Home News XETRA-MITTAG/Knapp claims – banks under pressure

XETRA-MITTAG/Knapp claims – banks under pressure

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2010-09-29_mittag FRANKFURT (Dow Jones) – The prices on the German stock market tend noon on Wednesday claimed scarce. Against 12.55 clock BST loses the DAX 0.2% or 15 points to 6261 points. At the start of trading recorded , the index a small increase , fell then back , however, and acted in the day’s low 0.8% lighter at 6223 points. (Photo : German Stock Exchange)

" There is probably as in the past few weeks, the decisive impetus for a breakout up or down , as will be discussed in the broker comments for weeks , "said one trader.
" drop The volume and the volatility increases , "says another dealer . Obviously , investors reluctant to take on the now are increasingly gone on for three weeks of sideways movement at a high level of returns from the business. short and medium term interpret the technical analysis points to an extension of the suspended game.
Among the losers are on Wednesday afternoon the banks . For the German bank is about 2.6% down to 39.17 EUR . For a dealer to refer to the current capital increase and the large supply of shares. It should give negative comments to the banking sector and the concern about the consequences of increasing bank regulation reflected in the courses. Commerzbank fall 1.3% to 6.01 EUR .
RWE lost 1.3% to 49.59 EUR . The analysts at UBS have started their coverage of RWE again , however, two steps lower at "Sell" . The target price has cut the bank to 47 of before 68 EUR .
On the winning side, however, BMW displayed price premiums by 1.5 % to 51.46 EUR . The Chief Executive Officer Norbert Reithofer said the FAZ, which be would the savings target of 6 billion, EUR surpassing 2012. Daimler set 0.7% to goes to 46.53 EUR for MAN is 1.3% up to 81.83 EUR . Among the winners also are Fresenius, down the 2.1 % to 60.42 EUR .
Infineon rise by 0.9 % to 4.91 EUR . Dealers talk about a good mood for chip manufacturers in the face of a positive ranked outlook, the U.S. computer company Hewlett -Packard. also good Specifications are for technology stocks of the Asian exchanges.
In the second row of the German stock market rise MTU Aero Engines by 1.8 % to 43.12 EUR after Morgan Stanley its target price has raised for the stock by 5 EUR to 50 EUR . TUI expand the gains of Tuesday by a further 5 % to 9.40 EUR .
The TecDAX , the shares of Q -Cells’ 16.2% act easier at 4.13 EUR . The stock is to the right of option shares -adjusted from a capital increase .

DJG / mgo / bek / cln / sh