Connect with us

Stock Markets

Germany stocks mixed at close of trade; DAX up 0.23%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Consumer & Cyclical, Transportation & Logistics and Industrials sectors led shares higher while losses in the Retail, Media and Utilities sectors led shares lower.

Published

on

Germany stocks mixed at close of trade; DAX up 0.23%
© Reuters. Germany stocks mixed at close of trade; DAX up 0.23%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower.

At the close in Frankfurt, the added 0.23% to hit a new all time high, while the index fell 0.23%, and the index fell 1.43%.

The best performers of the session on the were Volkswagen AG VZO O.N. (DE:), which rose 2.07% or 4.87 points to trade at 240.30 at the close. Meanwhile, Bayerische Motoren Werke AG (DE:) added 1.63% or 1.445 points to end at 90.365 and Vonovia SE (DE:) was up 1.30% or 0.68 points to 52.80 in late trade.

The worst performers of the session were Siemens Energy AG (DE:), which fell 3.37% or 0.89 points to trade at 25.55 at the close. Delivery Hero AG (DE:) declined 2.43% or 2.75 points to end at 110.65 and Merck KGaA (DE:) was down 2.40% or 3.52 points to 143.45.

The top performers on the MDAX were Beiersdorf AG O.N. (DE:) which rose 2.67% to 99.460, Deutsche Lufthansa AG (DE:) which was up 2.43% to settle at 11.165 and Airbus Group SE (DE:) which gained 1.82% to close at 110.66.

The worst performers were Morphosys AG O.N. (DE:) which was down 12.43% to 62.960 in late trade, Nordex SE O.N. (DE:) which lost 6.00% to settle at 18.010 and Prosiebensat 1 Media AG (DE:) which was down 4.18% to 18.1250 at the close.

The top performers on the TecDAX were Deutsche Telekom AG Na (DE:) which rose 0.43% to 17.243, Aixtron SE (DE:) which was up 0.32% to settle at 17.273 and Drillisch AG (DE:) which gained 0.23% to close at 26.360.

The worst performers were Morphosys AG O.N. (DE:) which was down 12.43% to 62.960 in late trade, Nordex SE O.N. (DE:) which lost 6.00% to settle at 18.010 and TeamViewer AG (DE:) which was down 3.29% to 30.90 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 360 to 328 and 67 ended unchanged.

Shares in Bayerische Motoren Werke AG (DE:) rose to 3-years highs; up 1.63% or 1.445 to 90.365. Shares in Morphosys AG O.N. (DE:) fell to 3-years lows; falling 12.43% or 8.940 to 62.960. Shares in Airbus Group SE (DE:) rose to 52-week highs; gaining 1.82% or 1.98 to 110.66. Shares in Morphosys AG O.N. (DE:) fell to 3-years lows; falling 12.43% or 8.940 to 62.960.

The , which measures the implied volatility of DAX options, was down 3.22% to 18.91.

Gold Futures for August delivery was up 0.19% or 3.65 to $1908.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.33% or 0.90 to hit $68.62 a barrel, while the August Brent oil contract rose 1.24% or 0.87 to trade at $71.12 a barrel.

EUR/USD was up 0.02% to 1.2213, while EUR/GBP fell 0.12% to 0.8618.

The US Dollar Index Futures was up 0.09% at 89.900.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Stock Markets

Omicron already taking over in S.Africa as countries tighten borders

Published

on

2/2
Omicron already taking over in S.Africa as countries tighten borders
© Reuters. FILE PHOTO: Passengers wait in line inside the terminal at Newark Liberty International Airport in Newark, New Jersey, U.S., November 24, 2021. REUTERS/Eduardo Munoz/File Photo

2/2

By Promit Mukherjee

JOHANNESBURG (Reuters) -The heavily mutated Omicron variant of the coronavirus is rapidly becoming dominant in South Africa, less than four weeks after being identified there, authorities said on Wednesday, as other countries tightened their borders against the new threat.

The United States told airlines to hand over the names of passengers from parts of southern Africa hit by Omicron, which the World Health Organization (WHO) said had now reached at least 24 countries, with cases ranging from mild to severe.

Early indications suggesting that Omicron may be markedly more contagious than previous variants had already rattled financial markets, fearful that new restrictions around the world could choke off a tentative recovery from the economic ravages of the pandemic. [MKTS/GLOB]

South Africa’s National Institute for Communicable Diseases (NICD) said Omicron’s profile and early epidemiological data suggested it was able to evade some immunity, but that existing vaccines should still protect against severe disease and death.

It said 74% of all the samples it had genetically sequenced last month had been of the new variant, which was announced a week ago but was first found in a sample taken on Nov. 8 in Gauteng, South Africa’s most populous province.

The number of new cases reported in South Africa doubled from Tuesday to Wednesday.

WHO epidemiologist Maria van Kerkhove told a briefing that data on how contagious Omicron was should be available “within days”.

BioNTech’s CEO said the vaccine it makes in a partnership with Pfizer (NYSE:) was likely to offer strong protection against severe disease from Omicron.

The president of the European Union’s executive Commission said there was a “race against time” to stave off the new variant while scientists establish how easily it can spread and whether it can evade vaccine protection. The EU brought forward the start of its vaccine rollout for five-to-11-year-olds by a week to Dec 13.

‘PREPARE FOR THE WORST’

“Prepare for the worst, hope for the best,” Ursula von der Leyen told a news conference.

She said that, according to scientists, full vaccination and a booster shot provided the strongest possible protection.

But WHO emergencies director Mike Ryan was critical of developed countries pushing booster shots for large parts of their fully vaccinated populations when even vulnerable people in many poorer regions had had no vaccination at all.

“There is no evidence that I’m aware of that will suggest that boosting the entire population is going to necessarily provide any greater protection for otherwise healthy individuals against hospitalisation or death,” he said.

Britain and the United States have both expanded their booster programmes in response to the new variant, highlighting the disparity between massive vaccination pushes in rich nations and sparse inoculation in the developing world.

The WHO has noted many times that the coronavirus will keep producing new variants for as long as it is allowed to circulate freely in large unvaccinated https://www.reuters.com/world/vaccine-coverage-below-10-seven-eastern-mediterranean-nations-who-2021-12-01 populations.

Ghana, Nigeria, Norway, Saudi Arabia and South Korea were among the most recent countries to report cases of the variant. Britain said its total of 22 cases was certain to rise.

Australia said at least two people had visited several places in Sydney while likely infectious and Denmark said an infected person had taken part in a large concert.

Japan, which had already barred all new foreign entrants, reported its second case https://www.reuters.com/world/asia-pacific/japan-expand-travel-ban-some-foreigners-with-resident-status-2021-12-01 of the new variant and said it would expand travel restrictions.

TRAVEL RESTRICTIONS

Some 56 countries were reportedly implementing travel measures to guard against Omicron as of Nov. 28, the WHO said.

Hong Kong added Japan, Portugal and Sweden to its travel restrictions, while Uzbekistan said it would suspend flights with Hong Kong as well as South Africa. Malaysia temporarily barred travellers from eight African countries and said Britain and the Netherlands could join the list.

“Blanket travel bans will not prevent the international spread and they place a heavy burden on lives and livelihoods,” the WHO said https://www.reuters.com/business/healthcare-pharmaceuticals/officials-offer-vaccine-reassurance-who-advises-against-travel-bans-2021-11-30, while advising those who were unwell, at risk or 60 years and over and unvaccinated to postpone travel.

The United States has barred nearly all foreigners who have been in one of eight southern African countries.

On Tuesday, the U.S. Centers for Disease Control and Prevention (CDC) directed airlines to disclose names and other information of passengers who have been to those countries.

Shares https://www.reuters.com/markets/europe/global-markets-repeat-wrapup-2-2021-12-01 around the world came off lows plumbed on Tuesday after remarks by the head of the drugmaker Moderna (NASDAQ:) raised questions about the efficacy of COVID-19 vaccines against Omicron. [MKTS/GLOB]

But Fitch Ratings said it had lowered its global air passenger traffic forecasts for 2021 and 2022, with the emergence of new variants highlighting the unpredictability of the situation.

“It feels a little bit like we are back to where we were a year ago,” said Deidre Fulton, a partner at consultancy MIDAS Aviation, at an industry webinar https://www.reuters.com/business/aerospace-defense/global-airlines-prepare-omicron-induced-volatility-2021-12-01. “And that’s not a great prospect for the industry and beyond.”

Continue Reading

Stock Markets

Krispy Kreme Shares Plunge Following Goldman Sachs Downgrade

Published

on

Krispy Kreme Shares Plunge Following Goldman Sachs Downgrade
© Reuters

By Sam Boughedda

Investing.com — Krispy Kreme Inc (NASDAQ:) stock fell 8% after Goldman Sachs analyst Jared Garber downgraded it to sell.

Garber cut it from neutral, setting a $14 price target. That did represent a 4% downside from Tuesday’s close. However, the stock has now fallen below that level, trading around the $13.28 mark. 

The analyst cited rising cost pressures across many key areas for Krispy Kreme’s company-owned model, which Garber feels presents risks for margins. 

In addition, he explained that consumer data implies that the brand may have limited pricing power to react to inflation, and with the indulgent food category only expected to grow 1.1% per year to 2025, it forced Garber to lower estimates for the company.

 There is “limited clarity on the underlying drivers of top-line growth,” according to the analyst.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

Stock Markets

European shares rebound from Omicron-spurred rout

Published

on

European shares rebound from Omicron-spurred rout
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 30, 2021. REUTERS/Staff

By Anisha Sircar and Susan Mathew

(Reuters) -European shares posted their best session in almost six months on Wednesday, as investors picked up beaten down stocks that were hammered in the past few sessions by fears of the spread of a new and highly infectious strain of the coronavirus.

The pan-European rose 1.7%, recovering from a sharp sell-off in the previous session that had sent it to a seven-week low. The index ended November with a 2.6% drop and is 4% away from the record high it hit in the middle of last month. [MKTS/GLOB]

“Europe was already imposing lockdowns before Omicron. Since valuations are still elevated, earnings need to do the heavy lifting from here; that task has now become harder in the EU …. relative to the U.S.,” TS Lombard research head Andrea Cicione said.

A recent Reuters poll of strategists and brokers suggests that European stocks may hit record highs in 2022, boosted by a recovery in corporate profits.

The poll also says that and 40 indexes would hit uncharted peaks by mid-2022, while the STOXX 600 would gain 7% and reach 500 points by July.

“In the short term, uncertainty and therefore market volatility will continue until we get greater clarity on the resistance to vaccines and the lethality and transmissibility of Omicron,” TS Lombard’s Cicione said.

Industrial stocks were the biggest boost to the STOXX 600 on Wednesday. Among sectors, autos as well as travel and leisure rose 3.8% and 3.1%, respectively.

Miners gained 2.3% after prices rebounded on easing concerns about the Omicron coronavirus variant, while oil stocks jumped 2.1% as crude prices rose as OPEC meets. [MET/L] [O/R]

The European Union could greenlight COVID-19 vaccines tailored to target the new variant in three to four months, the region’s drug regulator chief Emer Cooke said on Tuesday, adding that existing shots would continue to provide protection.

A survey showed manufacturing growth in the euro zone accelerated slightly last month, but supply chain bottlenecks worsened.

Among individual stocks, Husqvarna, the world’s biggest maker of power gardening tools, jumped 5.4% after raising its overall financial targets and growth ambitions for robotic lawn mowers and other battery-powered products.

Italy’s Banca Monte dei Paschi di Siena surged 16.7% after saying it had begun a dialogue with the Ministry of Economy and Finance to restart discussions on its plans to raise capital.

Battered German property group Adler’s shares surged 34.5%, pulling up from all-time lows, after announcing divestitures.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

Politics4 mins ago

U.S. Catholic bishops encourage government search for boarding school graves

By Brad Brooks (Reuters) – Two influential U.S. Roman Catholic Church bishops are encouraging their peers to cooperate with a...

Stock Markets4 mins ago

Omicron already taking over in S.Africa as countries tighten borders

2/2 © Reuters. FILE PHOTO: Passengers wait in line inside the terminal at Newark Liberty International Airport in Newark, New...

Economy18 mins ago

Treasury’s Yellen: Biden stimulus at most a ‘small contributor’ to inflation

© Reuters. FILE PHOTO: reasury Secretary Janet Yellen pauses while testifying before a Senate Banking Committee hybrid hearing on oversight...

Cryptocurrency18 mins ago

ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the...

Cryptocurrency18 mins ago

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy Momento ecosystem shifts the P2E economy. Unique gaming platform allows players to use...

Commodities18 mins ago

Halliburton says not buying Exxon stake in Iraqi oilfield

2/2 © Reuters. FILE PHOTO: A member of security foreign personnel walks with an Exxon’s foreign staff of the West...

Stock Markets18 mins ago

Krispy Kreme Shares Plunge Following Goldman Sachs Downgrade

© Reuters By Sam Boughedda Investing.com — Krispy Kreme Inc (NASDAQ:) stock fell 8% after Goldman Sachs analyst Jared Garber downgraded...

Economy19 mins ago

Some Republicans in U.S. Congress try to close government over vaccine mandates

© Reuters. FILE PHOTO: The U.S. Capitol building is seen in Washington, U.S., November 16, 2021. REUTERS/Elizabeth Frantz/File Photo By...

Commodities19 mins ago

U.S. could tweak timing of oil stockpile release if prices fall -official

© Reuters. FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph...

Economy33 mins ago

Powell says Fed policy must address range of plausible outcomes

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell prepares to testify before a Senate Banking Committee hybrid hearing on...

Stock Markets33 mins ago

European shares rebound from Omicron-spurred rout

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 30,...

Economy34 mins ago

In Brazil, a favela start-up delivers parcels where others fear to tread

4/4 © Reuters. A member of the Favela Brasil Express carries bags with products to be delivered at Paraisopolis slum...

Stock Markets34 mins ago

Jewellery maker Pandora has no plans to join platforms like Amazon or Farfetch -CEO

© Reuters. FILE PHOTO: Jewels are seen in a Pandora jewellery shop in downtown Rome, Italy, August 7, 2018. REUTERS/Max...

Stock Markets48 mins ago

Global airlines prepare for Omicron volatility, agility will be key

© Reuters. FILE PHOTO: A notice about COVID-19 safety measures is pictured next to closed doors at a departure hall...

Economy48 mins ago

Mexican Workers Abroad Keep Sending Record Cash Back Home

Mexican Workers Abroad Keep Sending Record Cash Back Home (Bloomberg) — Mexico’s remittances reached another record in October, powered by...

Stock Markets48 mins ago

Wall Street bounces back from Omicron, inflation jitters

© Reuters. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease...

Politics48 mins ago

Shutdown Risk Rises as U.S. Congress Stalls on Stopgap Bill

© Bloomberg. The U.S. Capitol building in Washington, D.C., U.S., on Tuesday, Sept. 21, 2021. House Democrats set up a...

World49 mins ago

Deadly Michigan school shooting baffles police as young suspect stays silent

2/2 © Reuters. Emergency personnel respond to the scene of a deadly shooting where at least three were killed and...

Stock Markets1 hour ago

Germany stocks higher at close of trade; DAX up 2.47%

© Reuters. Germany stocks higher at close of trade; DAX up 2.47% Investing.com – Germany stocks were higher after the...

Cryptocurrency1 hour ago

Cointelegraph Consulting: Gaming tokens usher in altcoin season

While remains in a cool-off period after thrusting to its all-time high in early November and the decentralized finance (DeFi)...

Stock Markets1 hour ago

UniCredit mulls 3,000 voluntary job cuts under new plan – sources

© Reuters. FILE PHOTO: UniCredit bank logo is seen in Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini//File Photo By Valentina...

Stock Markets1 hour ago

Unions ready to call strike at Telecom Italia

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File...

Stock Markets1 hour ago

France stocks higher at close of trade; CAC 40 up 2.39%

© Reuters. France stocks higher at close of trade; CAC 40 up 2.39% Investing.com – France stocks were higher after...

Cryptocurrency1 hour ago

Web3 To Boom With Hashed’s $200M Venture Fund II and New Partners

Web3 To Boom With Hashed’s $200M Venture Fund II and New Partners Hashed launches $200M Venture Fund II to facilitate...

Cryptocurrency1 hour ago

A Second NFT Card Sale for Duelist King’s Win2Earn Game Is on Its Way

A Second NFT Card Sale for Duelist King’s Win2Earn Game Is on Its Way Duelist King announces its second batch...

Economy1 hour ago

U.S. CFPB says considering guidance aimed at curbing banks’ reliance on overdraft, non-sufficient fees revenue

© Reuters. FILE PHOTO: The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington,...

Sports & General1 hour ago

U.S. Supreme Court conservatives signal support for abortion limits

2/2 © Reuters. FILE PHOTO: The United States Supreme Court in Washington, U.S., May 17, 2021. REUTERS/Evelyn Hockstein 2/2 By...

Commodities1 hour ago

U.S. could change timing of oil stockpile release if prices drop -official

© Reuters. FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph...

World1 hour ago

Moderna could be sued over vaccines as court upholds patents

© Reuters. FILE PHOTO: A vial and a syringe are seen in front of a displayed Moderna logo, in this...

Economy1 hour ago

Schumer sees “good progress” in talks to avoid U.S. gov’t shutdown

© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the Senate Democrats weekly policy...

Trending