Trade war is over and stock markets to peak

Veröffentlicht am: 07-Nov-2019
Kategorie: Trading
Zuletzt aktualisiert: 07-Nov-2019

Trade war is over and stock markets to peak

The Dax rises to 13300 points, reaching a new high for the year. The record of January of last year is becoming more and more palpable with a gap of just 300 points. German industrial output fell by 0.6 percent compared to the previous month and by 4.3 percent compared to the same month of the previous year. Deutsche Telekom increased its revenue in the third quarter by 4.8 percent to 20 billion euros. Primarily due to acquisitions and a profitable business in America, earnings before interest, taxes and depreciation increased by 5.4 percent to 6.5 billion euros. Due to high costs in the upcoming expansion of the 5G network, dividends are now being cut. For the current year, there is a dividend of 60 cents per share, which is 10 cents less than in the previous year. At the value of 60 cents is now also the lower limit. The value of the stock fell by almost three percent.

In the trade conflict between the US and China, the two countries have agreed to reduce tariffs. According to the Ministry of Commerce in Beijing, the dismantling should be done "in steps" and pave the way for a trade agreement. From the American side so far, a confirmation of the information is missing. However, if there is agreement and a reduction in tariffs, they should be reduced equally on both sides. The news, which now also promise first results, provided for a worldwide positive reaction of the stock exchanges. The Japanese Nikkei index rose to 23,330 points and the euro moved up 0.16 percent to 1.1089 against the dollar.


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