LATE CHECK-IN – companies and markets | News

Evening Market Review, Compiled by Dow Jones Newswires:

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+++++ HOLIDAY NOTIFICATION +++++

MONDAY: Singapore markets remained closed due to the “Islamic Festival of Sacrifice” holiday.

+++++ SHARE MARKETS (18:26) +++++

INDEX reading + -% + -% YTD *

EuroStoxx50 3,471.69 -0.99% -19.23%

Stoxx50 3 499.38 -0.16% -8.36%

DAX 12 832.44 -1.40% -19.22%

FTSE 7 188.21 -0.11% -2.55%

CAC 5,996.30 -0.61% -16.17%

DJIA 31 195.76 -0.45% -14.15%

S&P 500 3,857.66 -1.07% -19.06%

Nasdaq Comp. 11,406.32 -1.97% -27.09%

Nasdaq-100 11,896.44 -1.89% -27.11%

Nikkei-225 26 812.30 + 1.11% -6.87%

EUREX stand + ticks

Bund future 151.26% +119

* on the previous day

+++++ GOODS MARKETS +++++

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

WTI / Nymex 103.65 104.79 -1.1% -1.14 + 43.6%

Brent / ICE 106.31 107.02 -0.7% -0.71 + 41.9%

GAS VT close +/- EUR

Dutch TTF 163.50 169.13 -6.7% -11.71 + 45.2%

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

Gold (spot) 1,735.95 1,742.80 -0.4% -6.86 -5.1%

Silver (Spot) 19.21 19.31 -0.5% -0.10 -17.6%

Platinum (Spot) 872.50 898.00 -2.8% -25.50 -10.1%

Future Miedź 3.43 3.53 -3.0% -0.11 -22.9%

YTD at the end of the day

With the impending blockades in China, fears of a recession deepen and oil demand expectations are lowered – as a result, prices are falling. Traders also cite this as the reason behind the fall in prices in the market for base metals raw materials. This also raises the price of gold to red a bit.

+++++ US FINANCIAL MARKET +++++

The resurgence of the corona pandemic in China weakens sentiment in the stock markets. New Covid 19 outbreaks are being reported from several Chinese cities – including again the economic metropolis of Shanghai. The government has already introduced new restrictions. This means that there is a risk of new supply bottlenecks emerging with corresponding effects fueling inflation. The tech-laden Nasdaq follows the weak technological values ​​of Chinese exchanges. The topic of the talks is also an argument on Twitter – the title loses 8.2 percent. Tesla boss Elon Musk withdrew from the intended $ 44 billion purchase of the short message service.

+++++ COMPANY OUTLOOK +++++

Possible earlier dates – estimated on the basis of the previous year:

– Qiagen NV, 2Q results

– Covestro AG, results for the second quarter

– SLM Solutions Group AG, Score 1H

+++++ ECONOMIC PERSPECTIVES ++++++

There are no valid release dates.

+++++ FINANCIAL MARKETS EUROPE +++++

A lighter trend on Wall Street and news from China weighed on sentiment in the stock market. “China just can’t get over Corona,” said one trader. In addition, the mood was weighed down by concerns about the suspension of gas supplies, the annual maintenance of the Nord Stream 1 gas pipeline began in the morning. Nordex closed by 3 percent. above after the company announced its second capital increase in two weeks. Traders positively assessed that this should end the round of capital increases. Bernstein cut Siemens (-3%) to “worse”. Dufry, the Swiss operator of duty-free shops, takes over Autogrill SpA, the Italian operator of motorway service stations and airport restaurants. The stock market transaction is classified as strategically sound. Dufry increased 3.8 percent, Autogrill lost 7.4 percent and thus was valued close to the cash offer.

+++++ CURRENCIES +++++

FOREX last +/-% Mon, 8:03 Fri, 18:30% YTD

EUR / USD 1.0069 -1.1% 1.0140 1.0160 -11.4%

EUR / JPY 138.32 -0.2% 138.95 138.33 + 5.7%

EUR / CHF 0.9868 -0.8% 0.9926 0.9944 -4.9%

EUR / GBP 0.8469 + 0.1% 0.8469 0.8452 + 0.8%

USD / JPY 137.37 + 0.9% 137.02 136.14 + 19.3%

GBP / USD 1.1889 -1.2% 1.1974 1.2023 -12.1%

USD / CNH (offshore) 6.7211 + 0.5% 6.7084 6.6913 + 5.8%

Bitcoin

BTC / USD 20 433.94 -2.8% 20 480.81 21 662.20 -55.8%

The euro is heading towards the dollar parity again. A complete suspension of Russian gas supplies to Europe would likely lead to a recession in the country Eurozone Analyst Kit Juckes from Societe Generale fears that the euro will drop another 10 percent.

+++++ EAST ASIA FINANCIAL MARKETS +++++

While in Japan, politics determined the direction of the stock exchange, in China it was, in particular, the crown pandemic. The fact that the ruling liberal-democratic LDP party under Prime Minister Fumio Kishida strengthened its position in the upper house elections was well received on the stock exchange. The tailwind on stocks – especially from companies with strong exports – also came from the yen, which continued to depreciate against the dollar to its lowest level since September 1998. It was different on the Chinese stock exchanges: there it fell significantly after the new Covid 19 outbreaks were reported. Additionally, new price data from China were at least slightly higher than expected, which limits the central bank’s room for maneuver. In Hong Kong, casino shares such as Wynn Macau (-6.5%), Galaxy Entertainment (-6.0%) and Sands China (-8.3%) were under heavy pressure due to the Covid-19 outbreak in Macau. week. Technology giants were also responsible for a strong negative in Hong Kong. The relevant sub-index was lagged by more than 4 percent. Beijing has imposed fines on some of the country’s largest internet companies. EML Payments collapsed 25 percent in Sydney after the CEO unexpectedly and suddenly quit the company.

+++++ COMPANY REPORTS FROM 13.30 +++++

BASF achieves surprising earnings growth in the second quarter

Thanks to higher selling prices and positive exchange rate effects, BASF unexpectedly increased its profits in the second quarter with significantly higher sales. As the DAX group informed on the basis of preliminary key data, Wintershall Dea also gained a much higher investment result. BASF sticks to its forecast for the full year “for now”. Sales rose 16 percent to 22,974 billion euros in the three months. According to Vara’s estimates, analysts expected only EUR 21.737 billion for the group. The operating profit (EBIT) before special items is expected to amount to 2,339 billion euros, almost on the same level as in the same quarter last year.

Deutsche Bahn no longer sells reception buildings at train stations

Effective immediately, Deutsche Bahn will no longer sell reception buildings at train stations and intends to design and further develop these areas with cities and communities. According to Deutsche Bahn, with the “course change”, around 700 reception buildings will remain their property. Several properties are exempt from the sale freeze, especially in the event that DB has already entered into contractual or pre-contractual obligations with municipalities.

Klarna experiences a large valuation discount in the financing round

Fintech Klarna Bank raised $ 800 million in a new funding round of just $ 6.7 billion. The Swedish online payment provider said Monday the funding was supported by existing investors including Sequoia and Silver Lake, as well as new investors. In June 2021, Klarna was valued at $ 45.6 billion in a financing round led by Softbank.

Airbus raises long-term forecasts for global aircraft deliveries

Airbus has slightly increased its 20-year estimate for global aircraft deliveries. Airlines can speed up the replacement of old aircraft with newer, more fuel-efficient models, said the European aircraft manufacturer. Airbus now expects to deliver 39,490 new aircraft worldwide by 2041. Of these, 38,600 should be passenger aircraft and 890 cargo aircraft. In line with the old long-term estimate, Airbus was expecting 39,020 new aircraft deliveries in November last year.

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Contact the author: maerkte.de@dowjones.com

DJG / flf

(END) Dow Jones Newswires

July 11, 2022 12:34 PM ET (4:34 PM GMT)

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