Düsseldorf Increasing numbers of infections had that Dax brought the weakest stock market week since June: On Friday, the German benchmark index closed at just 12,469 points, a good one percent in the red. Various risks are causing a rather difficult stock market environment: In addition to the increasing number of infections in Europe and the fear of new restrictions, the approaching US elections and the British exit from the EU continue to be problem factors.
Today, Monday, the focus of investors will be on those of Siemens split-off daughter Siemens Energy. Going out onto the floor is risky because investors and unions are vying for their interests. In the best case, the inclusion in the Dax attracts.
Figures from the Federal Statistical Office could make it clear how things are going about the economic upturn. The leading indicator for commercial sales had risen again in the past summer months after the slump in spring. This trend is expected to have continued into August. On Monday morning, the Dax was slightly up at 12,636 points in the pre-trading session.
What is important today:
1 – Trade in the United States
Once again, it was tech values that gave Wall Street a good weekend. The standard values of the Dow Jones closed on Friday at 27,173 points, up 1.3 percent. The broader S&P gained 1.5 percent, the technology-heavy Nasdaq even 2.3 percent.
Meanwhile, however, investors are still waiting for the government to agree on another bailout package. According to the Treasury and the US Federal Reserve, $ 380 billion has not yet been used. It is unlikely that Democrats and Republicans will pave the way for this money anytime soon, five weeks before the presidential elections.
2 – trade in Asia
The price gains on Wall Street at the end of last week also pushed Japanese stocks on Monday. In Tokyo, the Nikkei Index, comprising 225 values, rose 0.7 percent to 23,371 points. However, fear of the further development of the coronavirus pandemic slowed price gains in Asia. The Shanghai Stock Exchange fell 0.2 percent.
In Tokyo, the cancellation of the IPO of the memory chip manufacturer Kioxia clouded the mood. The shares of the shareholder Toshiba slipped three percent, other chip values also fell.
3 – Siemens Energy goes public
The split-off energy business from Siemens will start on the stock exchange on Monday. Shortly after 9 a.m., the first price for the Siemens Energy paper is to be determined in Frankfurt.
Siemens shareholders were automatically posted to their depots. 55 percent of the new company was distributed in this way. 35.1 percent of the shares initially remain with Siemens, a further 9.9 with the Group’s pension fund.
Siemens Energy is facing major challenges because the energy market is changing. The market for products for coal-fired power plants in particular will gradually collapse. In addition, company boss Christian Bruch wants to trim the company for more margins and, among other things, close locations.
Things could well get off to a turbulent start for Siemens Energy on the stock exchange. This is because many shares end up with institutional investors who may or may not want to hold them because of the automatic booking. For example, funds that track the Dax must sell the new share that is not in the Dax. In Siemens circles, larger fluctuations are expected for at least two to three weeks. In the long term, Siemens Energy is considered a candidate for the Dax in view of its size.
4 – Softbank introduces new robot
The robotics division of the Japanese telecom, media and tech group is presenting a new robot this Monday. Company founder and CEO Masayoshi Son significantly expanded the robotics division after acquiring the then Alphabet subsidiary Boston Dynamics. The company’s best-known robot is the communicative humanoid model “Pepper”, which has been continuously supplemented with new technical capabilities for several years.
5 – Sales trends in trade
The Federal Statistical Office publishes the figures for the sales development of the commercial economy in August. The new leading indicator, which is based on the industry’s advance sales tax returns, rose again after the corona-related slump in March and April, most recently to 125.9 points in July – 1.9 percent more than in the previous month. An increase is also expected for August. Before the crisis in February, the value was 132.5 percent.
6 – French government presents budget
The French government announces the budget for 2021. Despite the recession caused by the pandemic, the debt should not get out of hand.
Dates company on September 28th
- 09:00 Germany: Siemens Energy first listed on the stock exchange after the spin-off from the parent company Siemens
- 08:00 Germany: Federal Statistical Office on producer prices for services, 2nd quarter 2020
- 11:00 Germany: Online presentation of the study “Digital Marketing Benchmarks 2020” by the German Dialog Marketing Association
- 14:00 Germany: Telefon-Pk Finanzagentur for emissions planning of the federal government for the 4th quarter of 2020
- Europe: meeting of EU transport ministers
With agency material.