Börse Frankfurt-News: Fear of the second wave (weekly outlook) | 06/29/20

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FRANKFURT (DEUTSCHE-BOERSE AG) – Investors are still torn between the fear of a new one

Corona infection wave and not a few economic data that give hope

to let. Currently the bears have the upper hand again.

June 29, 2020. FRANKFURT (Frankfurt Stock Exchange). The mood remains weak,

The high number of new infections, especially in the USA, are slowing down the markets. Of the

Dow Jones had closed just over 25,000 points on Friday, the

The increase from June is gone.

After a minus of almost 2 percent in the previous week, the DAX is on

Monday morning at 12,080 points, almost unchanged on Friday. “All in all

the news shows that the aftermath of the pandemic is still going on

are challenging for different industries, “explains Christian

Schmidt from Helaba. He gives the airlines and the as examples

Airport operator. “Hamburg Airport expects 100 this year

Millions of euros in loss. The return to flight and

Passenger traffic in the pre-Corona era is not expected before 2025. “

“Only dramatic second wave of infections with large stock slumps as a result”

According to Robert Halver from Baader Bank, the interim continues

Share corrections. “The extensive monetary and fiscal policy

Measures have caused a sensation, “said Halver, and the United States is also fanning it

transatlantic trade conflict. “The US President will

especially because of his backlog of polls about Joe Biden until the elections in

November safely continues with unsettling shots from the hip

stand out. “There were also occasionally irritating reports from the Corona front.

“However, this does not mean the end of the recovery movement,” says Halver.

The liquidity boom, the lack of a veritable alternative form of investment and the

fierce competition and thus investment pressure among asset managers

important pillars for stocks. “Just an unexpected dramatic second

Wave of infection with extensive reclamations of the economy would be great

Shares slump. “

“Monetary and fiscal policy measures have lost furore”

According to Chris-Oliver Schickentanz from Commerzbank show up

Shares in an unstable environment are surprisingly robust, making purchases great

institutional investors speak. Many have had the rapid recovery since the end

March probably missed and were looking for entry opportunities. But they would have

Stock markets already understand a lot of recovery fantasy, chic dance

therefore expects the consolidation to continue in the short term. “Also from

The approaching reporting season is the bottom of the quarter given the quarter

Business activity in the USA and Europe hardly any positive impulses

expect.”

Chart technology indicates further losses

According to Christian Schmidt, the 200-

Focus on daily line at 12,155 and the 144-day average at 11,953 points

stand. This is also supported by the weekly chart constellation. “At a glance

on the graph it is clear that for the second time in a row the index

Attempt failed, the linear regression going back to the March low

at 12,560 points as well as the 76.4 percent Fibonacci level. “

In addition, the ADX (Average Directional Movement Index) is weakening

Volume has been below average for some time, and especially

the caladiscope indicator shows a very pronounced sideways phase. “In

the past was often followed by downward impulses. “

Important economic and economic data

Tuesday June 30th

3.00 a.m. China: Purchasing Managers’ Index Manufacturing June. Recreation

the Chinese economy is continuing, DekaBank explains. The new

Corona cases in the capital Beijing and the subsequent restriction

would not have been noticeably reflected in the nationwide figures.

Due to the weak order situation in the export sector, the purchasing manager index

but only estimated at 50.5 points.

11 a.m. Eurozone: June consumer prices: DekaBank assumes that

Inflation in June returned to 0.3 percent year-on-year

has increased. This is due to higher prices for petrol and

Diesel as well as the still strong inflation year on year

Food.

Wednesday. July 1

9.55 a.m. Germany: June unemployment figures. Because of the extensive

Economists are not yet expecting short-time working hours to increase significantly

For example, Helaba only expects an increase from 6.3 percent in May to 6.4

Percent in June.

8 p.m. USA: Minutes of the central bank meeting on June 10.

Thursday July 2nd

2.30 p.m. USA: June unemployment rate. With the progressive

Commerzbank’s employment is likely to reopen companies

have continued to grow, especially in the hotel and restaurant sector. For one

Employment increases also say that, for example, the automobile manufacturers

Plants have started up again. In addition, the government sector is likely to return

Hired personnel. The analysts therefore expect an increase in jobs of 4

Million and a drop in the unemployment rate from 13.3 to 11.8 percent.

Friday July 3rd

USA: public holiday. The markets remain closed due to Independence Day on the 4th

July.

Von: Anna-Maria Bags

June 29, 2020, © Deutsche Börse AG

(Deutsche Börse AG is solely responsible for the content of the column. The contributions are not an invitation to buy or sell securities or other assets.)

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