FRANKFURT (Dow Jones ) – After the weak performance last week , the German stock market barely changed in the start Monday. " New load factors have not revealed at the weekend , moreover , the situation is somewhat oversold from a technical point of view , "said one dealer. (Photo : Dt. Börse)
Up to clock 9.50 , the DAX rose by 0.1% or 5 points to 5839 .
Charttechnisch the next resistance is for the domestic benchmark index in the range of 200-day moving average of 5863 points , support is found at the level of the Friday lows of 5833 points. In the second series of the MDAX rose by 0.2% or 16 points to 7846 , while the TecDAX or rise by 0.4% to 3 meters on 729th
No new impetus for the events on the German stock market are likely to start from the beginning of the week very sparsely populated agenda of economic data. The direction set by Wall Street will not be forthcoming , then the stock markets remain on Berichtstag’wegen of Independence from the weekend closed. "The transactions will be thin , "says a trader .
We are looking for in the early business including German Telekom, more expensive by 1.1 % to 9.64 EUR . Analysts at Credit Suisse have raised their rating of the shares of the telecommunications service provider to " Neutral "from" Underperform . " The business units T -Mobile USA and T -Mobile Germany would have developed in the first and in the second quarter better than expected.
For the railway equipment is in light of the latest investment plans by Deutsche Bahn to the top. The company plans to invest up to 2014 a total of EUR 41 billion in routes and vehicles . Siemens to rise 0.9 % to 72.33 EUR , Vossloh to 69.64 EUR by 4.1 % . In addition, further , the German premium car manufacturers are so high on the shopping list . BMW move by 1.1 % before to 38.30 EUR , Daimler to 40.59 EUR by 0.8 % . This further contributes to the hope of an extreme in the current year earnings leverage .
Below average to develop inter alia, financial values. Alliance fall by 0.7 % to 79.88 EUR , Munich Re to 0.6 % 102.25 EUR . Commerzbank to give 0.8% to 5.87 EUR . Brenntag is however more expensive by 0.3 % to 53.15 EUR . Positive analyst evaluates the acquisition of EAC by the chemicals dealer. The purchase price of EUR 160 million with the EAC rate 9.5 times EBITDA for the year 2010 and 6.6 times the EBITDA of 2011. " Historically, normal in the industry multiples to eight have been , the price is so wrong , "says the analyst.
DJG / jej / FLF / voi