Dax holds over 14,000 points despite weakness

Dax Dax

The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa

Source: dpa-infocom GmbH

FRankfurt / Main (dpa) – Investors in the German stock market have once again reacted with snuff to rising bond yields and the sell-off in technology stocks.

The Dax temporarily fell below 14,000 points, but recovered in late trading after a friendly opening on Wall Street.

Ultimately, the leading German index lost 0.17 percent to 14,056.34 points. The day before, the leading index had reached a record high of almost 14,200 points. The MDax of medium-sized companies lost 0.80 percent on Thursday to 31,309.21 points.

Most of the other major European equity markets posted moderate losses. The EuroStoxx fell by 0.21 percent and the Paris Cac 40 stagnated at the previous day’s level. The London FTSE 100 was down 0.37 percent. The New York Dow Jones Industrial was last 0.17 percent up.

Despite recent soothing words from Fed chairman Jerome Powell that a tightening of monetary policy is still a long way off, the markets have not yet been able to shake off fears of rising bond yields, said analyst Sophie Griffiths from broker Oanda. A return of 1.5 percent is not much compared to the level before the pandemic.

However, the pace of the ascent is a cause for concern, according to Griffiths. On Thursday, the yield on ten-year US Treasuries rose significantly to 1.47 percent. Bonds become an alternative for investors when interest rates rise. Money from the stock market could then drain away.

Overall, the latest trend continued: Highly valued stocks and crisis winners were sold, again to be seen on the prices of Shop Apotheke, Hellofresh or Westwing. Representatives of the “old economy” and those who profited from opening strategies after the lockdowns were more likely to be bought.

Volkswagen climbed to their highest level since the beginning of 2018 and, with a plus of 2.1 percent, were among the best DAX values. RWE rose at the top of the Dax by 2.5 percent. The utility’s stocks benefited from a buy recommendation from Societe Generale. At the end of the Dax, the papers of the chip company Infineon were in line with the weak technology sector with minus 6.5 percent.

Otherwise, the reporting season determined the events with figures from the pharmaceutical and chemical company Merck KGaA, the real estate company Vonovia and the consumer goods manufacturer Henkel from the Dax. Merck fluctuated strongly in the course of trading, but ended unspectacularly at plus 0.2 percent. The Darmstadt-based company met expectations, so the tenor. Vonovia and Henkel rose by 0.9 and 1.7 percent, respectively.

The shares of the media group ProSiebenSat.1 in the MDax were very weak with minus 7.3 percent after a disappointing outlook. On the other hand, according to numbers and a medium-term more optimistic forecast, the paper of the plant manufacturer Gea went up by 1.8 percent. The business figures of the energy company Uniper rewarded de investors with a plus of 2.3 percent. In the SDax, Global Fashion Group slumped by 12.6 percent after placing a convertible bond.

The euro last cost 1.2038 US dollars. The European Central Bank (ECB) had set the reference rate in the afternoon at 1.2034 dollars.

On the bond market, the current yield rose from minus 0.37 percent the previous day to minus 0.35 percent. The Rex bond index fell 0.13 percent to 144.68 points. The Bund future gained 0.17 percent to 174.22 points.

© dpa-infocom, dpa: 210304-99-683094 / 6


Börse Express – Cleen Energy increases its capital / First of all, existing shareholders are allowed to access

The listed lighting specialist Cleen Energy from Burgenland wants to increase its capital in order to finance further growth. New shares with a nominal value of EUR 200,000 are to be issued at a subscription price of EUR 4 per share. First of all, existing shareholders may pick up one new share for every 18 shares between March 15 and 29. The company announced that any paper that was not sold is to go to investors as part of a prospectus-free private placement.

tsk / vos

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Börse Express – Weil quickly calls for clarification about vaccine from Johnson & Johnson

Lower Saxony’s Prime Minister Stephan Weil has criticized the procedure for the approval of the corona vaccine from Johnson & Johnson in Europe. It was “incomprehensible” to him that the drug agency EMA wanted to take another two weeks, said the SPD politician on Monday. In the United States, the drug received emergency approval on Saturday. “Why can the responsible committee in Europe only issue a recommendation in mid-March? Sorry, but that has to go faster,” said Weil. The vaccine is very promising – also because only one vaccine dose is required per person.

The US company Johnson & Johnson applied for approval from the EMA in mid-February. The responsible committee intends to give its assessment in mid-March. According to an interim result of the Phase III study, the vaccine offers 66 percent protection against moderate or severe Covid 19 disease courses four weeks after administration. The effectiveness against serious illnesses was given with 85 percent. According to studies, the effectiveness of some competing products is higher, the values ​​from Johnson & Johnson but are still considered good.

Lower Saxony is at the bottom of the list in terms of vaccination progress nationwide. Only in Saxony-Anhalt and Brandenburg is the proportion of residents who have received the first vaccination even lower./cwe/DP/eas

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AXC0152 2021-03-01/11:39

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26 undervalued stocks for 2021 – Morningstar

  1. 26 undervalued stocks for 2021Morningstar
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  3. The state of health of Italian banksMorningstar
  4. View full coverage on Google News


These companies pay the most

Nestlé plant in the Philippines

The Swiss group is the largest dividend payer in Europe.

(Foto: Bloomberg)

Frankfurt, Düsseldorf So far it doesn’t look like the all-clear: The spreading mutants of the Covid-19 virus ensure that people are mostly at home and that the economy does not take off as hoped. For shareholders this means: after a year 2020 with massive dividend cuts around the globe, companies will also reduce their distributions in the first quarter of 2021. This is what the British fund provider Janus Henderson found in a study available to the Handelsblatt.

According to the fund managers, the decline will be less than in the second half of 2020. And despite great uncertainty about how quickly the virus can be contained by vaccinations, there is hope that companies around the world will be able to distribute more for the year as a whole: at best, expect fund managers five percent higher dividend payments totaling $ 1.32 trillion. If the pandemic subsides more slowly, companies could also slightly reduce their distributions further.

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Börse Express – VW works council: Missing battery cells slow down Golf production

Not only missing electronic chips, but also scarce battery cells slow down according to the VW
Works council started the production of the hybrid models of the new Golf 8. “In Germany, 60 percent of all Golf orders are for hybrids, in Europe 40 percent,” said group works council chief Bernd Osterloh of the “Braunschweiger Zeitung” (Saturday). Hybrid cars have both a combustion engine and an electric drive. The problem: “We don’t have enough battery cells to be able to process all orders quickly,” he said. Even if chips were available for electronic control, not all cars could be built.

Because of the semiconductor bottleneck alone, VW has had to throttle work in Wolfsburg, Emden and other plants in the past few weeks. The car manufacturer has announced that it intends to open up new supply channels and secure them by contract.

Apparently the top of the group misjudged the demand, said the head of the works council. The profitability of the core brand VW could be better had it not been for start-up problems with the Golf 8 and the all-electric ID3 and ID4 models. Recalls for installing software updates and the missing parts for the Golf caused further costs and reduced profits. “That must not be ignored when the profitability of the VW brand is discussed and criticized again,” said Osterloh of the newspaper.

The semiconductor shortage has recently hit numerous car manufacturers and suppliers. With the producers of IT components, demand from the automotive industry had risen for years, but then collapsed in the Corona crisis. The chip manufacturers quickly found new customers, for example in entertainment electronics./fko/DP/nas

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Shares of Norilsk Nickel fall after the accident – Business – Kommersant

Norilsk Nickel fell 4.9% against the backdrop of a new accident at the processing plant and statements by MMC President Vladimir Potanin about its causes and measures to be taken. According to him, the accident occurred due to a gross violation of safety regulations. Stating that the company’s efforts to prevent such incidents “are apparently not enough,” he said that the company would invest 100 billion rubles in the next five years. into industrial safety. The negative market reaction was comparable to that which took place after the spill of 20 thousand tons of oil products – then the shares fell by 5%. However, the fall on February 20 was limited to this: at the close of trading, shares fell in price relative to the opening by only 3.6%.

Shares of Norilsk Nickel on the Moscow Stock Exchange fell 4.9% to 14:40 amid a new accident at one of the company’s production assets. On the night of February 20, the building of the ore transfer point and the adjoining gallery of the crushing shop, where a team of eight people worked, collapsed at the Norilsk dressing plant. According to preliminary data from the Ministry of Emergencies, the area of ​​the collapse was about 1 thousand square meters. m. Eight workers of the contracting organization who carried out repairs there were under a pile of debris. It is known about three dead, five were hospitalized, three of them, according to the governor of the Krasnoyarsk Territory Alexander Uss, are in serious condition.

Norilsk Nickel President Vladimir Potanin said that the company will tighten industrial safety requirements at its facilities. “Norilsk Nickel pays serious attention to these issues,” he says. “Such cases are decreasing. A lot of money is being invested. Apparently, efforts are not enough. Taking responsibility, we will tighten requirements for industrial safety in order to prevent this from happening in the future, ”Vladimir Potanin said. According to him, the company plans to invest 100 billion rubles in the next five years. into industrial safety. The cause of the accident, Vladimir Potanin said, was a gross violation of safety regulations.

The head of the factory was removed from his post. Nornickel has formed a headquarters for the elimination of the accident

The market reacted to the news of the accident by lowering the price of MMC shares by 1.36%, to 27.7 thousand rubles. a piece. After the statements of Vladimir Potanin, the decline accelerated to almost 5%. When there was a large-scale fuel spill at a thermal power plant near Norilsk, the company’s shares fell by 5%. In February, when the court ordered the company to pay 146 billion rubles. for this spill, Norilsk Nickel fell 1%. On February 19, the company said it would not appeal the court ruling and would pay compensation.

Nevertheless, after the failure in the afternoon, the rate of shares of MMC leveled off. At the close of the main trading session on the Moscow Exchange, the decline to the opening price was only 3.6%.

Evgeny Zainullin


Acting head of the Ministry of Internal Affairs of Nizhnevartovsk dismissed after imitation of a rally at school

Acting head of the Ministry of Internal Affairs for Nizhnevartovsk (Khanty-Mansiysk Autonomous Okrug) Oleg Suraev was dismissed after organizing a training session to disperse a “protest action”, where high school students were involved – both as “OMON” and as “protesters”. This was reported by the press service of the regional department of the department.

“As a result of the audit, a decision was made to dismiss the acting head of the Russian MIA Administration for the city of Nizhnevartovsk, Oleg Suraev, from the internal affairs bodies,” the statement of the regional department of the MIA says. In addition, employees of the personnel department were warned of incomplete official compliance and were severely reprimanded.

On February 15, the local TV channel Megapolis published a video where a group of 10 and 11 graders under the supervision of the Ministry of Internal Affairs and the National Guard, armed with shields and truncheons, conducts a training session to disperse an “unauthorized action” in the gymnasium of school No. 42 in Nizhnevartovsk. Schoolchildren also played the role of “protesters”. They threw volleyballs at OMON. Those, in turn, “detained” one of the students.

Later, the deputy head of the city’s education department, Yuri Toropov, explained that the training was a “practical part” of a “career guidance” class among high school students, and before that, employees of the Ministry of Internal Affairs and Rosgvardia held a “theoretical lesson” at the school, familiarized the students with specialized universities, the peculiarities of work and the uniform of employees departments. However, after the distribution of the video about the event, the local department of the Ministry of Internal Affairs called the use of minors in such training “unacceptable”, and also began an internal check of the incident.

A year earlier, a similar incident occurred in Tatarstan in the village of Novotroitskoye. Then the police, as part of a demonstration training, “dispersed a rally” consisting of ninth-graders in a local high school, conducting educational “detentions”. The video of the event appeared later on social networks, the first was published by a local resident Ekaterina Panteleeva (now the account has been deleted). Later, the Ministry of Internal Affairs claimed that the “protesters” were employees of the department, and the Rosgvardia generally denied any involvement in this event.


“Why not 25 years?” – Mir – Kommersant

Polish President Andrzej Duda called on Minsk to immediately release the journalists of the Polish TV channel Belsat broadcasting in Belarus Yekaterina Andreeva and Daria Chultsova. On Thursday, a Minsk court sentenced each to two years in a general regime colony for reporting from an unauthorized protest in November last year. Meanwhile, the Belarusian courts continue to consider high-profile cases, which the opponents of the current government call political.

On Thursday, judge Natalya Buguk issued a verdict that could become one of the new irritants in Belarus’s relations with Western countries. Belarusian journalists Yekaterina Andreeva and Daria Chultsova were sentenced to two years in prison. Employees of the TV channel “Belsat” (financed from the budget of Poland, is part of Polish television and positions itself as “the first independent TV channel in Belarus”).

“Accused, do you understand the verdict?” – Judge Buguk clarified at the end of the session. “No, what is it?” – asked Ekaterina Andreeva. “Why not 25 years?” – Daria Chultsova interrupted.

The girls were detained during an unauthorized protest on November 15, 2020.

Moreover, they were broadcasting live from one of the apartments in the area of ​​the Minsk “square of changes”, where they were detained by the police.

This place got its name after an image of opposition-minded DJs appeared there on one of the walls of the transformer booth, who played the song “Change!” At a municipal concert. Viktor Tsoi. On November 11, local residents and a group of unknown people clashed in this place. Minsk resident Roman Bondarenko was beaten and detained by these unknown persons. He later died in hospital. The death of Roman Bondarenko prompted thousands of people to take to the streets. Hundreds of people, including two journalists from the Polish TV channel, were then detained.

In November, Yekaterina Andreeva and Darya Chultsova were arrested for a week for “violating the order of holding mass events”, but then charged with organizing “group actions that grossly violate public order.” Thursday’s verdict was much harsher. “The regime of Belarus committed an obvious crime by condemning the Belsat TV journalists Yekaterina Andreeva and Darya Chultsova to two years in prison only for the fact that they were fulfilling their professional duties. This is a violation not only of international norms, but also of Belarusian legislation, ”the TV channel said in a statement.

The verdict on the journalists was harshly criticized by a number of international organizations and foreign politicians. “In connection with the condemnation of the Belsat journalists, the President of Poland Andrzej Duda instructed the Polish diplomats in Minsk to convey to the Belarusian side his resolute protest against the repression of freedom of speech and the rights of citizens, a call for their termination and amnesty,” announced the head of the administration of Andrzej Duda Krzysztof Szczerski …

President of Poland Andrzej Duda

Photo: Francisco Seco / AP

“Belarus: the shameful persecution of the media continues. The European Union strongly condemns the verdict to the journalists of the Belsat TV channel Yekaterina Andreeva and Darya Chultsova for simply doing their job and calls for its cancellation, ”said Peter Stano, spokesman for EU diplomacy, Josep Borrel.

The European Broadcasting Union (EBU) also called on to release the journalists. It is not excluded that new sanctions will be imposed against Minsk “based on the aggregate merits”.

Thus, the Swedish MEP Karin Karlsbru is collecting signatures under a letter to the EBU demanding that Belarusian performers be barred from participating in the Eurovision Song Contest.

“Eurovision is a major musical event that unites European countries. There is no place for a state TV company that harass its employees and journalists and has a manager included in the EU sanctions list, ”the politician is sure.

The court decision against Yekaterina Andreeva and Darya Chultsova is a continuation of a series of criminal and administrative cases related to the summer presidential campaign and the subsequent protests against the election results. In total, according to the estimates of Belarusian human rights activists, 33 thousand people were detained for participating in the protests during this time, 255 prisoners are called political by human rights organizations.

According to the Ministry of Internal Affairs of Belarus, this week the security forces conducted about 90 searches at the residence of members of “unregistered organizations” and “protest media resources,” including the human rights center “Viasna” and the Belarusian Association of Journalists.

Last week, the lawyer of the oppositionist Maksim Znak (member of the Coordination Council of the opposition), detained in the fall, Dmitry Laevsky, said that additional charges were brought against his client – of conspiracy to seize power, as well as of creating and leading an extremist group. Similar charges were brought against another member of the Coordination Council, Maria Kolesnikova. During the presidential campaign, lawyer Maxim Znak himself was a lawyer – he defended the interests of Viktor Babariko, who was nominated for the presidency, but was not registered by the CEC of Belarus as a candidate.

This week in Minsk, the Supreme Court of the republic began hearings on a criminal case against former top managers of Belgazprombank, including Viktor Babariko. Previously, Mr. Babariko served as chairman of the bank’s board and now faces imprisonment for up to 15 years on charges of accepting a bribe on an especially large scale by an organized group and legalizing the proceeds of crime. The text of the accusation against him alone took more than 300 pages – they began to be read in court on Wednesday. The son of the ex-presidential candidate Eduard is also under investigation on charges of tax evasion. His daughter Maria’s apartment and garage have been arrested, and on Wednesday the court rejected a motion to lift the restrictions.

“Everyone is worried about Babariko: ah, the president’s rival was imprisoned. Yes, I didn’t care about such competitors, ”Alexander Lukashenko commented on this case, speaking at the All-Belarusian People’s Assembly last week.“ I’ve built property in Turkey, mansions here, no one lives like him – cars, houses. I got children involved in this, I opened businesses. Should I look at this calmly? ” In turn, Viktor Babariko denies his guilt, and the banker’s defense calls the charges brought against him “groundless”. On Thursday, the press secretary of the President of the Russian Federation Dmitry Peskov did not rule out that the case of Viktor Babariko would be discussed at the upcoming meeting of the Presidents of the Russian Federation and Belarus Vladimir Putin and Alexander Lukashenko on February 22.

Galina Dudina


Börse Express – Corona crisis hits DO&CO with full force – sales melt, loss / After three quarters, sales fell by 75 percent to just 190 million euros – net loss of 36 million euros – almost 3,000 fewer employees

Neu: Mehr Details aus dem Finanzbericht

The corona crisis hits the catering company DO&CO with full force in all business areas. The food service, hospitality, travel and aviation industries are among the worst hit industries worldwide. At DO&CO, this led to a drop in sales of 75 percent to EUR 189.9 million and a net loss of almost EUR 36 million in the first three quarters of 2020/2021. The workforce shrank by around 3,000 people. An improvement in the fourth quarter is not in sight.

“Even if no improvement is expected for the fourth quarter of the 2020/2021 financial year, the DO&CO management assumes that the markets will then gradually open up,” said the unaudited financial report for the first three quarters on Thursday has been published. New major customers such as Delta Air Lines in Detroit or Jet Blue in Los Angeles, San Diego and Palm Springs as well as the intensification of the business relationship with Qatar Airways and Etihad give the company confidence.

Also in the other two divisions – “International Event Catering” and “Restaurants, Lounges & Hotel” – DO&CO sees new projects such as a new restaurant complex and boutique hotel in downtown Munich and further gourmet retail activities in Vienna, as well soon also in Munich and London, hope to grow. “The increasing number of vaccinations will therefore not only spur the catering business, but also significantly boost all activities in the International Event Catering division,” says the company, in which Attila Dogudan holds around a third of the shares.

In order to dive through the crisis, DO&CO has significantly reduced its fixed costs. The number of employees fell in the first three quarters of 2020/2021 compared to the previous year by almost 3,000 to 8,075 (full-time equivalents). To finance this, the caterer has also decided to issue convertible bonds in the amount of 100 million euros.

After three fiscal quarters, sales at DO&CO continued to decline. In the “Airline Catering” division, revenues fell by 75 percent to 134.5 million euros. Sales in the “International Event Catering” division also fell by around 75 percent to EUR 29.4 million, and in the “Restaurants, Lounges & Hotel” division, sales fell by 75 percent to EUR 26 million.

The operating result (EBIT) at group level was therefore negative after three quarters at around EUR 25 million, after an operating profit of almost EUR 49 million was achieved in the same period of the previous year. Looking at the third quarter alone, DO&CO has returned to the black. The bottom line was a profit of 1.7 million euros after 6.5 million euros in the same quarter of the previous year.

kan / kre / gru

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