Equity markets reacted to the European Central Bank (ECB) interest rate decision with a fall in prices on Thursday, while government bond yields continued to rise. On Friday, new inflation data from the US may ensure a turbulent end of the week.
The ECB announced on Thursday that it would end bond purchases on July 1, and would then raise its key interest rate by 0.25 percentage points on another interest rate decision on July 21. This is the first increase in ECB interest rates since 2011. When the decision on interest rates is made in September, the main interest rate is even expected to increase by 0.5 percentage points. percentage point, unless the inflation prospects improve.
company in focus
Engineering company Heidelberg pressure expects further growth in sales and profits in the current fiscal year 2022/2023, despite the current cost pressure. Sales are expected to increase from around EUR 2.18 billion last year to around EUR 2.3 billion. Profit margin before interest, taxes, depreciation (EBITDA) is expected to rise from 7.3 percent to 8 percent. The company announced that the increase in material, energy, logistics and personnel costs is to be compensated by its own price increases. Savings should also have a positive effect.
A company that produces consumer goods Beiersdorf is getting a bit more optimistic for the current year. Revenues are expected to increase in the single-digit mid-range percentage range, in line with earlier expectations, although an increase is now expected at the top of the range. The target EBIT margin is the level from the previous year (13.0%). In the second quarter, the group posted strong results for the main brand Nivea, with skincare outperforming body care, CEO Vincent Warnery told investors on Thursday. Sunscreen and face care products are leading this trend. The group confirmed its forecast that sales should grow organically in the mid-digital range this year. Growth should be at the “top end” of the perspective. As previously announced, the operating profit should be at the previous year’s level.
- China – Prices for Consumers and Producers May
- USA – consumer prices May
- USA – Uni Michigan consumer sentiment, June (preliminary)
Resistance Markers: 14315/14330/14589/14603/14706/14925 points
Support signs: 14,226 / 14,201 / 13,871 points
DAX® lost a lot in Thursday’s trading. The clustering of support around 14,300 points initiated only a short counter-move. The index then plunged to a support zone of between 14,226 and 14,201 points, and has even dropped below it at times. Today’s price movements weigh heavily as the index also broke the uptrend of the past few weeks. If there is no permanent stabilization around 14,200 points, it may drop to 13,871 points. On the other hand, the 14,315 to 14,330 point zone is now serving as the drag zone.
DAX®in points; 4-hour chart (1 candle = 4 hours)
Period of observation: April 13, 2022 – September 6, 2022. Historical observations are not reliable indicators of future events Source: Guidants
DAX®in points; Monthly chart (1 candle = 1 month)
Period of observation: 01/06/2017 – 09/06/2022. Historical observations are not reliable indicators of future events Source: Guidants
Discounted purchase guarantees for DAX®
|Essential||WKN||Selling price in euros||basic price in point||Cap level (upper course limit) in point||finalValuation day|
|DAX®||HB6W46||2.70 *||14 100||14,600||August 16, 2022|
|DAX®||HB6W4A||2.00 *||14,500||15,000||August 16, 2022|
* maximum repayment amount of EUR 5; Source: HypoVereinsbank onemarkets; Status: 09.06.2022; 17:14
Sales guarantees with a discount on DAX®
|Essential||WKN||Selling price in euros||basic price in point||Cap level (lower course limit) in points||finalValuation day|
|DAX®||HB6W5C||3.02 *||14 900||14,400||August 16, 2022|
|DAX®||HB6W5G||3.74 *||15300||14 800||August 16, 2022|
* Max. The repayment amount is 5 euros; Source: HypoVereinsbank onemarkets; Status: 09/06/2022 17:16
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Outlook on June 10: Stock markets weaken after the ECB’s interest rate decision first appeared on the onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Bastian Galuschka