Massive fears of the further spread of the Coronavirus epidemic and its economic consequences had brought the world markets, with a Raven black Monday. The German benchmark index, the Dax threw it back temporarily by almost 600 points, and, ultimately, the investors had to minus four per cent, the highest daily loss since a Long time. Now to ease somewhat on Tuesday pre-market, after it had been given to the Asian exchanges, no further selling panic. DAX 13.035,24 Pkt. -544,09 (-4,01%) Xetra
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The X-The Dax as an indicator for the Dax one hour signalled just before the opening a Plus of 0.8 percent on 13.139 points. The Euro STOXX is 50 as Leitbarometer the Eurozone also recovered. Only Japan fell in the Morning still with heavy losses. Here, the investors had, however, the day before a holiday conditionally't had a Chance to react.
From the point of view of foreign exchange experts of Commerzbank, it was the further increase in the number of those infected with the Virus people that triggered on Monday, the price turbulence. "Relevant for the markets is something else: The political response to the Virus-development," said analyst Thu Lan Nguyen. Your decisions, regions of the seal off, travel restrictions and to extend the new year holidays had already placed the economy in China is partially lame. Similar announcements from Italy and Austria fueled Fears that it is also in Europe, in itself a sensible containment thwart measures on the economy.
The investors are looking for is currently mainly taking refuge in safe havens like Gold, bonds or the US Dollar. The experts of Credit Suisse confirmed with a view on the stock market, your back posture, to the economic consequences of Corona are clear in sight.
Also on the second trading day of the week, the far Eastern stock exchanges have tended to be weak. The concern for the economic consequences of the spread of Coronavirus kept investors on Tuesday again share purchases.
The losses were more moderate than the day before. The exception is the Japanese stock market was: of The 225 companies, the Nikkei 225 fell 3.3% to 22.605,41 points, and after repeated losses to the other stock exchanges from Monday. In Japan had not been traded the previous day due to a holiday.
"Although the reports of monetary and fiscal aid packages in Asia, but also messages about the negative economic consequences, there are increasing currently," it said in a market commentary by the investment Manager DWS is growing. Reason for concern is the sudden increase of reported infections in South Korea, and Italy give. As long as the Virus "remain elusive," advises the DWS to a more defensive positioning in equities.
The CSI 300, with the 300 of the most important shares in the Chinese mainland stock exchanges declined by 0.22 percent to 4.123,86 points. The Hang Seng Index in Hong Kong was, of course, with an increase of 0.05 percent to 26.835 counter stable. He had lost in the last two sessions of almost three percent.
3. The German economy is stagnating as expected,The German economy does not come at the end of last year, as expected from the spot. In the fourth quarter, economic output in the quarter, have stagnated in comparison, according to the Federal Statistical office on Tuesday, according to a further estimate. The authority confirmed, as analysts had expected a previous survey.
In the third quarter, had risen, the German economic performance by 0.2 percent, after Contracting in the second quarter. Compared to last year, the Federal reported in the fourth quarter, a price - and calendar-adjusted growth of 0.4 percent.
4. Oil prices stabilise after heavy slumpOil prices have stabilised on Tuesday after a major slump at the week's kick-off for the time being. In the Morning the prices for European growth, as well as American crude oil light, after you had fallen the previous day after an escalation of the Coronavirus-crisis, each of about five percent. A Barrel (159 litres) of North sea Brent hit a last-56,62 US Dollar. The were 31 cents more than on Monday. The price for American crude oil West Texas Intermediate (WTI) also rose slightly to 27 cents on 51,70 dollars.
Despite the current stabilization of the financial markets the Virus crisis remains a defining theme in the markets. The focus of interest is the question of how strong the Virus outside of China, to spread and to be a threats for the further development of the world economy is. According to the latest reports, the number of Coronavirus-infected people in South Korea have increased more strongly.
According to the saudi Arabian energy Minister, Abdulasis bin Salman, the oil cartel Opec has made no decision about a further reduction in the flow to stabilize the Oil prices. In the next week, the Opec countries will be meeting in the Opec+ pooled funding countries such as Russia, to advise on the future funding policy.
5. HP earned significantly less talks with Xerox about the mergerThe PC and printer manufacturer, HP has earned in the most recent quarter, significantly less. In the three months to the end of January, of the profit for the year declined by 16 per cent to 678 million dollars (625 million euros), the group announced on Monday after U.S. market close in Palo Alto, California. Revenues declined by nearly a percent to 14.6 billion dollars.
HP beats know this at the time of an acquisition attempt of smaller rival Xerox , had raised his offer last to almost 35 billion dollars. HP considers the offer for too low, the company to "significantly undervalued". The Management explained now, but to seek talks with Xerox to lead to a possible combination in the sense of the shareholders to explore.
At the same time, increased the amount of HP its share buyback program to $ 15 billion, in order to draw investors in the event of a hostile takeover attempt on its side. The advances of Xerox had, from the very beginning to sit up and take notice, as the company is much smaller than HP. As the driving force for a possible Deal, the controversial US Investor Carl Icahn, who holds to the two groups have large shares applies.
events companies07:00 CHE: SIG Comibloc, annual figures
07:00 CHE: PSP Swiss Property, annual figures
07:00 ENG: corestate Capital, annual figures
07:30 DEU: New Work, annual figures
07:30 DEU: KWS Saat , year,
07:30 ESP: Endesa, Annual figures
08:00 ENG: Progress-Werk Oberkirch, annual figures
12:00 USA: HomeDepot , Q4-Figures
13:00 GBR: Manchester United , Q2-Figures
18:00 NLD: ASM International, annual figures
22:05 USA: Salesforce.com, Q4-Figures
USA: Tupperware Brands, Q4-Figures
United States: Unisys, Q4-Figures
dates for economy06:00 JPN: early indicators 12/19 (final)
08:00 EUR: Acea, commercial vehicle registrations 01/20
08:00 GER: GDP, Q4/19 (final)
08:00 ENG: construction (new orders index) 12/19
08:45 FRA business climate 02/20 09:00 ESP: producer prices 01/20
14:00 HUN: Central Bank, interest rate decision
15:00 US: FHFA-Index-12/19
16:00 USA: consumer confidence 02/20
16:00 USA Richmond Fed manufacturing index 02/20
22:30 USA: API Ölbericht (week)
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ham/dpa Date Of Update: 25 February 2020, 09:01
