FRANKFURT (Dow Jones) – The German stock market is on Thursday started a bit easier in the trade. The index lost 0.4% at 9.35 BST clock or 24 points to 6140 . (Photo : German stock exchange)
The templates from Asia were moderately positive, the U.S. market have yielded little , however late in business , the reasoning is from the market . Even the slightly yielding € vapors something the mood.
Impulses are expected during the day of the auctions of debt in Ireland and Hungary. "This is against the backdrop of resurgent concerns about the budget deficits currently one of the big issues , "it says . " September is a crucial month for Ireland and its banking system . This month, EUR 27 billion are due to refinancings , "said one market participant.
In addition, lunch is at the Bank of England monetary policy decision on the agenda. Observers expect that the interest rate level is confirmed by 0.5%. In the afternoon, the weekly initial unemployment follow from the USA, the U.S. trade balance and the weekly oil inventories.
To profit-taking occurs in the early business for suppliers . E. ON will lose 0.8% to 29.29 EUR and RWE 0.9% to 53.73 EUR . According to newspaper reports of the nuclear compromise between the suppliers more exposed than previously known, because the contributions to the promotion of renewable energies are linked to earnings and inflation.
With good templates from the U.S. and the threat of exposure to higher capital requirements by the "Basel III "guidelines , the banks are in view. The German bank could come with the demands comparatively well clear , says one market participant. At Commerzbank , it is however doubtful that they create no capital requirements . While German banks tend unchanged, Commerzbank set by 0.7 % to 6.33 EUR .
Beiersdorf gain 1% to 43.75 EUR . The share is 20 September in the dividends – received the German DAX stock exchange. Second, traders refer to a study by Deutsche Bank , according to Beiersdorf and Estee Lauder came as takeover targets for Procter & Gamble in question. However, there is no evidence , according to dealers that sell the shareholders of Beiersdorf could . According to Beiersdorf , Procter and Gamble no takeover interest signaled.
DJG / thl / hru / gos / ISJ