The market overview at noon, put together by Dow Jones Newswires:
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+++++ holiday notice +++++
Tuesday: In South Korea, the stock exchanges were closed due to the Korean New Year (until 30.1). In China (Shanghai) the trade was resting because of the Chinese New Year (until January 31).
Wednesday: In South Korea, the stock exchanges are closed due to the Korean New Year. In China (Shanghai and Hong Kong), trade is resting because of the Chinese New Year. Also in Singapore is not traded because of the Chinese New Year (until January 30th).
+++++ stock and bond markets (1:11 p.m.) +++++
Index Stand +- % +- % YTD
E-mini-Future S & P-500 6.050.25 +0.1% +1.9%
E-Mini-Future Nasdaq-100 21.291.25 +0.2% +0.3%
Euro-stoxx-50 5.204.37 +0.3% +6.3%
Stoxx-50 4,543.20 +0.3% +5.4%
DAX 21,399.60 +0.6% +7.5%
FTSE 8,544.94 +0.5% +4.7%
CAC 7.925.12 +0.2% +7.4%
Nikkei -225 39.016.87 -1.4% -2.2%
Eurex stand +/- points +/- points ytd
BUND -FUTURE 131.45 -0.16 -1.83
Pension market last +/- absolutely +/- ytd
DE return 10 years 2.55 +0.02 +0.19
US return 10 years 4.57 +0.03 -0.00
+++++ Raw material markets +++++
Row oil last VT-Settlem. +/- % +/- USD % YTD
WTI/NYMEX 73.75 73.17 +0.8% +0.58 +3.5%
Brent/ICE 77.73 77.08 +0.8% +0.65 +3.9%
Gas Vt-Settlem. +/- EUR
Dutch TTF 48.655 47.93 +1.5% +0.73 -5.1%
Metals last the last day +/- % +/- USD % YTD
Gold (spot) 2,741.62 2,744.06 -0.1% -2.44 +4.5%
Silver (spot) 30.15 30.20 -0.2% -0.05 +4.4%
Platinum (spot) 944.90 950.25 -0.6% -5.35 +4.2%
Copper-future 4.23 4.21 +0.5% +0.02 +5.5%
YTD based on the final score of the previous day
+++++ Outlook stocks USA +++++
After the violent previous day’s loss in the technology sector, the Wall Street should go into Tuesday with slight serves. However, the preliminary day offs on Nasdaq should not be made up for at first. The shock for the technology industry when it comes to AI by the cheap competition through Deepseek from China has at least lost a little horror. The day before it was clearly evident that there had been no market -wide sale. AI will prevail, but possibly at lower costs. These are not good prospects for the industry giants, but it is quite positive for the broader economy, it is said.
NVIDIA easily recover by 5.1 percent after the 17 percent crash of previous day, Broadcom by 3.6 percent.
+++++ Outlook Company +++++
13:30 US/Boeing CO, detailed result 4Q
13:30 US/Lockheed Martin Corp, result 4Q
14:00 DE/BMW AG, preliminary telephone conference (pre-close) on the annual result
17:45 DE/Continental AG, preliminary telephone conference (pre-close)
17:50 FR/LVMH Moet Hennessy Louis Vuitton SA, annual result
22:00 US/Starbucks Corp, result 1Q
+++++ Outlook economy ++++++
– US
2:30 p.m. Orders of long -term assets December
Forecast: +0.5% GG VM
Before: -1.2% GG VM
16:00 index of consumer confidence in January
Forecast: 106.0
Before: 104.7
+++++ Financial markets Europe +++++
Friendly – the news about the start of the Chinese Deepseek app had sent the courses of many technology shares at the start of the week – the sale was then limited to this sector. This is particularly affected by ASML in Europe, which can recover from the previous day in the meantime. Quarter figures from SAP, Siemens Energy and Sartorius give hope. The first quartals from Siemens Energy (+4.2%) have failed. Morgan Stanley speaks of positive business figures. Sartorius has a course jump of almost 13 percent. According to Metzler, the company leaves a period of shrinking growth with margin deterioration. The Hope for increasing demand also pushes the Merck share by 4.5 percent. Accordingly, Sartorius Stedim in Paris also jumps by 11 percent. The quarterly figures of SAP (+0.3%) are also positive, but here the weak recovery of the technology industry in Europe also slow down. With Wacker chemistry (+3%), the EBITDA surprises positively. At Eckert & Ziegler, sales and profit are easy to expect. Here it goes 3.3 percent higher. SFC Energy win 5.9 percent. The company has received a follow -up order of 19.2 million euros.
+++++ Foreignity +++++
Last +/- % Tue, 7:40 a.m. Mon, 5:22 p.m. % YTD
EUR/USD 1.0416 -0.7% 1.0440 1.0504 +0.6%
EUR/JPY 161.95 -0.1% 162.55 162.04 -0.6%
EUR/CHF 0.9443 -0.2% 0.9448 0.9455 +0.6%
EUR/GBP 0.8385 -0.2% 0.8390 0.8419 +1.3%
USD/JPY 155.48 +0.6% 155.69 154.29 -1.2%
GBP/USD 1.2423 -0.6% 1.2444 1.2476 -0.7%
USD/CNH (offshore) 7.2769 +0.4% 7.2788 7.2460 -0.8%
Bitcoin
BTC/USD 102,812.20 +1.1% 102,746.65 100,934.35 +8.6%
The dollar enhances after US President Donald Trump has threatened significantly more than 2.5 percent. With his statement, the President reacted to reports that his finance minister Scott Bessent favors tariffs from 2.5 percent to all imports. The dollar index increases by 0.6 percent. On Monday, the joint currency benefited from surprisingly strong German economic data.
+++++ Financial markets East Asia +++++
Deepseek again determined the events. After the Chinese startup company has apparently found a way to offer AI much cheaper than previously large US companies, stocks that had benefited from the AI hype around Nvidia & Co in the past few months have once again been under great pressure. The reaction of Wall Street on Deepseek had to be digested. In Tokyo, Advant test dropped by another 11.1 percent, for Tokyo Electron it was 5.7 percent down, for Softbank Group by another 5.2 percent. Against this background, the Nikkei-225 index lost again clearly. In the places in Shanghai and South Korea, the trade paused because of the respective New Year’s celebrations. Due to the celebrations, only a shortened trade took place in Hong Kong. The HSI closely closed. The daily tendency was almost unchanged on the stock exchange in Sydney dominated by stocks from the raw material sector and the banking industry. However, some stocks also felt the Deepseek shock: Goodmann lost over 8 percent of value. In the course of AI boom and cloud computing, Goodman rely on data centers worldwide. The Goodman course has increased by more than 50 percent in the past few weeks. Under the individual values in Hong Kong, China Vanke made almost 2 percent good after the course had initially increased much more. The triggers were changes in corporate management, which nourished hope that the government will step in to save the battered real estate company. Meanwhile, the returns sank at the Japanese bond market, although the country’s central bank increased interest on Friday. In view of the Deepseek fright on the stock exchanges, dealers spoke of the fact that bonds were controlled as a safe haven.
+++++ Credit +++++
The risk premiums against the failure of European state and corporate bonds (CDs) are back on the intersection. The short attack of risk aversion and escape to safe ports from the previous day is already history. At the markets, it is relatively agree that there is no risk of infection from the Sector for AI technology into the broad economy. Accordingly, the US stock markets reacted with very selected price losses on the evening before, exclusively based on the industry. The implicit volatilities on the risk markets also decreased significantly, so that a component of the CDS premiums. The focus of the market participants is again aimed at the central banks ECB and Fed with their upcoming meetings.
+++++ company reports since 7.30 a.m. +++++
SAP
SAP shareholders can look forward to a higher dividend for the past year. “There should be an increase, but I don’t want to anticipate the supervisory board, which will decide on the dividend proposal,” said CFO Dominik Asam in an interview with Dow Jones Newswires. For the past year, SAP has released 2.20 euros per share and thus 43 percent of the IFRS additional tax result.
SAP
(More to follow) Dow Jones Newswires
January 28, 2025 07:12 ET (12:12 GMT)