market report
The DAX is likely to start the last trading day of the year without any significant stimulus. Many investors have already completed the trading year. There is also little support from the stock exchanges in the USA and Asia.
According to pre-market indications, the DAX will start trading at 16,715 points. This corresponds to a small increase of 0.1 percent. Yesterday the index lost 0.2 percent to 16,702 points, also without major fluctuations.
Trading will end today at 2 p.m. Many large investors such as fund companies had already closed their books on the previous days, so stock market turnover and price fluctuations for most individual stocks are likely to be correspondingly low today.
On Wall Street, the US indices remained near their highs in the evening. The hope of falling interest rates in the coming year continues to drive prices there. The Dow Jones index of standard stocks closed 0.1 percent higher at 37,710 points. The technology-heavy Nasdaq was barely changed at 15,095 points. The broad S&P 500 also ended trading little changed at 4,783 points.
The Tokyo stock exchange fell slightly in the morning, also at a high level. The Nikkei index closed 0.2 percent lower at 33,464 points. The broader Topix index fell 0.1 percent to 2,360 points. The Shanghai stock exchange was up 0.3 percent. The index of major companies in Shanghai and Shenzhen gained 0.1 percent.
In the morning, the euro cannot defend the $1.11 mark it reached yesterday. The European common currency is currently trading just below that at $1.1067. The prospect of falling interest rates in the USA has given the euro a significant boost in recent weeks.
Oil prices rose slightly in the morning. A barrel of North Sea Brent currently costs $77.55, a barrel of US WTI is $72.12. Investors continue to keep an eye on the situation in the Red Sea. After attacks by the Iran-backed Houthi militia in Yemen, major shipping companies ordered a temporary halt to these routes. But there are increasing signals that this could soon be lifted
On the German stock market, price fluctuations in DAX & Co stocks are likely to be limited during shortened trading. The DAX is heading for an annual increase of around 20 percent.
The technology stocks Siemens and SAP, two of the top performers in the DAX at the end of the year, are among the 100 most expensive listed companies in the world: According to calculations by the consulting firm EY, the software manufacturer SAP had a market value of a good $181 billion as of December 27th Rank 61 (previous year: 106).
According to EY information on Friday, Siemens climbed from 115th to 88th place within a year with a market value of almost $148 billion. At the end of 2022, no German company was ranked among the top 100.
ThyssenKrupp shares have had a significantly worse year, gaining around eight percent. According to the savings bank fund company Deka, the traditional Essen group suffers from a lack of willingness to change. “Too little has happened” in the past two years, criticizes Deka expert Ingo Speich in the “Die Wirtschaftsreporter” podcast of the Westdeutsche Allgemeine Zeitung. Thyssenkrupp “continues to be a world champion in announcements,” said the manager of the fund company.
Chinese technology giant Huawei Technologies expects sales of more than 700 billion yuan ($98.5 billion) in 2023. Acting CEO Ken Hu said this in an internal New Year’s message seen by Reuters. Accordingly, the Chinese company’s sales are growing by around nine percent compared to the previous year. As of 2019, U.S. sanctions had crippled some of the company’s businesses because they restricted access to key global technologies such as advanced chips.