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Dax and Bitcoin with price slide: Dax starts with 40 values ​​for the first time, price losses for shares as with cryptocurrency

2021-09-20T06:54:08.043Z


The Dax is starting the new trading week with ten new members - and is slipping right away. A capital increase puts a strain on the Lufthansa share. The cryptocurrency Bitcoin is also buckling again.


Enlarge image

Deutsche Börse in Frankfurt am Main:

Heavy losses on the first day of the Dax40

Photo: Frank Rumpenhorst / dpa

At the start of the new stock market week, the Dax will start with 40 members for the first time, but at the same time with heavy losses. After its price slide below the 15,500 mark on Friday, the German benchmark index is likely to drop further on Monday and also fall below the 15,300 mark. The EuroStoxx 50, the leading index in the Eurozone, should also start the new week on the stock market with similarly high discounts. A new era will dawn for the Dax on Monday: the circle of members of the first German stock exchange league will be expanded to 40 out of 30. At the same time, stockbrokers fear that the Dax will continue its slide and fall below the 15,000 mark this week.

Sports equipment supplier Puma, biotech company Qiagen and online fashion retailer Zalando all take their place in the leading German index.

Deutsche Börse also tightened the rules for Dax membership.

This is to prevent another scandal about a Dax member like the collapse of the payment service provider Wirecard.

Price slide in the Dax accelerates

The Dax has already had three weeks of price drops behind it. On Wall Street, the indices were also weak on Friday after the big expiration day on the futures exchanges. "The summer calm is definitely over on the floor. Instead, the stock exchanges are heading for a stormy autumn," wrote market observer Thomas Altmann from asset manager QC Partners in the morning. For the Dax, the question now arises, "where the next important supports could be" after the 15,600 point mark as the lower limit of the trading range has not held.


On New York's Wall Street, the leading index

Dow

Jones Industrial fell

0.48 percent on Friday to 34,584.88 points. On a weekly basis, the Dow is posting a slight loss. Over the course of the week, the index fluctuated below 35,000 meters.

The so-called great decline on the futures exchanges is likely to have slowed the prices.

On these four trading days a year, the stock business is usually determined by trading-technical aspects.

The expiry date had weighed heavily on prices on Europe's stock exchanges.

But the meeting of the US Federal Reserve on Wednesday next week is already casting its shadow and is causing nervousness among investors.

The Fed is considering tightening the reins of monetary policy.

The market-wide

S&P 500

lost 0.91 percent to 4432 meters.

The

Nasdaq 100

fell further with minus 1.18 percent to 15,333 points.

It was the index's biggest daily loss since May.

Here investors took price gains in stocks from the semiconductor industry.

Hang Seng in Hong Kong goes underground

The

Hang Seng,

the leading stock index on the Hong Kong Stock Exchange, fell by almost 800 points, or around 3.2 percent, on Monday.

The Hong Kong stock exchange followed on Monday with heavy losses due to the worsening crisis of the Chinese real estate company Evergrande.

Important other trading centers in the region, such as mainland China and Japan, remained closed due to a public holiday.

Lufthansa share clearly under pressure

Investors should keep an eye on Lufthansa’s papers at the start of the week. Shortly before the general election, the airline is setting the course for the repayment of German state aid. For this purpose, the MDax company wants to issue new shares with a total value of 2.14 billion euros. These are to be offered to shareholders from September 22 to October 5. The papers were already under significant pressure before the trading day. In the morning, a trader referred to the subscription ratio of 1: 1 and the subscription price of EUR 3.58, which was low compared to the share price.

While

Heidelbergcement

shares

are negatively impacted by a sell recommendation from US bank JPMorgan,

Drägerwerk

also made a name for itself.

The CFO of the medical and security technology group, Gert-Hartwig Lescow, announced in a press interview at the weekend the possibility of a faster dividend increase before 2023, should the equity ratio continue to develop positively.

Bitcoin falls back below $ 46,000 - significant losses

The cryptocurrency Bitcoin slumped again.

While it was still just below $ 48,000 on Friday on the Bitstamp trading platform, the value on Monday morning was around $ 45,500.

The sell-off in the stock market has also hit the cryptocurrency market.

It is easier to record oil prices

Crude oil prices fell.

The barrel of North Sea Brent was quoted this morning at $ 74.75, around $ 0.60 lower.

The US variety WTI was down $ 0.64 to $ 71.33.

Oil prices have recently been negatively impacted by the rising dollar, which has made oil more expensive for many investors and thus dampened their demand.

Crude oil is traded internationally in dollars, which is why exchange rate effects are often of great importance.

Price support, on the other hand, comes from the supply side: because numerous production platforms in the Gulf of Mexico are still idle due to the aftermath of Hurricane Ida, US production is lagging behind demand.

According to the International Energy Agency (IEA), even the increasing supply of the Opec + oil network cannot compensate for the shortage at present.

With news agencies

Source: spiegel

All news articles on 2021-09-20

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