FRANKFURT (dpa-AFX) – Investors in the German stock market are likely to be reluctant to trade early on Monday. The Dax should test the 12,000 point mark. The X-Dax (DAX 30) as an indicator for the leading German index indicated a decline of 0.86 percent to 11,985 points about an hour before the start of trading. In the previous week, the Dax had posted a minus of almost two percent. The EuroStoxx 50 (EURO STOXX 50) is expected to be around one percent lower on Monday morning.
Investors are still torn between corona concerns and economic data suggesting the economy is recovering. Last week, high numbers of new infections in the USA in particular had a negative impact on the Dax. “The struggle of investors for the broader perspective has not yet been decided,” it said in the current issue of Fuchs-Kapital. “The stock exchange has speculated that the economy will recover. Now the real economy has to deliver. We’ll stick to it: wait and see.”
On Monday, both the economic and corporate calendar are relatively empty. Consumer prices are coming up in Germany. When it comes to the individual values, the payment service provider Wirecard, which has since become insolvent, is likely to be very high. The share still listed in the Dax had lost almost 99 percent in the past seven trading days and should continue to fluctuate violently. In pre-exchange trading on the Tradegate trading platform, the shares recovered by up to 43 percent compared to Friday’s Xetra closing price.
Ströer’s (Ströer SECo) securities could also be worth a look after the US investment bank Goldman Sachs downgraded them from “Buy” to “Neutral” due to their recent above-average price development. Tradegate’s outdoor advertising paper fell 1.4 percent compared to Friday’s Xetra closing price.
The German residential property group ADO Properties wants to take over the Berlin competitor Consus Real Estate completely. According to its own statements, Ado already has commitments from the shareholders to achieve a total stake of more than 80 percent. Ado wants to finance the deal with a capital increase of 450 million euros. In addition, the company’s own shareholders should forego a dividend for 2019. No course has yet been set on Tradegate.
The real estate company TLG (TLG IMMOBILIEN), which was recently taken over by Aroundtown (Aroundtown SA), has separated from retail properties worth almost half a billion euros. The properties are located throughout Germany and were sold above their last book value, as reported by TLG Immobilien on Monday morning in Berlin. With the money, TLG wants to strengthen its liquidity and capital structure and concentrate on office properties in the future. Aroundtown titles recently rose slightly on Tradegate
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