Get the latest report: February / 2010
published: 02/05/2010
February / 2010
German Market Report - Issue 23
published: Friday February 05 2010
Dear readers,
This monthly report contains a brief survey of the development of the German financial market in the previous month, in January 2010, which should be valuable for readers that are not based in the German-speaking region.
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Apaton Media is a Hannover-based company and provides a connection to the financial community within the German-speaking region. We develop and run classical and innovative exposure programs for our clients. If you want to meet us in the following cities, please contact us for further information.
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Review
Last month Germany's main index DAX® dropped -348.64 points or -5,85 % from 5,957.43 points at the end of 2009 to 5,608.79 points .
In January, the German business confidence rose for a record 10th month in a row, as the monthly Ifo index showed. This is raising the hope, that Germany's economy could lead Europe from its slump. The result was better than analysts surveyed by Dow Jones Newswires had expected.
Economy Minister Rainer Brüderle was cautiously optimical as well, when saying that Germany will grow more than expected this year, raising the government's growth forecast to 1.4 percent from a previous estimate of 1.2 percent. One of the indicators is that the exports are expected to grow by 5.1 percent this year.
While that, the German industrial group Siemens announced, that it would eliminate around 1,990 German jobs in its machine tool and industrial services activities. Siemens announced this only shortly after Germany's Federal Labour Agency said that unemployment had jumped in January to 8.6 percent of the workforce, with a total of 3.617 million unemployed.
DAX Chart
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Trading Volume
In January the trading volume on all German Stock Exchanges rose by 13 % to 118.7 billion Euro (January 2009: 105.5 billion Euro). The total trading volume on Xetra® rose as well from 90.1 billion Euro (January 2009) to 106.2 billion Euro. The trading volume of foreign securities on Xetra® and the trading floor in Frankfurt rose from 7.4 billion (January 2009) to 12.8 billion Euro.
The most liquid stock in the DAX® in January 2010 was according to the XLM again Siemens AG with 6.5 basis points (bp) for a volume of 100,000 Euro. The most liquid foreign stock was again Total S.A. with 14.1 bp. XLM measures the liquidity adapted from the implicit transaction costs in using basis points (1bp = 0.01 percent) – the lower the XLM, the more liquid the stock. In January, Deutsche Bank AG again was the company share with the highest volume (6.6 billion Euro) on Xetra® in the DAX®.
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Most discussed international companies
The most discussed international company on www.wallstreet-online.de in the last 30 days has been on rank 1 Washington Mutual. All together 24,782 postings dealt with that company. On rank 5 was Coalcorp Mining with 4,283 postings followed by Eurogas - about 2,151 postings brought that company on rank 6. wallstreet:online is the largest finance community in Germany with more than 50 million page impressions and more than 400,000 registered users.
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| Source: www.wallstreet-online.de, Companies are selected. Last update: February 3, 2010 |
Most discussed German companies
The most discussed German company on www.wallstreet-online.de in the last 30 days has been on rank 3 Conergy. All together 6,912 postings dealt with the renewables company. The next most discussed German companies are the Siemens spin-off Infineon on rank 4 with 4,366 postings and Solarworld on rank 8 with 1,837 postings.
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| Source: www.wallstreet-online.de, Companies are selected. Last update: February 3, 2010 |
Forecast
In our latest issue in January 2010 we expected a long loss period of the market beginning in April this year. The volatility of many shares already increased and the loss of more than -5% of the DAX in January seems to be an indicator for our suggestion.
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