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Price gains:
The Dax has cracked the 14,000 point mark
Photo: REUTERS
At the end of the first week of the stock market in 2021, the Dax increased its weekly profit to 2.5 percent on Friday.
The
Dax
climbed by 0.58 percent to 14,049 points by the end of Xetra trading.
The MDax for medium-sized stocks rose by 0.42 percent to 31,356.65 points on Friday.
In the course of the day, it had reached a new record, as had the SDax small and mid-cap index, which closed 0.24 percent lower.
Positive data from German industry also contributed to the positive mood in this country.
After strong incoming orders in November, the data on industrial production turned out to be better than analysts expected.
In the US, the Dow and Nasdaq also rushed to new record highs.
The cheap money flood of the central banks has been driving the stock exchanges for a long time.
This can be problematic if inflation suddenly increases.
Rising interest rates are likely to put pressure on the stock markets quickly.
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All stocks and indices at a glance
Nasdaq at 13,000 points at a record high - despite weak job data
The US stock exchanges continued to rise on Friday: the Dow Jones, Nasdaq and S&P 500 are each trading higher than ever.
The Nasdaq 100 tech index, which had already increased by more than 40 percent in 2020, would break the 13,000 mark for the first time in its history.
The leading US index, the Dow Jones Industrial, also rose: the announcement of additional government spending by future US President Joe Biden provided a boost.
This should now have to reckon with less political resistance, according to the latest information, the Democrats have also gained control over the US Senate - and thus over both chambers of parliament.
The most recent data from the US labor market were disappointing.
The new jobs created in December at just 50,000 remained far below the expectations of the stock exchange traders.
Tesla at a record high - value nine-fold within eleven months
Tesla stock expanded its earnings to more than 7 percent on Friday, rising to a record high of $ 881.
In terms of performance, Tesla shares even outperform the cryptocurrency Bitcoin, both on a daily and annual perspective: Tesla's market value has increased almost ninefold in the past eleven months.
At $ 802 billion, the electric car pioneer is now valued higher than Facebook on the stock exchange.
The online network has a market capitalization of $ 766 billion.
Thanks to his shares in Tesla, Elon Musk is now the richest person in the world ahead of Amazon boss Jeff Bezos.
Chip manufacturer preferred - Infineon at the top of the Dax
Among the individual stocks on the German market, technology stocks with price gains stood out in particular.
The European
semiconductor manufacturer STMicroelectronics and South Korea's model company Samsung had published strong quarterly figures
.
In addition, US competitor Micron promised surprisingly high sales.
Infineon
benefited from this at the top of the Dax
with a plus of 5.6 percent.
Outside the Dax family, Dialog gained 1.4 percent and Elmos 2.3 percent.
Telecommunications equipment supplier Adva Optical Networking benefited from preliminary quarterly figures with plus 8.7 percent.
Although sales in the final quarter of 2020 had only reached the lower end of the forecast range for sales, the market focused on strong profitability.
The fact that the pharmaceutical and agrochemical group Bayer is raising billions on the bond market did not go over very well with investors.
The proceeds will be used for general corporate purposes, including refinancing existing liabilities.
As one of the worst performers in the Dax, the shares went against the trend.
Nikkei breaks 1989 record
Investor hopes for a quick economic recovery also drove Asian stocks to record highs on Friday.
The stockbrokers looked over the unrest in the US and the increasing cases of infections and trusted in more stimulus from the future US government for the economy.
The Nikkei index, which comprises 225 values, closed 2.4 percent more firmly at 28,139.03 points - the highest level in 30 years.
Calculated in international currencies such as dollars, i.e. adjusted for the exchange rate, the Nikkei even slightly exceeded the record of December 1989 - the prime example of a speculative bubble, the bursting of which is still a burden on the Asian country today.
Warning of the bubble
However, some are already warning of the risk of a bubble in the stock markets.
These include market strategist Albert Edwards from the French bank Société Générale.
He emphasized that the rally was based heavily on the hope of many investors that the US Federal Reserve (Fed) would step in to prevent a crash in case of doubt.
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Bayer issues bond, shares turn negative
After the issuance of bonds with a total volume of four billion euros, Bayer shares fell against the positive market trend.
The papers of the pharmaceutical and agrochemical group gain three percent before the market.
"We consider the new issues to be relatively attractive and recommend subscribing," comments LBBW analyst Ulle Wörner.
Bayer had already increased by around 2 percent on Thursday: Together with the Tübingen-based company Curevac, the pharmaceutical and agrochemical group wants to advance the further development, production and sale of a corona vaccine.
A cooperation and service agreement was concluded.
Curevac benefited even more from the joint plans and grew by around 15 percent.
Copper price at 8-year high, US exchanges with gains
Investors are also stocking up on copper in the hope of accelerating global economic growth.
The industrial metal gains 0.7 percent and at $ 8,238 per ton is as expensive as it was eight years ago.
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All stocks and indices at a glance
Euro is moving away from multi-year high
The euro fell and was last traded at $ 1.2271.
The European Central Bank had set the reference rate in the afternoon at $ 1.2376.
On the bond market, the current yield fell from minus 0.55 percent the previous day to minus 0.56 percent.
The Rex bond index rose 0.16 percent to 146.28 points.
The Bund future fell by 0.08 percent to 177.38 points.
Bitcoin keeps rising - all the way up to $ 40,000
Bitcoin's rapid soaring continued.
The oldest and most important cyber currency hit a new record high on the Bitstamp trading exchange.
For the first time, a Bitcoin cost more than $ 39,000, with a high of around $ 40,000.
The drastic increase in exchange rates is now also affecting other digital currencies and is causing the total market volume to rise above a trillion dollars for the first time.
"More and more investors want to jump on the bandwagon for fear of missing the next big jump in price," said market analyst Milan Cutkovic from the brokerage firm Axi.
Oil prices are increasing slightly
Oil prices rose slightly in early trading on Friday.
Initially there was no strong impetus.
In the morning a barrel (159 liters) of the North Sea variety Brent cost 54.67 US dollars.
That was 29 cents more than the day before.
The price of a barrel of the US West Texas Intermediate (WTI) rose 27 cents to $ 51.10.
At the moment, oil costs as much as it has not since the severe slump during the first Corona wave in spring 2020.
Since last autumn, the prospect of widespread corona vaccinations in particular has caused a sharp rise in prices.
Most recently, Saudi Arabia decided to cut oil production significantly in February and March.
la, ak / dpa-afx, Reuters
