What moves shareholders on Friday

ZAt the end of a pleasant week on the stock market, the Dax rose a little further on Friday thanks to economic hopes. In early trading, the leading German index was 0.3 percent higher at 13,084 points. The M-Dax of the 60 medium-sized stock market stocks rose by almost 0.6 percent to 27,997 points. The leading Eurozone index Euro Stoxx 50 gained 0.4 percent.

The prices are currently being driven by the prospect of a Democratic victory in the presidential election in the United States. If this scenario occurs, corporate taxes are likely to rise, but trade relations between America and China could improve again. “The Democrats are also likely to push for fiscal incentives, which should go down well on the stock markets,” wrote strategist Peter Berezin of the analysis company BCA Research.

With a view to individual companies, the online fashion mail order company Zalando is evidently developing into a crisis profiteer. After a strong third quarter, the operating profit will at least more than double for the year as a whole, the Berlin online fashion retailer announced on Thursday after the market closed.

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To the detailed view

Specifically, Europe’s market leader expects an operating result (EBIT) between 375 and 425 million euros in 2020, compared to just under 166 million euros in the previous year. So far, a maximum of 300 million euros had been promised. Zalando is benefiting from increasing digitization and the fact that it is now a matter of course to buy clothes online. After a brief dampening of the outbreak of the pandemic, the company gained new customers who also send fewer goods back, which reduces the high return costs.

The profit jump in the third quarter and the increase in the forecast on Friday were well received on the stock market. The Zalando share listed in the M-Dax small cap index gained around 5 percent in early trading. The Berlin online retailer is now also one of the most promising candidates for promotion to the German leading index Dax.

Henkel is recovering

In the leading index Dax, however, the share price of the consumer goods company Henkel also gained after the presentation of preliminary quarterly figures. The paper took the lead with a plus of 3 percent. The shares gained three percent and were the biggest DAX winner. After growth in the third quarter, the consumer goods group, which was shaken by the corona crisis in the first half of the year, is again confident of making a forecast for the full year and anticipates a decline in organic sales of one to two percent.

The mood on the stock market in Japan, which was weaker on Friday, is less optimistic today. The Nikkei index, which comprises 225 values, was 0.1 percent lower at 23,613 points. The broader Topix index fell 0.5 percent and stood at 1648 points.

Looking at the week, the Tokyo market was nevertheless heading for the strongest growth in two months. The MSCI index for Asian stocks outside of Japan rose 0.8 percent. The main factor was hopes of further stimulus in the United States. The Shanghai Stock Exchange was 1.7 percent up. The index of the most important companies on the Chinese mainland stock exchanges Shanghai and Shenzen gained 2 percent.


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