Financial markets
Investor fears of Brexit welded wounds
Brexit or Bremain? This is the question on Thursday on the stock exchanges, it was all. On the day of the referendum on the future of the UK in the EU, the optimists remain in the Majority.
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Permalink : http://dw.com/p/1JBke
Markets British-vote-in-waiting
The investors on the German stock market to the British staying in the EU and have bought on Thursday, as shares. On the day of the referendum in the UK, the Dax started the fifth day in a row with a Win. Since its last Low a week ago the Dax has jumped to 7.4 percent. The Euro-zone benchmark index Euro STOXX 50 jumped to the stock exchange to start short-the mark of 3000 meters, and to put on around half a percentage point.
The market is set according to the announcement of the final survey results are now clear on whereabouts in the UK in the EU, instead of an exit, said a broker. This is also the strong appreciation of the pound to the US Dollar, the highest level of the year. Other market observers, however, are moves carefully, such as Jochen Stanzl from CMC Markets: “The closer to the Brexit Referendum, the higher the probability that some investors get the idea that a part of your in the past days profits to pocket.”
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On Friday’s all in there
Really exciting it is, however, only on Friday, when the first referendum results are available. A British ‘ Yes ‘ to Europe would be a “real coup” for the investors, said Thilo Mueller of MB Fund Advisory. Experts see in the light of the recent strong run, however, only little air to the top of the Dax. A Plus of around 400 points in the Dax right after the announcement of the Results as the maximum Possible. In the medium term, Fund managers Müller holds a Dax level of 11 000.
What happens if the British escape, but, like hardly imagine a stockbrokers. While some observers expect only a loss of a few percentage points, holds Analyst Volker Sack of NordLB, a back-up to 8600 points. Equity strategist Markus Herrmann of the Landesbank Baden-Württemberg (LBBW) provides for the Dax in the case of a child statement of the British at 9000 points, you can imagine an extreme scenario with a “war of the roses” with the EU but even a Dax level of 7500 points – this would be a reduction of almost 40 percent in the last year reached a High of about 12,400 meters.
What industries would be drawn from a Brexit, especially hard, is for the stockbrokers on the Hand: exporters such as car makers and the investment goods sector. Because a Brexit could make the Euro to the British pound, more expensive, and therefore the export opportunities diminish. Also, some of the plants and machinery manufacturers and companies such as Siemens to operating sites in the British Isles have long-term contracts must meet. As well as the in the UK active supplier RWE and Eon.
zdh/who (dpa, rtr)