FRANKFURT (Dow Jones) — The stock exchanges in Europe closed amicably on Friday. The much-anticipated US inflation data continues to suggest that inflation has peaked. The DAX rose by 0.7 percent to 14,371 points, the Euro-Stoxx-50 closed 0.5 percent higher at 3,943.
US producer prices (PPI) rose by just 7.4 percent year-on-year in November. This was the fifth straight decline and raised hopes that the US Federal Reserve may need to be less aggressive in raising interest rates. The upcoming US consumer prices (CPI) next week should also support this hope.
The market is now fully aligned with the packed calendar of central bank meetings next week. Above all, the monetary policy decisions of the US Federal Reserve and the ECB are in focus in this country.
A clear majority of 80 percent of US market participants are betting on a rate hike of 50 and not 75 basis points. At the ECB, meanwhile, the outcome is more open: around half of the market is betting on 50 or 75 basis points. The situation is further complicated by expected statements about ending bond purchases (“quantitative tightening”). Here, too, European market observers do not agree on whether and when this will begin. “On balance, the surprise effect of the ECB meeting is higher than in the US,” said one trader.
Carl Zeiss with more shadows than light
According to business figures, Carl Zeiss Meditec was under pressure with a minus of 3.2 percent. The operating profit, sales and dividend proposal of EUR 1.10 were slightly above expectations; However, the margin was declining and the medical technology company expects it to be even lower than the previous year’s figure for the current first quarter.
Sartorius fell by 0.7 percent. The company has agreed to cooperate with the Swedish Bico Group. Both want to work together on 3D cell printing technology. Since Sartorius also holds a 10 percent stake in the Swedes, this raised hopes of a takeover: Bico shares shot up by 49.3 percent.
Successful capital increase at Credit Suisse
Credit Suisse jumped 6.8 percent. The bank has successfully completed its multi-billion dollar capital increase. They bring her a total of around 4 billion Swiss francs. It is noted very positively that almost all shareholders have backed the bank: They accepted over 98 percent of the subscription rights issue.
Totalenergies, on the other hand, fell by 0.9 percent in Paris. The energy giant expects an impairment on Novatek in the fourth quarter. It could be as high as $3.7 billion.
Thales was also down 2.2 percent. The planned sale of the transport systems division to Hitachi has been delayed by several months. The background to this are antitrust concerns of the British supervisory authorities.
In London, Pendragon fell by over 28 percent to 20.20 pence. The car dealer had announced that Hedin Mobility would not be making a takeover bid after all. Previously, there was a bid of 29 pence per share.
The Adler share was volatile (-0.8%). The troubled real estate company has said more than 60 percent of its bondholders may agree to a change in bond terms. But it is not more than a glimmer of hope, it said in the trade.
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Index Closing Development Development Development
. was absolute in % since
. beginning of year*
Euro Stoxx 50 3,942.62 +21.35 +0.5% -8.3%
Stoxx 50 3,779.44 +22.47 +0.6% -1.0%
Stoxx 600 439.13 +3.66 +0.8% -10.0%
XETRA DAX 14,370.72 +106.16 +0.7% -9.5%
FTSE-100 London 7,476.63 +4.46 +0.1% +1.2%
CAC-40 Paris 6,677.64 +30.33 +0.5% -6.7%
AEX Amsterdam 724.17 +4.34 +0.6% -9.2%
ATHEX-20 Athens 2,219.91 +1.32 +0.1% +3.6%
BEL-20 Brussels 3,721.33 +28.73 +0.8% -13.7%
BUX Budapest 44,182.00 +339.63 +0.8% -12.9%
OMXH-25 Helsinki 4,981.51 +68.17 +1.4% -11.8%
ISE NAT. 30 Istanbul 5,355.84 +155.06 +3.0% +164.5%
OMXC-20 Copenhagen 1,836.55 +36.12 +2.0% -1.5%
PSI 20 Lisbon 5,745.57 +6.25 +0.1% +3.3%
IBEX-35 Madrid 8,289.20 +64.00 +0.8% -4.9%
FTSE-MIB Milan 24,277.49 +70.07 +0.3% -11.5%
RTS Moscow 1,099.12 +2.49 +0.2% -31.1%
OBX Oslo 1,096.22 +0.91 +0.1% +2.6%
PX Prague 1,173.08 +2.48 +0.2% -17.7%
OMXS-30 Stockholm 2,116.45 +24.57 +1.2% -12.5%
WIG-20 Warsaw 1,730.16 +4.50 +0.3% -23.7%
ATX Vienna 3,166.36 +5.98 +0.2% -18.3%
SMI Zurich 11,068.30 +63.77 +0.6% -14.0%
* at the end of the day
FOREX last +/- % Fri, 8:20 Thu, 17:21 % YTD
EUR/USD 1.0552 -0.0% 1.0574 1.0542 -7.2%
EUR/JPY 143.78 -0.3% 144.08 144.02 +9.9%
EUR/CHF 0.9829 -0.5% 0.9872 1.0683 -5.3%
EUR/GBP 0.8569 -0.7% 0.8626 0.8633 +2.0%
USD/JPY 136.27 -0.3% 136.25 136.61 +18.4%
GBP/USD 1.2314 +0.6% 1.2258 1.2212 -9.0%
USD/CNH (Offshore) 6.9617 -0.0% 6.9472 6.9665 +9.6%
Bitcoin
BTC/USD 17,172.72 -0.2% 17,224.45 16,925.16 -62.9%
ROHOEL last VT-Settlem. +/- % +/- USD % YTD
WTI/Nymex 72.37 71.46 +1.3% +0.91 +4.5%
Brent/ICE 76.92 76.15 +1.0% +0.77 +6.2%
GAS VT Settlem. +/- EUR
Dutch TTF 143.21 138.89 +3.1% +4.31 +112.5%
METALS last day before +/- % +/- USD % YTD
Gold (Spot) 1,805.82 1,789.05 +0.9% +16.77 -1.3%
Silver (Spot) 23.67 23.07 +2.6% +0.60 +1.6%
Platinum (Spot) 1,022.90 1,009.25 +1.4% +13.65 +5.4%
Copper Future 3.87 3.88 -0.2% -0.01 -12.2%
YTD relative to previous day’s close
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(END) Dow Jones Newswires
December 09, 2022 11:58 ET (16:58 GMT)
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