Market report: DAX probably in reverse again

market report

Status: 01/18/2022 08:08 a.m

After a friendly start to the week, investors should be prepared for falling prices today. Wall Street is back in action and the earnings season could also provide some impetus.

Banks and brokers are forecasting a weak DAX start for today. The broker IG appraised the leading German index before the XETRA start 0.2 percent lower to 15,897 points. Yesterday, the DAX recovered slightly and ended trading up 0.3 percent to 15,934 points. The European selection index EuroStoxx 50 rose by 0.8 percent to 4306 points. “It will be interesting to see if investors jump back in now that earnings season has started,” commented Craig Erlam, market analyst at Oanda.

The technical analyst Martin Utschneider from the private bank Donner & Reuschel currently sees “noticeable indecision” in the DAX. “The 2022 stock market year got off to a brilliant start, but more and more slight weaknesses are creeping in.”

US earnings season is heating up

Whether it stays that way will depend on the sale of the US reporting season. Goldman Sachs, Bank of America, Morgan Stanley and Netflix, among others, are presenting results this week. In particular, the focus is on how much the increased costs caused by higher prices and labor shortages have affected corporate profits, said Marija Veitmane, strategist at State Street Global Markets.

Last week at the start of the quarterly reports, the major US banks JPMorgan and Citigroup were not convincing with their business figures.

Nikkei: Down in Tokyo

There was no trading in the US on Monday due to a public holiday. The Tokyo stock exchange lost: The Nikkei index was higher over the course of the year, but ended trading with a discount of 0.3 percent to 28257.25 points. The broader Topix index also fell. The Shanghai stock exchange was up one percent. The index of major companies in Shanghai and Shenzhen gained 1.1 percent.

Brent hits seven-year high

The oil price in the Far East has climbed to its highest level in more than seven years. Futures of the North Sea variety Brent initially rose to $87.55 per barrel (159 liters), the most expensive since the end of October 2014. The price then stood at $87.48, an increase of 1.2 percent.

On the one hand, analysts see the growing global demand due to the easing of concerns about the negative economic effects of the omicron variant of the corona virus as the cause of the price increase. At the same time, concerns about geopolitical tensions are growing, which is also driving prices higher. The prices of the reference varieties Brent and West Texas Intermediate are up more than ten percent so far this year.

Allianz: Cyber ​​attacks are the greatest threat to companies worldwide

Managers and security professionals see cyberattacks as the greatest threat to organizations. In the “Risk Barometer” published today by the industrial insurer AGCS, which belongs to Allianz, criminal hackers and their activities are in first place. Business interruptions, natural disasters and pandemics follow in places two to four.

AGCS surveyed a total of 2,650 professionals in 89 countries last fall. This included over 1,200 executives from large companies with more than $500 million in annual sales. Allianz’s own experts also took part in the survey. Among the 351 participants in Germany, the first two places were reversed: business interruption came in first place, ahead of cyber attacks.

Ryanair is asking for government help

According to a media report, the airline Ryanair is demanding state aid for the aviation industry. “It is important to promote growth for the entire industry in order to bring back the passengers who have been lost,” says Andreas Gruber, head of the Ryanair subsidiary Laudamotion and Germany spokesman for the Irish airline, the editorial network Germany. “The best instrument for this is government support for the airports. And the resulting cost advantages can be passed on to the airlines.”

Siemens sells road transport subsidiary to Italian Atlantia

Siemens sells the road transport subsidiary Yunex Traffic to the Italian Atlantia group. The infrastructure holding company, controlled by the Benetton family, pays 950 million euros. According to the information, Yunex Traffic is a leader in innovative and intelligent infrastructure and traffic solutions on the road and in cities. Atlantia is “a long-term, strategically oriented new owner” for Yunex, according to Siemens.

According to the railway technology division Siemens Mobility, Yunex Traffic has been operating as an independently managed company since July 2021. Most recently, the company with more than 3000 employees generated annual sales of more than 600 million euros.

Record number for US series in 2021

The number of new and continuing US series has peaked in 2021. That’s according to the annual census of streaming, cable, and broadcast productions in the United States by television researchers at Walt Disney Television’s FX Research.

Accordingly, the number of series (“Original Scripted Series”) rose to 559 last year, reported industry services such as “Variety” and “Hollywood Reporter”. That was a jump of 13 percent compared to the first Corona year 2020, when there was a small slump with 493 series. Compared to the previous record year 2019 with 532 series, it was an increase of five percent.

Leave a Comment