Tag Archives: euro stoxx 50

European stock markets little changed at midday – Wedding in view

2011-04-29_WilliamKate_dapd FRANKFURT (Dow Jones) – European shares present at the Friday lunch changes with the wedding in England no. "The trading desks focus more on the guest list as the trade," says a trader. (Photo: DAPD)

Felt would do for the slowdown in trading activity. In the City of London is like all over the holiday. The Euro Stoxx 50 rose to 13.04 against clock by 0.1% or 2 points to 3,008, the Stoxx-50 wins 2659 to 0.1% or 3 points.
Could provide a new impetus in the afternoon economic data from the United States. The program is home to the purchasing managers’ index from the Chicago area for the month of April. Economists expect the average of their forecasts in a stand of 68.0 to 70.6 points the previous month. Some economists, he is a good precursor to next week’s expected national ISM index. Other economists consider it because of the dominance of the automobile industry in the Chicago area, however inappropriate.
In addition, the results of the second survey, the University of Michigan to the mood of U.S. consumers are expected in April. Here is the consensus of 70.0 to 69.6 points in the first survey.
Automobiles are suffering from weak Daimler-figures
0.4% reduction in the car values ​​are under some pressure. Background are disappointing financial results absorbed by Daimler: the first-quarter revenue estimate of analysts at Credit Suisse has differed by 4%, while adjusted EBIT was lying in the forecast. Negative surprises are the experts on the development of liquidity – especially with regard to this very positive data from VW. Daimler to give 1.8% to 52.13 EUR, while the Wolfsburg At length value by 0.4% to 131.55 EUR.
Saint-Gobain in the first quarter of strong sales
The French building materials manufacturer has made a good start to the year. Market participants put out the strong sales growth. With an increase of 7.6%, sales were above the market expectation. positively surprised at the areas of the construction business, flat glass and the packaging division. Saint-Gobain also announced to the anticipated IPO of packaging Verallia daughter. The stock lost 0.6% to 46.89 EUR after they had gained much in advance.
Vinci template set of sales figures by 0.6% to 45.01 EUR. "The numbers are down as expected", says the trade. The construction business was relatively good weather of it as a weak prior year profits. The momentum was the beginning of the year high, is expected to weaken but in the year. That the view has been confirmed, is not a surprise. The construction sector tends not changed. The European construction sector tends unchanged.

European shares close firm

FRANKFURT (Dow Jones) – After stagnating courses start the week, investors have on the European stock markets again on Tuesday upped the ante a shovel. Dealers reported an optimistic attitude on the part of investors with a view to the future configuration of the rescue called European Financial Stabilization Fund for the highly indebted countries in the euro area peripherals.

The Euro Stoxx 50 moved up 1.2% or 35 points to 2946, which is the highest level since 26 April 2010. The Stoxx 50 rose by 1% or 26 meters on 2711. At this level, the index last acted on 15 April last year. The stock exchanges in Milan, Paris, Amsterdam, Zurich, Madrid and Frankfurt reported new highs in the emerging stock exchanges worldwide.
Tailwind got the courses in the morning from a survey of investors to aid economic development in Germany. The results of the ZEW survey has exceeded the consensus estimate significantly. In the afternoon, figures revealed in the manufacturing sector of the New York region and the development of nationwide home prices with the consensus estimates.
Banks wanted – give Citigroup a damper
Bank shares were on average by 1.6%. In particular, the Spanish paper money stores such as BBVA (+5.4%) and Santander (+4%), according to traders benefited from the expectation that the euro group on the parachute for the highly indebted countries in the euro area peripheral to reach agreement.
Surprisingly weak quarterly results from Citigroup were the prices of European banks at noon, but fall back from their daily highs somewhat. Citigroup’s bonds declined on Wall Street by almost 7%.
Commodity stocks in demand
The raw values increased by 1.1%. Rio Tinto gained added 1.5% to 4450 p. The mining company has especially in business with Eisennerz, put in the prices strong, according to observers, exceeded its own forecast and set a new production record. Also, Xstrata (+1.6%) and BHP-Billiton (+1.4%) increased.
Study by Goldman Sachs supports the technology sector
A study by Goldman Sachs took care of gains in the European technology sector. For growth accordingly provide products such as smartphones and Tablet PCs, but also in the automotive industry is the demand strong. Analysts have raised the price target for Infineon to 11.00 of 8.80 EUR. Infineon moved up 5.4% to 7.79 EUR. STMicroelectronics closed 5.1% higher at 9.17 EUR.
ARM Holdings has been Goldman Sachs upgraded to "buy" from "neutral" and gained 4.3% to 536.50 p. The decision to open Microsoft, its main operating system for ARM processors, analysts evaluated as a door opener for ARM Holdings.

New competition is threatening the success

FRANKFURT. There are the days of car manufacturers. Daimler has now presented a convincing quarterly results and increases the forecast, VW and Ford had shone before with good results. Similarly, it should look at BMW, whose quarterly report is due in early November. The threatening crisis in which many believed himself automaker a year ago seems ticked off, the customers buy it again – especially in Asia.

"We have continued in the first three quarters of our very successful business and are thus well on course to achieve the goals of our 2018 strategy," said Volkswagen CEO Martin Winterkorn. The bottom line remained the Wolfsburg a profit of 4.8 billion euros.

On the stock market is celebrated, the performance of the past three months can be seen more as VW plus 30 percent, plus 20 BMW, Renault, up 19 percent. By comparison, the index of leading European companies, the Euro Stoxx 50 has risen over the same period only four percent. Keep the analysts right, then there is more upside with the prices of the auto stocks – at least for now. More than 60 percent of all recommendations of the past four weeks have buy recommendations. The optimism is great, even with the stock experts.

Measured by the price-earnings ratio (PER) seem most stocks also rated quite moderate. VW is estimated at 11.7 times earnings for 2011, BMW and Daimler to 10 to 10.5. Even better is to have the French competition: Renault is valued at seven times its profits, Peugeot is set to a value of 6.4. Betting The Italian carmaker Fiat, probably one of the hottest in the industry, has an estimated P / E of 15

The reason why the profits continue to flow, has a name: China. The Middle Kingdom has become the automaker into a new land of opportunity. Alone, 1.3 billion euros of the VW profits come from the China investments. And this is just the beginning have been. New factories are being planned, the business of the newly rich Asians will continue at a faster pace and, above all. It provides for the German Master Plan. "Even to look at Europe, the USA and Japan as the hub of the automotive world," said Frank Schwope of NordLB – "yet".

Meanwhile, China has become the most lucrative auto market in the world. Since last year, where most cars run off the line – more than 13.5 million cars and trucks were 2009th The boom in the Far East has a large middle class brought prosperity. The savings are invested in luxury, especially luxury cars are asked to by German car manufacturers. Who has it brought into the Chinese market economy to something that is deliberately on a vehicle with the Mercedes star and the BMW propeller.

Profit margins in China is much higher

For the success of a car brand usually not only quality and equipment is crucial. Audi for example, has to be in China’s image, the car of the ruling class. Another advantage of the premium manufacturer: China’s customers are left with the order rare in the standard. Instead, bought, so expect the accessory catalog. The automaker earn princely because the profit margins are much higher than that in Europe.

Produced locally, which will have two advantages: First, the production cost in China much lower than in Europe or the USA. On the other pretends to front of the Chinese customers, they bought a car from their own country. A good example is the Volkswagen Santana, which was built in 1985 along the first Western cars from VW and Shanghai Automotive Industry Co. (SAIC).

In the long run, the strategy will not rise to the Europeans

No wonder that European carmakers, especially the opportunities – or better – the lush profits have in mind when it comes to China. Unfortunately, the thing has a catch: In the long run, the Chinese are not namely "building-your-we-buy" strategy with the resign. The party bosses in Beijing is keen to fondle his own auto industry. In the near future should the Chinese drive Chinese cars. So it looks before Beijing’s master plan. No Daimler, BMW and Volkswagen. "Still, the local car maker’s image as the Japanese 30 years ago and the Koreans 15 years ago," said Martin Lueck from UBS. But if you look at the tremendous speed with which develop further, China’s industry in other sectors, which must inevitably come to the conclusion that this was possible in the auto industry. High on the agenda of the Chinese people want electric cars, the big issue for the coming years, which was neglected by the Europeans and Americans for a long time. The established companies will have some competition, that’s for sure.

Not to be ruled out that cars, whose names sound as exotic as Changhe, Chery, Geely, Great Wall Motors or conquer with solid technology and reasonable prices to the global mass market. For those who consider themselves still in the hub of the automotive world, it means serious competition. The same also for their shareholders, who could look forward in recent months about so rich gains.

Rising prices and decreasing risk

DÜSSELDORF. In the equity markets in high spirits: The Dax has broken out of its months-long sideways phase and it is with more than 6 600 points so high not seen since mid-2008. Numerous individual values such as BMW, Linde and Henkel are already one step further and have reached all-time highs. Of the reporting season of the Dax companies, which the automaker on Friday opened with a surprise key figures for the third quarter, analysts expect a further boost for the stock market.

Unlike in the past few months, as each course of early decline followed reliably increase the odds are good that the check fails this time. Because with the recent upward movement, the short-term risks for investors in the stock market have declined significantly.

This shows the "risk radar", the Handelsblatt and the rating company EDG today published once a month. It examines the 50 most popular with German investors shares and the standard indices DAX and Euro Stoxx 50 and the raw gold, silver and oil of Brent. The analysis shows that the risk ratios have declined not only in the stock market, but across all asset classes: "If markets recover longer goes out in the rule, the volatility," Björn Döhrer, partner holds in the EDG, summarizing the results.

Basis for risk analysis, the concept of "Value at Risk" is used everywhere in the world of finance. The basic principle is quite simple: "The value at risk is the loss amount that is given with a certain probability for a holding period not to exceed" said Döhrer. "In a system of 10 000 € means a value at risk from 1 000 € that I will lose with a probability of 99 percent over the next ten days, not more than 1 000 euros," he reckons.

On the basis of the calculated value at risk the various classes of investments in risk for a "security-oriented" and five rated for "speculative". In the latter category fall traditionally volatile small cap stocks, most Dax papers are usually predominantly in risk category four, the Dax himself and other standard indices in the middle class three. As lower-risk investments and assets are gold in the corporate bond indices. In the lowest risk class includes government and conservative bond indices such as the Rex.

Investors have the financial crisis is not processed completely

From their long-term average in most risk radar analyzed values differ from currently still: "The financial crisis that has led to sharp price fluctuations and volatility has increased significantly, here after," says Döhrer. The gap is due to the recent relaxation, however, decreased significantly. The highest increases in the risk profile fell last month, when the shares of German software giant SAP, which is classified in risk category four. The stock rose last month at more than ten percent of the value at risk has fallen almost in equal measure.

SAP’s shares makes the most progress in a month

Even with analysts, the stock is at a premium: more than 60 percent of all investment ratings are currently "buy" button. Heiko Ferber, an analyst at Bank lamp is, in consequence of the continued recovery of an increasing demand for business software. In addition, the course should benefit from the recently arisen as a result of takeovers appointment of former SAP chief Leo Apotheker as CEO of Hewlett Packard. His target price is set high Analyst Ferber from 37.80 to 45 € "buy" recommendation to "hold" by increasing to.

is clearly more skeptical experts assess the prospects for the share of pay channel Sky Germany, whose market risk in the past month declined as strong as that of SAP. For the chronically loss-making station that currently collect even more fresh capital needs to speak of only two of 14 analysts’ buy recommendations to "sell" say six. A look at the value at risk also shows why. Despite the decline last month, the Sky-Germany’s share continues to have a value of 3433 €. At a similar value at risk analysis from the universe is only the DAX company Infineon. Worse, only the solar energy group Conergy cuts with a value at risk from more than 5300 €.

European stock markets in the noon negative – pressure on banks to keep

FRANKFURT (Dow Jones) – somewhat easier to are European stock markets show on Wednesday afternoon , whatever tends to cost requirements from the U.S. and East Asia. based in Japan, slightly above expectations failed Tankan business report and in China is calculated by HSBC Purchasing Managers Index of manufacturing.

"This gives hope to the official index tomorrow , "said one trader. The Euro Stoxx 50 lost to 12.36 clock 0.4% or 12 to 2763 points, the Stoxx 50 is by 0.7 % or 17 to 2499 meters.
In addition to the ISM from the United States on Friday was the official purchasing managers’ index of China ‘s most important business date of the week , they say. Until their publications are likely to market participants to hold back .
Banks under further pressure
As before is shown in relation to sectors in Europe , no uniform trend. With a drop of 1.3 % in the banking index, is the weakness continued in the industry. For exercise statements make of Credit Suisse and the prestigious U.S. banking analyst Meredith Whitney and the capital of Deutsche Bank. Whitney settled in the U.S. banks with a difficult fourth quarter. Among other things, Societe Generale falling 2.1% , RBS 1.6% , HSBC up 1.9 % and BNP Paribas to 1.7%.
In an interview with CNBC , said Whitney, they expect safe with lay-offs on Wall Street in the first quarter of 2011 and expect a volume decline in equity trading in the third quarter of at least 25 %.
As an indication in that direction cost dealer statements of Credit Suisse at a streaky third quarter in investment banking. However, CEO Brady Dougan pointed at an investor conference point to the high activity in mergers and acquisitions business. The shares are listed , therefore, 0.1% fixed .
German bank fall , however, to a further 3.2 % to 38.98 EUR . Because of the ongoing increases which are also sales very high , says the trade.
HP- view helps chip stocks
Technology – values record 0.1% lighter. The increase in the outlook of the U.S. computer maker Hewlett – Packard (HP ) will be in the trade considered positively for the European chip manufacturers. The 2011er sales expectations , the company lies above the market expectation. In Europe, ASML increased by 1.8 %, STMicro by 0.3 % and Infineon to 0.5%.
Hennes & Mauritz charged the retail sector
The sector index the retail value losing after disappointing statements from Hennes & Mauritz 1.4%. The Swedish low-cost clothing chain was disappointed with the quarterly figures, the high expectations. While sales seasoned of Stoxx 50 newcomer , a burden on lower margin of the result , they say. The profit increase of 23% was still expected higher. Due to delays in the construction of new shopping centers, H & M in the current year will also open fewer new stores than originally planned. The stock lost 5.8% to 243.90 SEK . Metro will lose 1 %, Carrefour 1.1% and Ahold 0.6%.
BP stand a positive out with 2.2% price increase to 414 p. As a " confidence "in the trade , the high demand from investors site for the newly launched bonds of BP is rated . BP can now refocus on their business and displace the oil spill in the Gulf of Mexico. Almost all oil values quoted in the red. The sector gaining 0.1%.

DJG / gos / sh