May 9, 2008
The Dax index,
The Frankfurt Stock Exchange is expected to pick colors after a difficult week, marked by the publication of quarterly results of many companies and new record oil prices.
The Dax index, which includes the values of the thirty largest German companies, ended Friday at 7.003,17 points, down 0.57% over a week. It is ironed during the meeting to below 7,000 points for the first time since the beginning of the month.
But the stock market should recover, said Markus Reinwand, an analyst at Helaba, in a note. "The recovery of financial markets has been hampered by new highs in oil prices," he says. Nevertheless, the uptrend remains intact ", supported by the prospect" of an anticipated end of the credit crunch, "he says. Some banks have reported an improvement in the markets in April.
It will still time to restore investor confidence, yet warns Mr. Reinwand.
The beginning of the week should be calm, while Whit Monday is a public holiday in Germany, even if the Exchange will be open. Wednesday will instead charge into new businesses, with the publication of the quarterly results of Deutsche Post, the energy giant EON, the construction group Bilfinger Berger, steelmaker ThyssenKrupp and media group ProSiebenSat.1
Thursday will be issued a provisional estimate of Gross Domestic Product (GDP) for the first quarter. According to analysts Dekabank, it should have risen by 0.7% compared to the previous quarter, despite the financial crisis. In the fourth quarter of 2007, it had increased by 0.3%.
On the same day will be announced the results of energy group RWE, and a series of smaller values, among them Salzgitter, Hochtief, Arcandor and Premiere. The final figures for inflation in April will also be published.
Deutsche Telekom and Metro should be under pressure on the occasion of holding their general assemblies, which will be followed by the payment of dividends for 2007, resulting in a generally declining stock price.
by erectusplus at 10:07 AM |
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