FRANKFURT (Dow Jones) – After a brief recovery in early rules is of the DAX up to Thursday noon clear in negative territory. Against 13.05 clock loses the DAX 45 points or 0.7 % to 6163 points. (Photo : German Stock Exchange)
Clouded is less the mood of something as -expected purchasing managers’ indexes in Germany and the Euro – zone. According to traders , the mood but to handle even more of news from Ireland: First, the risk premiums on Irish bonds rose sharply to new record levels, and on the other is shrinking the Irish economy again , what the situation of State finances, a dealer , not just improving.
From a technical perspective, the support area around 6170 Points contested. A sustained break could be the DAX in the area Press to 6100 points , so technical analysts. Meets resistance the DAX by 6,300 points. A new impulse in the afternoon of the weekly data on U.S. labor market go out and on sales existing homes , in addition, the so-called leading indicators published.
On the losing side at the top steel stocks , so ThyssenKrupp with a decrease of 2.2% to 23.23 EUR . After negative Comments from Goldman Sachs have now and Merrill Lynch lower Steel prices in the fourth quarter addressed. The analysts should Price pressure in the steel sector make up and assume that Arcelor Mittal and ThyssenKrupp in the fourth quarter of the price per ton of steel 20 USD to 30 USD will have to cut . The MDAX lost Salzgitter 2.3%, Klöckner & Co is 5.2 % to 15.81 EUR . "The stock is in the last week failed again and again at the 200- day line , "says a Dealer Kloecker & Co. would now be reduced positions.
Europe is under pressure , the banking sector . In trade further need for correction in the earnings estimates for the U.S. banking sector seen. "After a weak summer should the estimates for the Industry for the third quarter are too high, " they say. A few Days had warned the Banks Analyst Meredith Whitney warned that the Industry revenues in the previous year decline significantly be on Wednesday , in turn, the German bank’s Earnings estimates for Goldman Sachs and Morgan Stanley significantly to adjusted downward . "If rise pressure , is likely not this to U.S. stocks limited , "said a dealer. Commerzbank fall by 1.3 % to 6.18 EUR . German bank may , however, in the context of Capital increase by 0.1 % recover to 41.07 EUR once the course has already had before the start of rights trading temporarily dropped considerably .
On the winning side of BASF to increase by 0.5% to 45.80 EUR . The Statements of BASF from Wednesday for the third quarter of care According to dealers again for purchases of the stock. BASF is highest the Stood since 5 August risen. "Speculation about a higher Dividend this year draws after nine good month for investors , " says one trader. Bayer even rise by 0.8 % 51,17 EUR . Dealer refer to the introduction of the multiple sclerosis drug ‘ Betaferon ‘ in the Chinese market. These mountains ‘ abundant Sales potential . " Some of the recent gains but should simply due to the recovery of the duties of Wednesday be , says a dealer.
In the second set to lose Heidelberg 4.4% to 3.31 EUR on Thursday end of rights trading . ProSieben win 3.1% to 16.98 EUR , after analysts at Commerzbank shares to have "buy "increases to " Add " . Cable Germany Laying by 2.2 % to 27.08 EUR , here , the analysts at HSBC price target to 32 EUR increased from 29 EUR . The MDAX is for 0.9 %, while the TecDAX by 0.7 %. Here lose Roth & Rau, SolarWorld each over 3% .
DJG / hru / bek / raz / mrf