EUROPE MARKET / exchanges increase profits – cars ahead | News

FRANKFURT (Dow Jones) – European stock markets are booming on Thursday afternoon. The DAX increased by 1.6 percent to 12,801 points, the Euro-Stoxx-50 increased by 1.7 percent to 3,479 points. “The market is approaching central banks more and more,” says one market participant. Central banks could curb inflation without plunging the world economy into a deeper recession, he added. On top of that, the US was importing price stability via the fixed dollar Eurozone an increase in imports through a weak currency.

Samsung provides a cheap template

Also in the spotlight is the reporting season in which Samsung recorded a lot of debt. According to preliminary calculations, sales of the chip giant increased by 21 percent in the last quarter. This supports the sentiment for semiconductor companies as well as for technology companies (+ 1.7%). Semiconductor stocks in particular are very strong after Samsung’s through-sphere. Aixtron gained 4.9%, while Infineon lagged behind with a plus of 1.3%. due to the target price cut by Jefferies.

The main risk remains the gas crisis and the question here is whether gas will flow back to Nord Stream 1 after the repair break that began on July 11 and usually lasts ten days. Meanwhile, the price of gas continues to rise and is 5 percent ahead. The risk is a new rise in gas prices, which will then re-fuel the inflation debate.

With their Stoxx sub-index up 4.1 percent, the car shares top the win with the lac shares. “Due to the drop in sales, many have ignored the fact that margins are very good,” said one market participant. If there is a shift in China now and the US market finds a bottom, sales are likely to pick up again. In addition, they have eased supply chain problems.

Nordex (+ 5.4%) is taking advantage of the good procurement situation. In the second quarter, the company said, orders totaled approximately 1,836 gigawatts after 1,534 gigawatts in the same period last year. In addition, there is little to prevent a return to TecDAX and SDAX, provided that Nordex does not only provide order data in quarterly data.

Lufthansa increased by 2.8% Entrepreneur Klaus-Michael Khne increased his share to 15.01 from 10.01%. This makes him the largest single shareholder before the federal government, which still holds 14.09 percent through the Economic Stability Fund.

“The mood for trading is improving,” said one market participant. After the Metro, Gerry Weber also published unexpectedly good data on Wednesday evening. The company has raised its revenue projections and says it has the potential to make a profit based on EBITDA. Gerry Weber up 10.9 percent

Use weak numbers

At TecDAX, the Suse dropped 1.6 percent after numbers that were actually better than expected. However, the economic situation is giving rise to concern at the moment, says Suse. The trader points out that the company is struggling with negative currency influences. Jefferies believes Suse’s fiscal second-quarter report is somewhat inconsistent. The numbers were in line with expectations, but the tough macro environment makes itself felt in the outlook.

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

Euro Stoxx 50 3 478.70 + 1.7% 56.86 -19.1%

Stoxx 50 3 499.43 + 1.6% 54.08 -8.4%

DAX 12,800.81 + 1.6% 206.29 -19.4%

MDAX 25 466.62 + 2.0% 487.21 -27.5%

TecDAX 2 940.03 + 0.4% 11.15 -25.0%

SDAX 12,060.54 + 1.5% 177.70 -26.5%

FTSE 7 199.85 + 1.3% 92.08 -3.7%

CAC 6,003.54 + 1.5% 91.16 -16.1%

Fixed Income Market Latest Absolute +/- YTD

10-Year Return from Germany 1.24 +0.09 +1.42

10-year profitability in the USA 2.95 +0.02 +1.44

FOREX last +/-% Th 8:02 Wed 17:05% YTD

EUR / USD 1.0191 + 0.1% 1.0207 1.0188 -10.4%

EUR / JPY 138.50 + 0.1% 138.67 138.22 + 5.8%

EUR / CHF 0.9911 + 0.3% 0.9896 0.9886 -4.5%

EUR / GBP 0.8496 -0.6% 0.8544 0.8559 + 1.1%

USD / JPY 135.91 -0.0% 135.85 135.66 + 18.1%

GBP / USD 1.1995 + 0.6% 1.1946 1.1904 -11.4%

USD / CNH (offshore) 6.7070 -0.1% 6.7009 6.7125 + 5.6%

Bitcoin

BTC / USD 20 464.53 + 0.6% 20 265.00 20 127.03 -55.7%

ROHL last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 98.98 98.53 + 0.5% 0.45 + 37.2%

Brent / ICE 101.42 100.69 + 0.7% 0.73 + 35.4%

GAS VT close +/- EUR

Dutch TTF 178.75 174.50 + 4.5% 7.75 + 36.0%

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

Gold (spot) 1,741.46 1,738.77 + 0.2% +2.69 -4.8%

Silver (Spot) 19.38 19.21 + 0.9% +0.17 -16.9%

Platinum (Spot) 876.23 860.15 + 1.9% +16.08 -9.7%

Future Miedź 3.53 3.42 + 3.2% +0.11 -20.6%

YTD at the end of the day

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

DJG / mpt / ros

(END) Dow Jones Newswires

Jul 07 2022 07:02 ET (11:02 GMT)

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