MARKTE EUROPE / stock exchanges start a bit stronger | News

FRANKFURT (Dow Jones) – After the sell-off the day before, the European stock exchanges started a bit stronger on Friday. At the moment, it is nothing more than a technical opposite move. The situation remains unstable. Central banks are now fully committed to tackling inflation and are ready to accept the economic costs it entails. As a result, stock markets face another difficult month, marked by rising key interest rates and a lack of liquidity coupled with rising risk of a recession.

Price data from Europe should not move

The DAX gained 0.3 percent to 13,083 points and the Euro-Stoxx-50 rose 0.2 percent to 3,436 points. In the forex market, the euro rebounded slightly and in the morning it is trading at USD 1.0515. The focus is on the final reading of European consumer prices in May. Here, the first reading of 8.1% is expected to be confirmed. compared to the previous year. In total, prices increased by 3.8 percent. Numbers could only give a boost when there were deviations.

Accents on Friday could cause a large drop in options and futures on indices and individual stocks. At the level of 13 thousand. the decline should continue to support the DAX stronger. As a large selling position of almost 21,000 contracts is open here. There are other larger open positions at 12,800 with a good 12,200 sell and up at 13,650 and 14,000. There is also a larger call position opened at 14,000. Market Participants generally endeavor to ensure that such positions do not become in-the-money before expiry.

Credit Suisse will pay nearly double-digit interest on the last bond issue as investors demand hefty compensation from the troubled institution. As reported by the Financial Times, 9.75 percent. was in place for new bonds, from which the bank wants to raise at least $ 1.5 billion. Basically, companies need to be prepared for higher interest payments in the future due to rising market interest rates and higher risk premiums. Credit Suisse did not stand out early in the trade, gaining 1 percent.

Changes in indexes in the DAX family

Additionally, some changes in the indices take place at the close of the stock exchange. Delivery Hero (+ 2.7%) must leave DAX, followed by Beiersdorf (+ 1.5%), which is leaving MDAX. Hypoport (+ 2%) is also leaving MDAX. Delivery Hero and Encavis (+ 0.1%) are new to MDAX. Grand City is gaining 5.4 percent early in life, Societe Generale is said to have recommended the paper for purchase.

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Stock index last + / -% absolute + / -% YTD

Euro Stoxx 50 3 426.78 -0.0% -1.13 -20.3%

Stoxx 50 3 367.46 -0.1% -3.66 -11.8%

DAX 13,033.66 -0.0% -4.83 -18.0%

MDAX 26 705.86 -0.1% -29.91 -24.0%

TecDAX 2793.11 + 0.0% 0.48 -28.8%

SDAX 12,082.72 + 0.3% 33.75 -26.4%

FTSE 7,025.28 -0.3% -19.70 -4.6%

CAC 5,877.04 -0.2% -9.20 -17.8%

Fixed Income Market Latest Absolute +/- YTD

10-year return from Germany 1.70 -0.02 +1.88

10-year profitability in the USA 3.23 +0.04 +1.72

FOREX last +/-% pt. 7:55 Thurs 18:50% YTD

EUR / USD 1.0527 -0.3% 1.0527 1.0561 -7.4%

EUR / JPY 141.11 + 1.0% 141.05 138.97 + 7.8%

EUR / CHF 1.0154 -0.4% 1.0197 1.0189 -2.1%

EUR / GBP 0.8556 + 0.1% 0.8555 0.8527 + 1.8%

USD / JPY 134.15 + 1.4% 133.92 131.65 + 16.5%

GBP / USD 1.2302 -0.4% 1.2296 1.2382 -9.1%

USD / CNH (offshore) 6.7034 + 0.2% 6.7027 6.6794 + 5.5%

Bitcoin

BTC / USD 21,056.47 + 2.1% 20 756.68 21,090.77 -54.5%

ROHOEL the last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 118.32 117.59 + 0.6% 0.73 + 62.6%

Brent / ICE 120.41 119.81 + 0.5% 0.60 + 59.6%

METALS last day before +/-% +/- USD% YTD

Gold (spot) 1,848.85 1,857.25 -0.5% -8.41 + 1.1%

Silver (Spot) 21.91 21.95 -0.2% -0.04 -6.0%

Platinum (Spot) 952.30 955.07 -0.3% -2.77 -1.9%

Copper Future 4.11 4.11 -0.1% -0.00 -7.6%

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Contact to the author: manuel.priego-thimmel@wsj.com

DJG / mpt / once

(END) Dow Jones Newswires

June 17, 2022 03:44 ET (7:44 GMT)

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