Markets

Daily outlook for September 28th: ​​DAX clearly up. Siemens and automakers asked!

The stock markets started the new week with significant increases. The USA in particular provided positive impetus. The NYSE and Nasdaq already rose strongly on Friday and continued the trend today. The DAX® posted a plus of over three percent and the EuroStoxx®50 swung up around 2.9 percent. Economically sensitive values ​​were particularly in demand. This was also reflected in industry indices such as the Solactive Deutscher Maschinenbau Index and the Global Hydrogen Index. Some leading indicators are due to be published tomorrow, and they may provide further impetus.

The bond yields started the week in the area of ​​the closing level on Friday. The yield on 10-year Bunds was -0.52 and the yield on comparable US bonds was 0.657 percent. The precious metals continued their stabilization course from the end of last week. Only platinum improved by around 3.6 percent to 880 US dollars per troy ounce. Investors continued to hold back on oil. The quotation for a barrel of Brent Crude Oil only increased marginally to US $ 42.2 a barrel. The high number of newly infected people slows down the buying mood. The euro / US dollar was able to stabilize above 1.16 US dollars today after the significant setback in the past week. Sustainable buying impulses are unlikely to set in at the earliest above $ 1.169.

Company in focus

Optimistic outlook in China ensured that the shares of automakers BMW, Daimler and VW stepped on the gas today. VW is also planning to invest 15 billion euros in China in the field of e-mobility. With Manfred Knof, she picks up Commerzbank a top manager from Deutsche Bank to the top. The message was well received by investors. LPKF brought in a major order. The share then improved by around 10 percent. Siemens Energy started cautiously on the stock market. At the parent company Siemens this was rated positively and caused a significant price premium at the beginning of the week. BASF and Siltronic benefited from positive analyst comments. Losers of the corona crisis like Airbus, Deutsche Lufthansa and MTU Aero Engines were among the biggest winners today. How sustainable the recovery is remains to be seen.

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Important appointments

  • Germany – consumer price index
  • Europe – business confidence, business climate
  • France Consumer Confidence
  • USA – Consumer Confidence

Chart technical outlook

Resistance marks: 12,900 / 13,060 points

Support marks: 12,420 / 12,600 / 12,810 points

The DAX® started the new week with an upward gap and gradually improved to 12,870 points. This eliminated the losses of the past four trading days. With the breakout above 12,800 points, there is a chance of a recovery to the 13,060 point area. On the downside, the index finds a broad support zone at around 12,600 points.

DAX® in points; 4-hour chart (1 candle = 4 hours)

Observation period: 07/01/2020 – 09/28/2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

Observation period: 09/29/2014 – 09/28/2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

Inline warrants on the DAX®

UnderlyingWKNSales price in eurosLower knock-out barrier in PointUpper knock-out barrier in pt.Final Valuation day
DAX®HR03H46.7311,80016,60011/19/2020
DAX®HZ22T68.5511,00013,800October 15, 2020

Source: HypoVereinsbank onemarkets; As of: 09/28/2020; 5:45 p.m.

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