Dax & dates in the daily stock market report

Düsseldorf Important impulses are likely to come primarily from the USA on Thursday: with Citigroup and the Bank of America two other major American banks present their balance sheets. JP Morgan and Goldman Sachs had already presented record profits the day before. The results of the food company Pepsico will be added to the bank balance sheets on Thursday.

Despite the US balance sheets, the Dax received little boost on Wednesday. After two trading days with little impulse on Monday and Tuesday, the leading German index closed 0.17 percent lower at 15,209 points. Listed in pre-market trading the Dax on early Thursday morning unchanged from the previous evening.

Investors are likely to take a look at economic indicators today: The analysis of the joint forecast project group provides an outlook on the further recovery of the global economy. In autumn, scientists painted a rather bleak picture for the months that followed. In addition, there are the forecasts of some leading German institutes.

What is becoming important for investors today

1 – Trade in the United States

The US stock exchanges closed inconsistently on Wednesday. The Dow Jones index of defaults went 0.2 percent higher to 33,730 points from trading. The technology-heavy Nasdaq lost around one percent to 13,857 points. The broad S&P 500 lost 0.4 percent to 4124 points.

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The stock market debut of Coinbase was successful: The share of the crypto exchange rose significantly at the start on the Nasdaq, the first price was on Wednesday at 381 dollars. A good 55 percent above the reference price of $ 250 that had been set the night before. In two minutes, the stock shot up to over $ 400. But the paper later lost and closed at $ 328, well below the starting value.

2 – trade in Asia

The Nikkei index, which comprises 225 values, was 0.2 percent higher at 29,672 points. The broader Topix index rose 0.4 percent and stood at 1959 points. The Shanghai stock exchange was 0.8 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 0.9 percent.

3 – US banks provide figures

With Citigroup and Bank of America, two other major US banks are presenting their balance sheets for the first quarter of the current year. Citigroup had earned $ 4.6 billion from October to December last year, seven percent less than the previous year. However, the corporate and investment bank of the Citigroup Increase their profits by 27 percent. The division thus posted the best fourth quarter of all time.

4 – Joint Economic Forecast project group presents an analysis of the development of the world economy

The joint diagnosis project group presents its analysis of the development of the world economy and the German economy for the spring. The joint diagnosis is drawn up twice a year. In the autumn, the scientists had forecast that the economic recovery process would lose steam. For the gross domestic product they predicted growth of 4.7 percent for the current year and 2.7 percent for the coming year.

Some German institutes will also present a forecast for the domestic economy. The spring report is prepared on behalf of the Federal Ministry of Economics. According to the Reuters news agency, the previous forecasts are likely to be revised downwards.

5 – Pepsico presents quarterly figures

The US beverage and food company announces figures for the first quarter of 2021. The high demand for snacks and chips brought Pepsico significant sales growth last year. Revenues climbed five percent year-on-year to $ 70.4 billion. Due to increased costs, however, the annual profit fell from 7.3 billion dollars to 7.1 billion dollars.

6 – Curevac reports on financial results

The biopharmaceutical company reports on the financial results for the fourth quarter of 2020. In the first nine months of 2020, sales amounted to 42.8 million euros. This corresponds to an increase of 304 percent compared to the previous year. At 63.2 million euros, the operating loss was two percent below the previous year’s figure. Curevac is hoping for EU approval of its mRNA vaccine CVnCoV in May and plans to produce up to 300 million doses of the vaccine this year.

Company appointments on April 15th

  • 07:00 a.m., Germany: Fraport, Traffic figures 03/21
  • 10:00 a.m., Germany: Bilfinger, Annual General Meeting (online)
  • 11:55 a.m., USA: UnitedHealth Group, Q1 numbers
  • 12:00 p.m., Italy: Ferrari, Annual General Meeting
  • 12:00 noon, USA: Pepsico, Q1 numbers
  • 12:30 p.m., Germany: Centogene, Years
  • 12:45 p.m., USA: Bank of America, Q1 numbers
  • 2:00 p.m., USA: Dow, Annual General Meeting
  • 2:00 p.m., USA: Citigroup, Q1 figures
  • 2:30 p.m., Switzerland: Nestle, Annual General Meeting
  • 2:30 p.m., Netherlands: Stellantis, Annual General Meeting (online)
  • 6:00 p.m., France: L’Oréal, Q1 sales
  • 10:10 p.m., USA: Alcoa, Q1 numbers
  • Switzerland: VAT Group, Q1 Trading Update
  • Germany: Curevac, annual figures (call 4:00 p.m.)
  • Italy: UniCredit, general meeting and ao AGM
  • USA: US Bancorp, Q1 numbers
  • USA: BlackRock, Q1 numbers
  • USA: Delta Air Lines, Q1 figures

Economic appointments on April 15th

  • 8:00 a.m., Germany: consumer prices 03/21 (final)
  • 8:00 a.m., Germany: Bankruptcies 01/21 and trend March 2021
  • 8:00 a.m., Germany: Manufacturing industry (employees) 02/21
  • 8:45 a.m., France: consumer prices 03/21 (preliminary)
  • 10:00 a.m., Poland: consumer prices 03/21 (final)
  • 10:00 a.m., Italy: consumer prices 03/21 (final)
  • 10:00 a.m., Germany: RWI Essen, online press conference of the joint forecast spring 2021 of the institutes ifo, IfW Kiel, IWH, RWI, DIW
  • 1:00 p.m., Turkey: Central bank meeting under new chairman Sahap Kavcioglu
  • 2:30 p.m., USA: Retail sales 03/21
  • 2:30 p.m., USA: Initial jobless claims (week)
  • 2:30 p.m., USA: Empire State Index 04/21
  • 2:30 p.m., USA: Philly Fed Index 04/21
  • 3:15 p.m., USA: Capacity utilization 03/21
  • 3:15 p.m., USA: industrial production 03/21
  • 4:00 p.m., USA: Stock levels 02/21
  • 4:00 p.m., USA: NAHB index 04721

Other dates on April 15th

  • 9:00 a.m., Germany: Federal Health Minister Jens Spahn and RKI President Lothar H. Wieler press conference on the current Corona situation
  • 9:30 a.m., Germany: Federal Constitutional Court publishes decision on Berlin’s rent cap
  • 09:30 am, Germany: BDI online discussion on carbon cycles – requirements of German industry for the capture, use and storage of CO2
  • 09:30 a.m., Luxembourg: ECJ opinion on the liability of a subsidiary for antitrust violations by the parent company
  • 9:30 a.m., Luxembourg: ECJ opinion on guidelines of the European Banking Authority, Luxembourg
  • 9:30 a.m., Germany: Online speech by Federal Environment Minister Svenja Schulze at the annual conference for the 10th anniversary of the German Climate Consortium
  • 10:00 am, Germany: Federal Association of the German Aviation Industry (BDL) and Deutsche Bahn: Online Pk “Joint action plan for cooperation between DB and air traffic”
  • 11:00 a.m., Germany: Research Minister Anja Karliczek press conference on the current status of drug research against Covid-19 and the announcement of funding recommendations as part of the Federal Research Ministry’s new drug program
  • 11:30 a.m., Germany: Pk to present the police crime statistics 2020 with Interior Minister Horst Seehofer, Baden-Württemberg Interior Minister Thomas Strobl (IMK Chair) and BKA President Holger Münch
  • 12:00 noon, Denmark: WHO Europe online Pk in Copenhagen
  • 12:00 p.m., Germany: Committee of inquiry into the accounting scandal Wirecard. The former secret service commissioner of the federal government, Klaus-Dieter Fritsche, who worked as a lobbyist for Wirecard, is invited as a witness.
  • 1:00 p.m., Germany: Pk for expert opinion on the current data on Germany’s greenhouse gas emissions, in accordance with Section 12 of the Climate Protection Act
  • 6:00 p.m., Germany: Digital premiere of the new electric luxury liner EQS from Daimler
  • 8:30 p.m., Belgium / Great Britain: EU and Great Britain discuss implementation of the Brexit rules for Northern Ireland

With agency material.

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