The S&P 500 yesterday fell by 4.4 percent and are now about 12 percent since the High on September 19. February. Such rapid correction has not occurred in the history of the US stock market. Trigger the message about studies of 8,400 Asia-travellers on the Coronavirus in the U.S. state of California. The STOXX 600 and the DAX were minus 3.6 percent or minus 3.2 percent a good amount of feathers. the continue now? Yesterday, some analysts have spoken. Although it is assumed that the gains of 2020, to grow significantly less than originally assumed – Morgan Stanley and Goldman Sachs also included is a Zero. However, the analysts believe that interest rates driven by monetary policy easing – will continue to fall. In the end, it is therefore voted in favour constructive on the market.

stocks continue descent to continue

The Dow Jones Industrial Average declined yesterday to 1.191 points, or 4.42 percent – to the close of trading, the US leading index at 25.766 points. More and more companies are now known, that their goals for the Quarter due to the Coronavirus miss.

Dr. Ulrich Stephan, DeuBa

David Kostin, Goldman Sachs lowered against the Backdrop of a weak Chinese economy, disruption of global supply and value chains, as well as increased uncertainty in the market, its forecast for the profits of the S&P 500 in the current year, from six to zero percent. The consensus is still at 7.3 percent. At his end-of-year mark of 3,400 points, but he did. The expected decline in yields, a course is likely to justify-to-earnings ratio of about 19. And the Fed might be forced to because of the deteriorating financing conditions to lower the interest rate. The market priced in currently, just under two interest rate cuts until June. Because of the opaque situation around the Coronavirus, as well as the US elections to me would not be a surprise interim Market setbacks but. At the end of the year, but I do not see how Kostin higher courses than at the beginning of 2020 – also because of the positive profit Outlook for 2021.

semiconductor industry: China on the way to the top

Coronavirus is today, Chinese technology companies are already thinking about tomorrow. By 2025, they intend to invest a total of 160 billion US dollars in the Development of their own semiconductor production. China would then become the third largest player in Asia in addition to Taiwan and South Korea. the In the expansion phase of the benefit in addition to Chinese construction companies, special companies for the construction of clean room technology as well as manufacturers of semiconductor production equipment of this project. well-known producers of manufacturing plants in Europe or in the United States. So that you can apply in the awarding of orders, you need however, of their governments, appropriate export permits. Otherwise, Chinese suppliers, are also an advantage here. The current price weakness may accordingly the risk for investors to prepare after a settling by the Coronavirus-induced volatility opportunities in selected technology start bring titles.

Bernie Sanders no longer obtain?

As the winner of all the previous primaries of the Democrats, Bernie Sanders is in the "Primaries" in South Carolina on Saturday, as well as the "Super Tuesday" next week. Sanders should be here, as recently in Nevada, nearly half of all the choice men win, would be to obtain his advantage for the other candidates, I don't think. While Sanders could once again be of benefit to the great support of the Latin American population. In Texas and California, where half of the to be determined on Tuesday, the General Assembly delegates is up for election, the Community of around twelve million people. Also in the case of African-Americans, Sanders was able to win the last vote. the fear The economy, but also some Democrats, the extreme positions of Sanders, among other things, on the issues of taxes and nationalisations. Therefore, I expect the U.S. stock market in considerable turmoil, should Sanders be nominated as a democratic candidate, or even President of the United States are elected. The volatility of recent days may not only be attributed to the Coronavirus.

British threats against trade talks with the EU

For the EU, the "Level playing Field" as a fundamental condition for which is on Monday the beginning of trade talks with the United Kingdom. In doing so, the maintenance of existing arrangements in areas such as labour and competition law, taxation or environmental protection. The British government insists, in turn, in your yesterday published the negotiating guidelines, contrary to previous declarations of Intent on the full legal independence. the weighs Heavier still, the threat of Prime Boris Johnson to cancel the negotiations in June should stand out then there is still no agreement on a trade agreement to the EU-canadian model. I assume that the fronts are set out in the course of the discussions, as less hardened, as is currently feared. Therefore, up to the end of the year, at least (part of it could be found)solutions. Investors who want to use with a price-to-earnings ratio of around twelve comparatively cheap review UK shares to get started, you need to adjust in the course of the year, however, even greater price fluctuations.

the number of the day: 38

snakes are very designed for rough terrain. No matter whether trees or rocks, smooth or rough surfaces, and the creeping thing come out almost everywhere. Chen Li and his Team from Johns Hopkins University in Maryland have analyzed king snakes in the lab and a robot that mimics your movements. the The result is reminiscent of a toy train and is able to overcome steps up to a height of 38 percent of their own length. in the Future, such robots snakes at the rescue could afford to be sets of valuable services.

I wish you a purposeful day.

Sincerely,

Ulrich Stephan

chief investment strategist for Private and corporate customers

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hyo Date Of Update: 28 February 2020, 11:01