DusseldorfCan the Dax hold over 12,000 points today? The day before, the German leading index had been able to recapture this psychologically important brand only during the course of trading. On Thursday, the Dax noted down before sub-markets anyway.
A possible respite in the customs dispute between the US and the EU had given the markets the day before buoyancy. According to insiders, US President Donald Trump will delay the decision on punitive tariffs for European automobiles for up to six months. Originally, the decision should be dropped by the end of this week.
Investors reacted in response to news from car makers: the European sector index gained two percent on Wednesday. That's the biggest daily gain in six weeks. With a price increase of around three percent each, BMW and Daimler were among the favorites within the sector.
Even today, the share of BMW will be under scrutiny, because at the Annual General Meeting CEO Harald Krüger must count on critical questions from shareholders: The sales of the car company faltering, the costs rise, the return drops.
What requirements and dates for investors should be observed today:
1 – Specifications from the USA
A possible reprieve in the US-EU tariff dispute has left New York stock exchanges buoyant after a weak start on Wednesday. The Dow Jones Index of Standards closed 0.5 percent higher at 25,648 points. The broader S & P 500 advanced 0.6 percent to 2850 points. The index of the technology exchange Nasdaq improved by 1.1 percent to 7,822 points.
2 – Trade in Asia
The Japanese stock exchanges gave in on Thursday. The escalating trade dispute between the US and China is weighing on the market, traders said. In addition, weak US economic data, such as a decline in retail sales, weighed on sentiment. "Most investors have expected the US economy to be strong, which was a shock," said Hiroyuki Ueno, market strategist at Sumitomo Mitsui Trust Asset Management.
The Japanese leading index Nikkei fell at times by 1.1 percent to 20,970 points. Most recently, he traded 0.7 percent lower at 21,045 points. The broader Topix eased 0.6 percent to 1,535 points.
3 – Annual General Meeting of BMW
Are the fat years of the car company over? At the BMW Annual General Meeting, critical questions from shareholders are to be expected. The stock market price has fallen by 25 percent since the previous shareholder meeting, profits and dividends are shrinking and the outlook is uncertain.
BMW is currently investing a lot of money in electric cars to meet EU and Chinese requirements. Billions are also flowing into the development of autonomous cars, mobility services and other future fields. This weighs on current profits as well as weaker demand in Europe and the US, tariff and trade conflicts and possible EU antitrust penalties.
The contract of Chief Executive Officer Harald Krüger expires in May 2020. A decision on an extension must be made by the new Supervisory Board, which meets immediately after the Annual General Meeting.
4 – Kone is apparently getting started with Thyssen elevator business
The shares of Thyssen-Krupp will also be in the focus of investors. Because after the announced partial stock exchange course of the Thyssen Krupp elevator section takes the Finnish competitor Kone according to insiders the coveted branch again in the visor. Kone spelled out an offer to Thyssen-Krupp Elevator, several people familiar with the affair told Reuters. Thyssen CEO Kerkhoff had given up on Friday plans for a steel joint venture and a spin-off.
5 – Annual General Meeting of Vonovia
Vonovia invites to the Annual General Meeting in Bochum. Germany's largest housing group has had a successful business year – with two major acquisitions. The profit has increased. A few days ago, CEO Rolf Buch also raised the earnings forecast for this year.
Nevertheless, it should be restless in Bochum. Housing groups have recently been criticized more and more: Rising rents and housing shortages have made calls for expropriation, especially in large cities. Tenants have also announced protests in Bochum. With a "vigil" they want to receive the shareholders of Vonovia.
6 – RTL Group presents figures
This Thursday, the media company, part of the Gütersloh-based Bertelsmann family-owned company, will be presenting its business results for the first quarter of 2019. RTL has moved weeks behind it. In April, CEO Bert Habets had to leave his post surprisingly. Thomas Rabe, CEO of Bertelsmann, took over the head of RTL in personal union.
The share of Bertelsmann's top-selling subsidiary currently stands at around 47 euros. Just a year ago, the value of the paper was about 70 euros.
7 – Meeting of Euro Finance Ministers
On the agenda of the finance ministers of the euro zone is the economic development in Europe. The European Commission had drastically lowered its outlook for 2019, partly because of gloomy expectations in Germany and Italy, as well as international uncertainties.
There could also be debates about Greece's compliance with its loan program commitments. The highly indebted country had been saved from bankruptcy until last year with billions in loans from European and international partners. In return, Athens had to meet strict conditions.
Dates company on May 16
Dates economy on 16 May