Status: 07/26/2021 7:41 a.m.
After the DAX went one percent higher on Friday, the first indicators in the morning are pointing to a weaker start. But new impulses could come in the morning.
After the turbulent previous week, which raised the DAX to 15,669 points in the end, the leading index is likely to start the new week with losses: Broker IG estimates the DAX half a percent lower to 15,598 points around two and a half hours before the start.
The world’s leading exchange in New York set a new record on Friday. For the first time in its history, the Dow Jones index exceeded the 35,000 mark and closed at 35,061 points. The market-wide S&P 500 and the indices of the tech exchange Nasdaq also reached highs.
In Asia, the picture in the morning is mixed: The Nikkei reported back with profits from the holiday break, on the other hand, China’s stock exchanges fell significantly. The Shanghai composite fell 2.3 percent. The market strategists at Credit Suisse see the losses as a result of new regulatory uncertainties in view of possible government intervention in the private sector. The goal is the private education industry. The focus is also on US Vice Secretary of State Wendy Sherman’s visit to China.
Does the Ifo bring new impulses?
The Ifo business climate index could provide new impetus for the DAX in the morning. In the most important German economic indicator, companies assess their current business situation and their expectations for the next six months every month. During the day, the low-cost airline Ryanair and the luxury goods provider LVMH open their books
It gets exciting after the US stock market closes in the evening. Then Tesla, one of the darlings of young investors, presents its latest figures. Since the beginning of the year, however, the electrical engineering company’s papers have clearly lost value.
Final result expected from Vonovia offer
Vonovia wants to announce the outcome of its takeover offer for competitor Deutsche Wohnen today. The Bochum group had already announced on Friday that it was unlikely to be able to secure enough shares. According to this, Vonovia provisionally got 47.6 percent of the shares, but needs at least 50 percent. This would mean that the second attempt to take over Deutsche Wohnen would have failed for the time being. Vonovia’s next steps are still unclear: It is conceivable, for example, to sell Deutsche Wohnen shares, acquire additional shares or make a new offer to shareholders.
TSMC is considering building a chip factory in Germany
Against the background of the rapidly growing demand for semiconductors, the Taiwanese chip manufacturer TSMC is considering building a factory in Germany. In addition to Germany, the construction of such a plant in Japan is also being examined, CEO Mark Liu said at the annual general meeting that morning. If the considerations are implemented, TSMC strives to share the costs with the customers or the countries.
BMW interrupts production at the Regensburg plant
Due to missing components with computer chips, BMW interrupts car production at the Regensburg plant. A one-week break is planned from today, as a spokeswoman said. After that, a holiday week was planned anyway, so production would resume on August 9th.