27.08.2024

Vonovia sells its nursing homes + Lufthansa - new strikes weigh on share price + Stock market currently in "wait and see" mode

Not much is likely to happen on the German stock market on the second trading day of the week either. Stagnation at a high level is the order of the day on Tuesday morning after the past three-week rally. This had taken the Dax close to its record high in mid-May. The current motto on the stock markets is 'wait and see'," wrote analyst Thomas Altmann from QC Partners. The stock market turnover of the 40 Dax stocks was lower the day before than it usually is around the turn of the year or on public holidays in the USA. "This shows just how great the fear of positioning oneself on the wrong side is at the moment," is the market expert's assessment. Investors are primarily waiting for quarterly figures from the chip company Nvidia $NVDA (+2.01%) in the middle of the week. The results of the specialist for computer chips for AI applications will send a signal to the entire industry.

On the winners' side at the top of yesterday's trading day were Vonovia $VNA (+2.37%) , with an increase of 3.7 percent. The real estate group wants to sell its nursing homes to financial investors. LEG Immobilien rose by 1.8 percent and TAG Immobilien by 1.7 percent in the wake of the sale. The sector is naturally benefiting particularly strongly from the prospect of falling interest rates.

A somewhat negative impact on sentiment at Lufthansa $LHA (+1.28%) traders saw the strike announcement at its vacation airline subsidiary Lufthansa Discover as somewhat negative for sentiment at Lufthansa. Pilots and flight attendants intend to strike there from Tuesday to Friday, complaining about the lack of collective agreements. Lufthansa shares fell 0.4 percent on yesterday's trading day. However, traders also pointed out that the crane share has already lost a lot this year. After trading at over 8 euros in February, the share price now stands at just under 5.70 euros.

Tuesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Sodexo EUR 6.24

Wolters Kluwer EUR 0.83

Yum Brands USD 0.67

Quarterly figures / company dates USA / Asia

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Quarterly figures / Company dates Europe

07:30 Dermapharm | Branicks Group half-year figures

10:00 Morphosys AGM

economic data

• 08:00 DE: GDP (2nd release) 2Q calendar and seasonally adjusted yoy FORECAST: -0.1% yoy 1st release: -0.1% yoy 1st quarter: +0.2% yoy calendar-adjusted yoy FORECAST: -0.1% yoy 1st release: -0.1% yoy 1st quarter: -0.1% yoy
• 08:00 DE: GfK consumer climate indicator August FORECAST: -18.4 points previously: -18.4 points
• 15:00 US: FHFA house price index 6/24
• 16:00 US: Consumer Confidence Index August FORECAST: 100.5 previous: 100.3 | Richmond Fed Producer Index 8/24