Eurozone also lost around three and a half percent.

Oil prices continue their descent as a result of fort. With a week loss and currently stands at around 14 percent, the sharpest price are discounts for a number of years. The pressure on the big oil-producing Nations, their output back, increasing so rapidly. On Friday morning, a Barrel (159 litres) cost of North sea Brent crude oil a 50.74 U.S. dollars. The were USD 1.44 less than the previous day.

safe safe-havens such as German government bonds were in Demand, however. So the rates continue to increase in German government securities, in turn, yields declined further. Bonds of southern European countries such as Italy, Spain or Portugal, in contrast, continue to be under pressure.

companies put Numbers in front of

good company, the investors were not able to calm figures. So, the reinsurer Munich increased Re its profit in 2019 in spite of the significantly increased number of major claims vigorously. Thanks to lucrative financial transactions and currency, the Surplus climbed to a gain of 18 percent to 2.7 billion euros, as the Dax group announced on Friday in Munich. Thus, the company exceeded its original profit target of 2.5 billion euros.

Chairman of the Board Joachim Wenning expressed confidence that the group can increase its profits 2020 as planned, to EUR 2.8 billion. The shareholders are to receive for the past year, from 9.25 to 9.80 euros increased dividend. In addition, the Munich Re wants to as already known, again for one billion Euro of its own shares from the market to buy back.

Also, BASF wants to grow in the current year after a decline in sales in 2019 again. The revenue is expected to rise in 2020 to be 60 to 63 billion euros to 59.3 billion euros in the past year. For the adjusted earnings before interest and taxes the company aims to achieve in the current year, 4.2 billion to € 4.8 billion. In 2019, the earnings declined by 28 percent to EUR 4.5 billion. Group chief Martin's brother, müller expects, however, stresses caused by the Coronavirus, especially in the first and second quarter. In addition, he did not expect, "that the Corona effects can be compensated in the course of the year, completely". Where is Coronavirus? Real-time map showing the spread of the disease, FOCUS Online/Wochit Where is Coronavirus? Real-time map showing the spread of the disease

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Date Of Update: 28 February 2020, 10:00
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