Markets Update Friday 27/03/2020 – Billions not enough?

Frankfurt – 27/03/20 Billions not enough? The USA has now overtaken China in terms of corona case numbers, becoming the epicentre of the virus crisis. Before the weekend, many stock exchange traders played it safe and took no risks. After a three-day rally, there was profit-taking and renewed waiting for bargains. Besides, there was a collapse in US consumer confidence. ...

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Markets Update Thursday 26/03/2020 – Buckle up

Frankfurt – 26/03/20 Buckle up It was again a turbulent day on the international stock exchanges, which amazed even experienced market participants.  The corona pandemic is hitting the US job market in record speed. Last week, 3.283 million Americans made their first application for unemployment benefits, according to the Labour Ministry in Washington on Thursday. The number has thus increased ...

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Markets Update Wednesday 25/03/2020

Frankfurt – 25/03/20 Worse than the GFC The Ifo Business Climate and the Purchasing Managers’ Index have slumped to an unprecedented extent due to the corona crisis. Chief economists now see the economy in worse shape than it was during the financial crisis. In March the Ifo Business Climate Index fell to 86.1 points, down from 96.0 points in the ...

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Markets Update Tuesday 24/03/2020 – Buy

Frankfurt – 24/03/20 Buy The current situation is still not for the faint of heart because today there were again dramatic fluctuations on the stock markets. Today, however, for a change, the stock markets have risen more than they have in over ten years. But the crisis around the coronavirus is still far from over. Investors seem to have regained ...

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Markets Update Monday 23/03/2020 – Gold boom is back

Frankfurt – 23/03/20 Gold boom is back The first trading day of the new trading week was also not for the fainthearted investor. However, fear of a massive recession continues to run rampant in the financial markets. Commerzbank’s economists expect the US economy to contract by 8 per cent in the spring quarter. This is likely to lead to a ...

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Markets Update Friday 20/03/2020 – Risk on – Risk off

Frankfurt – 20/03/20 Risk on – Risk off The fact that today the so-called covenant of witches was in force was almost completely forgotten in the current exceptional situation. As a result, futures contracts and options on the major stock indexes expired this Friday on the derivatives exchanges. The expiration of these futures contracts could, therefore, explain the slight recovery ...

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Markets Update Thursday 19/03/2020 – “Whatever it takes…”

Frankfurt – 19/03/20 “Whatever it takes…” In the fight against the economic consequences of the coronavirus pandemic, the European Central Bank has announced an emergency bond purchase programme worth 750 billion euros. This will involve public and private sector securities, as the ECB surprisingly announced on Thursday night. With the purchase programme, the ECB wants to help prevent further distortions ...

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Markets Update Wednesday 18/03/2020 – Dark

Frankfurt – 18/03/20 Dark Not at all slowly, but surely it is getting darker and darker on the international stock exchanges. Uncertainty about the consequences of the crisis triggered by the novel coronavirus remains exceptionally high and continues to weigh on the stock markets today. Numerous economists assume that the global economy will slide into recession because of the pandemic. ...

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Markets Update Tuesday 17/03/2020 – Drastic Measures

Frankfurt – 17/03/2020 Drastic Measures Now the drastic support measures in the USA seem to be gradually taking effect after all because the international markets at least stopped their free fall for the time being.  On Tuesday, the US Federal Reserve announced new money injections to support the short-term financing of companies. This is in response to fears of a ...

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Markets Update Monday 16/03/2020 – Lockdown

Frankfurt – 16/03/20 Lockdown Governments in Europe are taking ever more drastic action in the virus crisis, and public life is being shut down. Whether it’s flight bans, border closures, the closure of restaurants and shops, the declaration of a state of emergency, but also major economic stimulus programs – the list of measures with which governments in Germany and ...

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Markets Update Friday 13/03/2020 – State of Emergency

Frankfurt – 13/03/20 State of Emergency US President Donald Trump has declared a national emergency because of the spread of the coronavirus in the USA. The measure would release additional federal funds of up to 50 billion dollars to fight the novel coronavirus Sars-CoV-2, Trump said. This declaration of a state of emergency gives Trump far-reaching powers, including access to ...

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Markets Update Thursday 12/03/2020 – Hysteria

Frankfurt – 12/03/20 Hysteria Here it is, the perfect storm that’s taking apart life as we knew it and that is crashing the world markets. Reactions to “fight this dreadful virus” are getting out of control, are completed uncoordinated, often illogical and remind to the Hollywood movie “Idiocracy”.  Be it as it may, the World Health Organization now classifies the ...

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The blackest trading days since 1987

19 October 1987 On this memorable day, speculation on higher US interest rates caused prices to plummet worldwide. The Dow Jones index plunges 22.6 per cent. Even after the attacks of 11 September 2001, the slump was not as severe. In Frankfurt, prices measured against the recalculated Dax – the index was not introduced until 1 July 1988 – tumble ...

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Markets Update Wednesday 11/03/2020 – Trembling volatility

Frankfurt – 11/03/20 Trembling volatility Today, Wednesday, the panic was once again the order of the day. After the global indices skyrocketed on Tuesday, the mood today was one of a sell-out, and stock prices plummet.  The markets thus remain firmly in the grip of the corona crisis, which is continuously producing new twists and higher infection rates – and ...

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Markets Update Tuesday 10/03/2020 – Dead Cat Bounce?

Frankfurt – 10/03/20 Dead Cat Bounce? Especially Wall Street presented itself recovered with strong gains of over 4 per cent for the day. However, many analysts see a so-called “dead cat bounce” in this move and are warning investors to stay vigilant.  While there were again only a few new infections in China, the number of infected persons in Germany ...

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Markets Update Monday 09/03/2020 – Droppin’ like it’s hot

Frankfurt – 09/03/20 Droppin’ like it’s hot The dangerous combination of the corona crisis and the crash on the oil market caused panic among investors today and dragged the stock market down.  Only a few minutes after the opening of the New York Stock Exchange, trading was suspended for 15 minutes due to heavy losses. The reasons given for the ...

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Markets Update Friday 06/03/2020 – Recession Fears

Frankfurt – 06/03/20 Recession Fears  Overall, investors in the stock market remain deeply unsettled by the consequences of the coronavirus eruption. Every day, new infection figures are coming in via the ticker from more and more countries. Stock markets remain highly volatile, and fear of the consequences of the virus crisis has been prevailing for days. There is still no ...

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Dr. Doom warns of “White Swans”

Nassim Taleb wrote in the past, when it came to rare, highly unlikely events in financial history, of “black swans”. And so today Nouriel Roubini warns against the opposite, against “White Swans”. “Black Swans” stand for extremely rare and improbable events. So Nassim Taleb wrote about this phenomenon for the first time in his book “Fooled By Randomness” and even ...

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Markets Update Thursday 05/03/2020 – Told ya’!

Frankfurt – 05/03/20 Told ya’! Billions in aid from the International Monetary Fund (IMF) to stem the corona epidemic as well as cash injections from some central banks around the globe encouraged stock market traders on Wednesday. Today, however, the world of the stock market looked very different, and many investors fled. The lines of concern regarding the economic impact ...

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Markets Update Wednesday 04/03/2020 – Wishful trading?

Frankfurt – 04/03/20 Wishful trading? The stock markets continued to recover on a broad front this Tuesday. It seems as if investors paid tribute to the Fed’s surprise interest rate cut the previous day. In addition, the BoC (Bank of Canada) now also lowered the country’s key interest rate by 50 basis points from 1.75 to 1.25 per cent. These ...

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Markets Update Tuesday 03/03/2020 – Fed surprises, G7 disappoints

Frankfurt – 03/03/20 Fed surprises, G7 disappoints Investor hopes for G7 action were disappointed today. The G7 finance ministers and central bank governors have not taken any concrete measures. The fact that the US Federal Reserve surprisingly cut the key interest rate by 50 basis points allowed investors to take action before the uncertainty returned. The US Secretary of the ...

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Markets Update Monday 02/03/2020 – Central Banks Prevent Worse – For Now…

Frankfurt – 02/03/2020 Central Banks Prevent Worse – For Now… After the markets had been in a downward spiral last week, Monday was initially marked by a slight breather. The reason for this was provided by the Fed, which, with its hopes of a rate cut in March, gave investors a little more hope. In addition, other central banks also ...

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Markets Update Friday 28/02/2020 – How far down can this go?

Frankfurt – 28/02/20 How far down can this go? What a horror week! Within a few days, the price gains of the past weeks and months were pulverized because the (virus) panic on the stock markets is spreading. On Friday, prices plummeted again massively. Hopes are now pinning on intervention by the central banks. According to market observers, the Fed ...

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Markets Update Thursday 27/02/2020 – Black swan

Frankfurt – 27/02/20 Black swan After the possible effects of the coronavirus were underestimated on the stock markets for a long time, the opposite now seems to be the case. Markets are collapsing worldwide, and the sell button is being pressed in panic all over the globe.  The coronavirus appears to be the Black Swan event that could trigger a ...

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