FRANKFURT (Dow Jones) – The German stock market was launched on Wednesday a little harder in the trade. 9.30 clock wins the DAX 0.3% or 19 points to 6226 . The focus of many companies are results from the first and second row, which make a good impression overall . (Photo : Dt. Börse)
This supports the quotations . The templates from Asia are good, but are partly attributed to catch-up effects of banking Rally defused thanks to the Basel -III rules.
In Japan Sony and Canon impressed with figures. When are the economic data in the U.S., the data on the orders of long-lived assets and the Fed Beige Book at a glance. Technical analysts see the DAX commute further in 6200-6250 points.
For German stock market is in the early business by 2.5 % to 53.28 EUR up. An analyst says of very good numbers, the consensus estimates for the stock exchange operator was too low. Citigroup has confirmed the stock in response to the numbers with "Buy ". Rather critical comment on against dealers. "The figures are better turned out , but much of that goes back only to the savings efforts .
"Everything was better than expected " , says the trade to the Infineon numbers. Both net profit and sales would be higher than expected, also increased the forecast pleases . Bernd Laux of Cheuvreux speaks of excellent figures . "The automotive sector is stable at a high level in the mobile sector , sales increased substantially, and the industrial sector is booming in an unprecedented extent , "said the analyst to Dow Jones Newswires. "However, can the growth rate is unlikely to hold , "said Laux , who anticipates " peak earnings "in the 2010/2011 financial year from October. Infineon gaining 3.1% to 5.20 EUR .
Very pleased to show dealers , given the increased profit forecast by Fresenius. "The positive news flow at the moment is almost frightening , "said one dealer. The strong gains of the otherwise defensive title are clearly justified . According to Jeffries , despite raising the company’s outlook more positive surprises this year are possible. The company, the "Value -play in the sector, " had increased his net income was significantly above their own expectations. Fresenius gain 1.4% to 55.76 EUR .
"Nice , but too small, " says the trade, a share repurchase program of Deutsche Telekom , the stock flies by 0.2 % to 10.34 EUR . The volume of around EUR 400 million spread over nearly six months would exert no major influence on price formation. Mathematically, this corresponds to the purchase of approximately 40 million shares, the trade turnover of two to three days. " athmosphere but this is a good measure to keep the shareholders happy , "said one dealer. Meanwhile, ThyssenKrupp limp with a loss of 0.2 % to 23.36 EUR after the market. Steel values will be avoided after a disappointing outlook from ArcelorMittal.
The figures come from Krones in trading on good, then the stock moves to 1.4%. " All forecasts have been slightly exceeded , particularly like the more precisely forecast to top margin , "said one dealer. Wincor Nixdorf lose against 1.3% to 46.59 EUR . The figures were " failed in line " , says the trade. However, the company has lodged a declining dividend in view. The TecDAX Wirecard move by numbers by 1.2 % before to 8.31 EUR . MorphoSys gain 1.1% to 15.87 EUR . "These are good figures , the bottom line , " one dealer said with regard to the report by the biotech companies.
DJG / mpt / ros / voi
Tags: exchange operator, dow jones newswires, basel iii, german stock market, fed beige book
