Market Report: New Week, New Concerns

The stock market is currently like a change bath. Friday’s profits are back. In addition to the ongoing AI concerns, the situation in France had a burdensome effect. At the beginning of the new week, the DAX has lost its latest profits again. The German leading index closed 1.2 percent lower at 25,319 points, after it had already lost 1.6 percent at times. On Friday, he had shaken off the AI and inflation concerns and gained one percent to 25,623 points. US technology values recovered for now In New York, however, the technology values had retreated on Friday evening due to concerns about the sustainability of the AI rally, which threw the Nasdaq 100 to its lowest level in four weeks. Today, the technology exchange has started significantly recovered in the day, which also somewhat relieved the German market. The standard values of the Dow Jones, on the other hand, stood still. In the morning, China reported unexpectedly strong economic growth for the third quarter. However, this is partly at the expense of other economies: An export boom of 36 percent alone in September suggests that cheap Chinese products are displacing European and German manufacturers. Worries about France weighed more heavily, however, the concerns about France. In the second largest economy in the EU, the question remains as to how things will continue after the escalation of violence after the mass protests in many regions. French stocks and bonds were again under strong pressure after days of relative calm. The yield for ten-year securities at 4.9 percent is back at its highest level since 2002. The mood also weighed on the euro. Oil prices give after relaxation there were on the oil market. The North Sea variety Brent moved away from its five-month high from Friday. However, different signals came from the crisis region around the Persian Gulf. On the one hand, there were attacks on two tankers again. In addition, the Houthi militia from Yemen again attacked Saudi Arabia. US Secretary of Energy Chris Wright, on the other hand, tried to calm the moods. According to Wright, oil supplies from the Persian Gulf have recovered to about 80 percent of their pre-conflict levels. However, supplies of refinery products remain restricted. He is in talks with European allies to release diesel supplies, Wright said. DHL Group shares lost 0.9 percent. On Friday after the close of the stock market, the company reported double-digit increases in sales and earnings in the third quarter and raised its annual guidance. One trader rated the new outlook positively, but he was not a complete surprise. In addition, the papers had already gone well recently. Merck takes over British specialty pharmaceutical company A major takeover, Merck reported. The Darmstadt-based pharmaceutical and technology group acquires the British biotech company Silence Therapeutics. With the transaction, which is expected to cost around 980 million euros, Merck wants to strengthen its commitment to rare diseases. Norma wants to become more profitable Norma Group’s stock dropped significantly after the auto supplier unveiled its strategy until 2031. The manufacturer of connection technology wants to grow easily with its new setup and become significantly more profitable. However, the prospect of a smaller dividend caused some upset. From 2027, only at least ten percent of the adjusted annual result should be distributed instead of the previously promised 30 to 35 percent. Investment summit - Nvidia in view In Berlin, an investor conference began today, at which the Federal Government wants to promote the location. Representatives of numerous companies from Germany and abroad are invited, including the head of the US chip manufacturer Nvidia, Jensen Huang. As it was called from government circles, the Federal government plans a cooperation with Nvidia.