In the hope for positive Surprises in the upcoming reporting season, investors in the German stock market. In addition, they put on a rapid normalization of the economy. The Dax at the opening on Monday by 1.5 percent to 12.820 points.
"U.S. banks JPMorgan, Citigroup and Wells Fargo prior to the Tuesday Numbers," said Ray Attrill, a senior investment strategist for the National Australia Bank. "The General assessment is that the bar is set so low that the results will almost be inevitable 'better than expected'." Courage made investors in addition, positive results of a study on the effectiveness of the Gilead-drug Remdesivir for the treatment of Corona patients.
Against this Background, investors were able to access in the case of cyclical values. So the title of auto supplier Continental, of the chemical group Covestro and Deutsche Bank, respectively, more than two percent won. Among the winners of cyclic values such as the share of the building material producer Heidelberg Cement, the aircraft turbine specialists MTU Aerospace, and the chip manufacturer Infineon, therefore.
Asia Also is on the upswing
The prospect of additional economic aid from the Chinese Central Bank and the hope of strong corporate balance sheets gave a boost to the Asian stock exchanges. The leading index of the stock markets of Shanghai and Shenzhen, rose on Monday by up to 2.6 percent to a Five-year High of 4878 points. The Shanghai stock exchange reached 3458 meters temporarily, the highest level since two and a half years.NIKKEI -- -- (--) TOKYO SECitigroupBNP Paribas 3M 1J 3J 5J For detail view
The Japanese Nikkei Index gained two percent to 22.785 points. Since the Coronavirus crisis, the expectations of the business figures of the companies are very small, be positive Surprises in the upcoming reporting season is inevitable, said stockbrokers. In Parallel, a Chinese Central banker for the second half of the year, further monetary policy support for the world's second-largest economy in view.
another mood brighteners were also in Asia, the positive results of a study on the effectiveness of the Gilead-drug Remdesivir for the treatment of Corona patients. Against this Backdrop, investors were able to access in the case of cyclical values. The shares of Japanese carmaker Mazda, Honda and Mitsubishi increased by up to 8.8 per cent.Updated Date: 13 July 2020, 04:20