FRANKFURT (Dow Jones) – German shares are traded on Thursday afternoon still a bit easier. The DAX lost 0.3% at 13.00 clock or 20 to 6227 points. Something will be charged the atmosphere , according to merchants from a downgrading of Spain by Moody’s. Quite surprisingly, do not get the step , however, says the trade. (Photo : German Stock Exchange)
Market participants believe that the sideways movement of the last days between just 6200 and 6300 good points continues. Quarter- end were in the course rather smaller purchases possible , some market participants might , to many people after the surprisingly strong September or improve their balance sheets.
With voltage, the investors are waiting on statements from the Irish government about the way forward for the troubled Anglo Irish Bank. According to Standard & Poor ‘s (S & P ) could rescue the costs are EUR 35 billion , which would correspond to about 22 % of Irish GDP. According to the Minister of Finance could be the new debt is now rising to 32% of GDP.
Meanwhile, sounding statements of the Irish Central Bank to Anglo Irish in the opinion of a dealer " encouraging ". According to the central bankers , the total capital needs of the Bank amounted to 29.3 billion EUR or additional EUR 5 billion . "That would be a good number, " says the trade after S & P has estimated the cost much higher.
However, it is not clear how the estimates were . For the information of the Central Bank based on a stress scenario. Furthermore, it was unclear what would happen with the subordinated bonds. Thus, the uncertainty is still not banned.
One day before the end of rights trading certified dealer for the last arg of the capital under the wheels of obscurities shares of Deutsche Bank’s upside potential. " I suspect that some players have recently gone into the stock short , hoping to get great rates on auction tomorrow at the new pieces , "says the dealer.
He predicted , however, that this bill would not rise , rise of the options price and be covered no later than Friday, the short positions in the stock would have . German bank gain 1.5% to 39.85 EUR .
Even more it goes up with Thyssen, the increase by 1.9% to EUR 24.03 . Investors react with relief to the collective bargaining agreement in the steel industry. " That would also significantly less able to turn out for the company , "says a participant . The compromise both sides could live with. The threat of strike was averted it.
On a more bullish sentiment by statements of ThyssenKrupp CEO Ekkehard Schulz to the ‘FT’ will . The production run at full speed , the demand from the automotive, electronics and household goods sector was large, and it is likely to until well into next year to change anything , the CEO is quoted as saying.
In the second row put MDAX Salzgitter by 2.5 % and the shares of the steel trader Kloeckner & Co by 0.9 %.
On the losing side at the top of the DAX Allianz related to a fall of 1.2 % to 82.63 EUR . Dealers refer to the assessment of the EU ‘s General Prosecutor, that insurers are not the prices of products should the sex of the policyholder addictive. The insurer is the subject of " sensitive, " said a dealer.
For example, many insurers would offer to lower premium payments for life insurance for women since it reached a statistically higher age. Therefore is also a long court dispute to be expected. The award of the EU – Attorney-General is not binding and have no immediate practical consequences , but will follow a rule by the European Court of Justice.
The MDAX- listed shares of Cable Germany loses 1.0% to 22.29 EUR . "The placement is not unexpected " , is heard by a dealer. Such speculation had been complacent a week ago . After the very good recent development charges would be in the title not so bad , it is said of someone else.
The main shareholder of Kabel Germany , Providence Equity Partners sold a stake of up to 16.7 % in the cable operator. Prior to this position was 60,37% at Providence Cable Germany. The pieces are to be allocated EUR 27.50 , as they say in the trade.
The share of the airport operator Fraport increases by 1.3% to 44.62 EUR . In trade , reference is made to a newspaper report that the company will grow in the coming years much faster than the market. One analyst says , however, that the statements move in line with expectations .
During the MDAX as the DAX by 0.3 % yields , pulls the TecDAX by 0.4 %. Reason, increasing prices of some solar stocks, especially of SolarWorld, the 5.5 % gain to 9.18 EUR .
DJG / hru / mpt / cln / mrf