Indices in this article
The evening market overview compiled by Dow Jones Newswires:
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+++++ HOLIDAY NOTICE +++++
THURSDAY: In Sweden and Finland the stock exchanges were closed because of the three knights.
+++++ STOCK MARKETS (6.15 p.m.) +++++
INDEX Stand +-% +-% YTD
EuroStoxx50 4.324,81 -1,53% +0,61%
Stoxx50 3.823,00 -1,13% +0,12%
DAX 16.052,03 -1,35% +1,05%
FTSE 7,442.26 -0.99% + 1.79%
CAC 7,249.66 -1.72% +1.35%
DJIA 36.320,78 -0.24% -0.05%
S&P-500 4.708,95 +0,18% -1,20%
Nasdaq-Comp. 15.144,93 +0,30% -3,20%
Nasdaq-100 15.827,65 +0,35% -3,02%
Nikkei-225 28.487,87 -2,88% -1,06%
EUREX Stand +-Ticks
Bund-Future 170,34 -20
+++++ RAW MATERIAL MARKETS +++++
ROHOEL zuletzt VT-Settl. +/- % +/- USD % YTD
WTI/Nymex 80,13 77,85 +2,9% 2,28 +6,5%
Brent/ICE 82,39 80,80 +2,0% 1,59 +5,7%
METALS last previous day +/-% +/- USD% YTD
Gold (Spot) 1.790,15 1.810,30 -1,1% -20,15 -2,2%
Silver (spot) 22.16 22.77 -2.7% -0.61 -4.9%
Platinum (Spot) 962.65 985.71 -2.3% -23.06 -0.8%
Kupfer-Future 4,34 4,41 -1,7% -0,07 -2,8%
The oil prices are rising sharply by up to almost 3 percent. The unrest in the country of Kazakhstan and the failure of a pipeline in Libya are causing purchases here. In addition, some actors interpret the unwavering tightening course of the US Federal Reserve to mean that the US economy is evidently in such good shape that even interest rate hikes will not throw it off track. The consequence could then be a higher demand for oil.
The no-interest gold is cheaper by $ 19 and falls back below the 1,800 mark.
+++++ FINANCIAL MARKETS USA +++++
Inconsistent – The US stock exchanges show a stabilization attempt on Thursday afternoon in New York after the price slide from the previous day, but it is on shaky legs. The worries about faster than expected rising interest rates, which sent the shares down on Wednesday, are still smoldering. In addition to energy stocks (+ 2.0%), which are supported by significantly rising oil prices, the daily winners are also bank stocks (+ 1.7%). Rising market interest rates make traditional banking more profitable. In the oil sector, Chevron (+ 0.5%) is lagging somewhat behind. The company is forced to reduce its funding there because of the unrest in Kazakhstan. Walgreens Boots Alliance exceeded expectations on the earnings side last quarter and raised its annual targets. However, the stores in the pharmacy chain are suffering from a lack of staff, which has a negative impact on sales. The course is down 1.5 percent.
+++++ EUROPEAN FINANCIAL MARKETS +++++
Weak – The indices fell significantly in the morning and were unable to recover from the shock during the day. The US Federal Reserve’s minutes from the previous evening had a negative effect, the tone and content of which had turned out to be much more hawk-like than expected. In the afternoon, inflation in Germany rose faster than expected, so that the calls are getting louder that the European Central Bank must also take countermeasures more quickly. In trade, financial stocks are seen as the winners of rising interest rates as a result of tighter monetary policy. With a plus of 1.1 percent, the banks were the strongest sector in Europe. For shares of the ailing Banca Carige it went up in Milan by 4.6 percent. According to Il Messaggero, Credit Agricole (+ 1.2%) is said to have submitted a bid of EUR 1 for the bank. Societe Generale went up 1.9 percent on the Paris stock exchange. The purchase of Leaseplan for 4.9 billion euros by the vehicle leasing subsidiary ALD of Societe Generale met with a positive response from investors. On the other hand, the shares of growth companies that are highly valued on the stock exchange were under pressure.
+++++ FOREIGN EXCHANGE +++++
Forex last +/-% Wed, 8:29 a.m. Mon, 6:50 p.m.% YTD
EUR/USD 1,1305 -0,0% 1,1300 1,1287 -0,6%
EUR/JPY 130,89 -0,3% 131,03 130,11 +0,0%
EUR/CHF 1,0395 +0,2% 1,0341 1,0371 +0,2%
EUR/GBP 0,8352 +0,1% 0,8349 0,8376 -0,6%
USD/JPY 115,79 -0,3% 115,96 115,28 +0,6%
GBP/USD 1,3536 -0,1% 1,3533 1,3448 +0,0%
USD/CNH (Offshore) 6,3935 +0,3% 6,3754 6,3735 +0,6%
Bitcoin
BTC/USD 42,881.61 -1.3% 46,424.34 46,578.50 -7.3%
The dollar is treading on the forex market, while cryptocurrencies, which are considered to be very risky, are giving way. With regard to the interest rate prospects, market experts speak of the fact that risk positions will be reduced here. +++++ FINANCIAL MARKETS EAST ASIA +++++
mostly lighter – the surprisingly hawk-like minutes of the recent US Federal Reserve meeting, which had already sent the US stock markets down on Wednesday, had a negative impact. The minutes showed that the monetary authorities had discussed not only the termination of bond purchases and interest rate hikes, but also the contraction of the Fed’s bloated balance sheet. With the exception of Tokyo and Sydney, the losses at the trading posts in the region were mostly limited. In China, encouraging data from the service sector prevented larger levies. The Shanghai Composite Index fell 0.3 percent. In Tokyo, the Nikkei 225 index fell 2.9 percent. The Japanese equity market was also hurt by the yen gaining ground against the dollar after the greenback rose to its highest level in five years on Tuesday. However, a firmer yen will hurt the profits of export-oriented Japanese companies. For this, shares in the electronics industry were mainly punished on Thursday. Sony lost 6.9 percent, but had increased strongly on Wednesday. Keyence closed 5.4 percent weaker. In Seoul, South Korea, the Kospi lost 1.1 percent. Technology stocks were also sold here. On the Australian stock market, the S & P / ASX-200 closed 2.7 percent lower.
+++++ COMPANY NOTIFICATIONS SINCE 1.30 PM +++++
MERCK KGAA
gets stronger with an acquisition in the USA. The DAX group has signed an agreement to purchase Exelead, a biopharmaceutical contract developer and manufacturer (CDMO), for around 780 million US dollars in cash.
RWE
is building three offshore wind farms in the German North Sea together with the Canadian Northland Power. The wind farms with a total capacity of 1.3 gigawatts (GW) are expected to go into commercial operation in 2026 and 2028, respectively. According to the announcement, RWE Renewables will hold 51 percent of the shares in the joint venture and Northland Power 49 percent.
AMGEN
The biotech company has entered into a research collaboration with its smaller competitor, Generate Biomedicines, to discover and develop protein therapeutics for five clinical target molecules in various therapeutic areas and multiple modalities. As part of the collaboration, Amgen says it will make an upfront payment of $ 50 million for the first five programs, with a potential transaction value of $ 1.9 billion plus future license fees.
BOEING
has received an order for four new Boeing 777 cargo planes from aircraft and aviation services company Atlas Air Worldwide. The first of the 777 machines is expected to be delivered in November 2022, the other three in the course of 2023. The financial details of the order were not disclosed.
WALGREEN BOOTS ALLIANCE
The pharmaceuticals trading group posted adjusted earnings of $ 1.68 per share for its first fiscal quarter. This exceeded both the previous year’s value of 1.22 dollars and the analyst consensus of 1.36 dollars. The US group reported a turnover of 33.9 billion dollars, after 36.3 billion a year ago. Analysts had only expected 32.9 billion.
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Contact the author: [email protected]
DJG / once
(END) Dow Jones Newswires
January 06, 2022 12:38 ET (17:38 GMT)
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