Breathing after the recovery: The German leading index Dax fluctuated in early trading on Tuesday just under the mark of 14,000 points. After catching up the day before, investors are initially holding back: On Monday, the Dax closed 1.6 percent higher at 14,012 points. The reasons for the renewed purchases were the falling yields on ten-year US bonds and the approval of the nearly $ 2 trillion economic stimulus program by the US Congress. The cryptocurrency Bitcoin, meanwhile, barely changed, just below the $ 50,000 mark. On Friday it had temporarily dropped to $ 43,000.
The discussion about possible or not possible easing of the corona crisis is likely to continue. The next deliberations between Chancellor Angela Merkel and the Prime Ministers of the federal states are scheduled for Wednesday.
Hellofresh asked for numbers
Tuesday’s agenda contains various company figures, such as Hellofresh and Kion. The figures from the Hellofresh cooking box mail order company should initially be well received, said a dealer. In early trading, the shares gained 3.3 percent at the Xetra close. Hellofresh is considered to have benefited from the Corona crisis.
The annual figures of the forklift manufacturer Kion and its outlook also had a positive color on the share price, as the pre-market plus of 2.5 percent on Tradegate showed.
Teamviewer relies on takeovers
The software provider Teamviewer is meanwhile on a shopping spree and is expanding the area of augmented reality for industry with a takeover in the USA. The US company Upskill offers real-time interfaces via data glasses and other mobile devices that can be useful, among other things, for skilled workers and maintenance teams, as Teamviewer announced. Investors were pleased, it was 1.4 percent high.
Infineon replaces Nokia in the Eurostoxx 50
The biotech company Morphosys exceeded its own targets in the past fiscal year. That should do the share price, which has recently been weaker, good, said a stockbroker. The stocks gained 3.6 percent in pre-market Tuesday trading on Tradegate compared with the Xetra close.
As expected by experts, the German chip manufacturer Infineon is replacing the Finnish network equipment supplier Nokia in the Eurostoxx 50. The changes will be implemented on March 22nd. Infineon gained easily. The stocks have been bulling for a year.
Asia’s stock exchanges with slight losses
The Asian stock exchanges fell slightly on Tuesday. Investors look ahead to Friday’s annual parliamentary session in Beijing, which is expected to set a course for economic recovery. The Nikkei Index, which comprises 225 values, was 0.4 percent lower at 29,555 points. The broader Topix index fell 0.8 percent and stood at 1887 points.
The Shanghai stock exchange was 1.1 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 1.1 percent.
Euro holds at 1.21 dollars
In Asian foreign exchange trading, the dollar was almost unchanged at 106.78 yen, up 0.1 percent to 6.4696 yuan. In relation to the Swiss currency, it was quoted 0.1 percent higher at 0.9153 francs. At the same time, the euro fell 0.2 percent to 1.2025 dollars and fell 0.1 percent to 1.1009 francs. The pound sterling fell 0.2 percent to $ 1.3893.
Oil price a little weaker
The oil price started the new week with significant increases on Monday. On Tuesday morning, a barrel (159 liters) of North Sea Brent cost $ 64.93. That was around 1 percent less than on Monday. The price of American West Texas Intermediate (WTI) crude oil also fell by almost one percent.
Oil prices were driven by the good mood on the Asian stock markets. In addition, there was the somewhat weaker dollar, which made the commodity traded in the US currency cheaper for investors outside the dollar area. Oil prices are currently near their highest levels in over a year.
In the course of the week, the production policy of the large oil network Opec + will increasingly come to the fore. The merger must decide on its future production. The supply is currently being kept artificially scarce in order to support crude oil prices as demand has been weakened by the corona crisis.