As the break of the basis upward trend would be since August 2004 (act. at 3.691 points) not already load factor enough, stands now also still the support zone from different high and Tiefpunkten of the years 1998, 2001 and 2002 between 3.751 and 3.659 points for arrangement. A little promiseful up-to-date besides the quantitative indicators would present themselves. Thus the trend dynamics in the course of the recent downward movement - based on the ADX - increased clearly, which underlines the described trend break.
To emphasize is however in particular the indicator constellation on monthly basis. In this time window confirm the fresh door signal of the MACD the negative divergences trained before on the part of the stochastics. Parallel to it the monthly RSI completed last a Doppeltop in the indicator process. First therefore a test of the March lows must be taken into account at 3.505 points with the STOXX 50; perspectively even threaten a return up to the cyclic low from June 2006 at 3.183 points.
Tuesday, August 28, 2007
HSBC increases profit
The largest European bank HSBC increased its profit in the first half-year despite difficulties in the US US businessUS business
London - the largest European bank HSBC increased its profit in the first half-year despite difficulties in the US US businessUS business. The result before taxes improved to at the end of of June by 13 per cent on 14,16 billion dollar (10.37 billion euro), as Kreditinstitut communicated on Monday.
The bank profited from a sales in China, by which a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain added by five per cent.
London - the largest European bank HSBC increased its profit in the first half-year despite difficulties in the US US businessUS business. The result before taxes improved to at the end of of June by 13 per cent on 14,16 billion dollar (10.37 billion euro), as Kreditinstitut communicated on Monday.
The bank profited from a sales in China, by which a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain added by five per cent.
HSBC despite problems at the US mortgage market optimistically
The largest European bank HSBC goes despite the problems on the US mortgage market confidently into the second yearly half.
The British money house is on course to become finished with the crisis at the American property market said chief of finances Douglas Flint on Monday. “We are very content with the progress in the businessbusiness business, even if naturally still another long way before us lies.” In the first half-year HSBC increased the profit before taxes by 13 per cent on 14.2 billion dollar and thus clearly as expected. Particularly because of the real estate crisis in the USA the bank had to raise however their prevention of risk in the comparison between years around approximately two thirds on 6.35 billion dollar.
By the result HSBC profited from the sales from firm daughters in China, by whom a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain the data added after around five per cent. The entire incomes rose owing to flourishing business in Asia and in the Investmentbanking by 23 per cent to 42.1 billion dollar.
The British money house is on course to become finished with the crisis at the American property market said chief of finances Douglas Flint on Monday. “We are very content with the progress in the businessbusiness business, even if naturally still another long way before us lies.” In the first half-year HSBC increased the profit before taxes by 13 per cent on 14.2 billion dollar and thus clearly as expected. Particularly because of the real estate crisis in the USA the bank had to raise however their prevention of risk in the comparison between years around approximately two thirds on 6.35 billion dollar.
By the result HSBC profited from the sales from firm daughters in China, by whom a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain the data added after around five per cent. The entire incomes rose owing to flourishing business in Asia and in the Investmentbanking by 23 per cent to 42.1 billion dollar.
HSBC despite problems at the US mortgage market optimistically
The largest European bank HSBC goes despite the problems on the US mortgage market confidently into the second yearly half.
The British money house is on course to become finished with the crisis at the American property market said chief of finances Douglas Flint on Monday. “We are very content with the progress in the businessbusiness business, even if naturally still another long way before us lies.” In the first half-year HSBC increased the profit before taxes by 13 per cent on 14.2 billion dollar and thus clearly as expected. Particularly because of the real estate crisis in the USA the bank had to raise however their prevention of risk in the comparison between years around approximately two thirds on 6.35 billion dollar.
By the result HSBC profited from the sales from firm daughters in China, by whom a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain the data added after around five per cent. The entire incomes rose owing to flourishing business in Asia and in the Investmentbanking by 23 per cent to 42.1 billion dollar.
The British money house is on course to become finished with the crisis at the American property market said chief of finances Douglas Flint on Monday. “We are very content with the progress in the businessbusiness business, even if naturally still another long way before us lies.” In the first half-year HSBC increased the profit before taxes by 13 per cent on 14.2 billion dollar and thus clearly as expected. Particularly because of the real estate crisis in the USA the bank had to raise however their prevention of risk in the comparison between years around approximately two thirds on 6.35 billion dollar.
By the result HSBC profited from the sales from firm daughters in China, by whom a billion dollar flowed additionally into the cashes. Without this a mark effect the vat gain the data added after around five per cent. The entire incomes rose owing to flourishing business in Asia and in the Investmentbanking by 23 per cent to 42.1 billion dollar.
HSBC closes abs funds
“We exposed, said the expenditure and cancelling from portions to the protection of the investors” HSBC Trinkaus counsel Norbert Stabenow of the FTD. Abs funds invest into forderungsbesicherte securities (ate Backed Securities, ABS), which are tradable to high price discounts in the current liquidity crisis at the credit markets partly only.
The market is so illiquide that no fair selling price calculation is possible at present, said Leonhard Fröhling, director/conductor of the institutional business with HSBC Investments. “The soil quality of the papers is uncritical according to our opinion. But we do not want that the Illiquidität determines the evaluation.” The fund is invested to approximately four per cent in the market for soil quality-weak US uS-Hypotheken (Subprime Mortgages) - “however only in the better classes 2005 and before it”, Fröhling said. The soil quality of the securities in the fund is solid with the average note A/BBB+.
The market is so illiquide that no fair selling price calculation is possible at present, said Leonhard Fröhling, director/conductor of the institutional business with HSBC Investments. “The soil quality of the papers is uncritical according to our opinion. But we do not want that the Illiquidität determines the evaluation.” The fund is invested to approximately four per cent in the market for soil quality-weak US uS-Hypotheken (Subprime Mortgages) - “however only in the better classes 2005 and before it”, Fröhling said. The soil quality of the securities in the fund is solid with the average note A/BBB+.
US crisis loads HSBC
The crisis in the US mortgage market left clear traces in the half yearly result of the British HSBC. In the US business the profit broke in around 43% on 1,8 billion $, while the writings-off jumped on putrid credits altogether around 63% or 2,46 billion $ to 6,35 billion $. Under the line however their large geographical span with agencies in altogether 82 countries benefitted the bank. Very strong growth in Asia and good results with the business customers compensated the break-down in the United States. After an extraordinary profit of approximately 1 billion $ from the sales of shares to the Chinese partner HSBC and a tax rate of 18,7%, sunk again, the profit rose before taxes company-wide around 13% to 14,15 billion $. Without the flattering special effect from China a plus of 5% would have resulted. At the stock market the result was taken up positively. The HSBC titles rose in a market held around 1,36%.
Lone star confirms KEB sales talks with HSBC
The Lone star fund confirmed “exclusive discussions” over the sales of its 51,02-prozentigen of portion to Korea Exchange bank (KEB) with HSBC of getting thing. “The discussions come in due time. KEB is now one of the Top banks in Korea”, said John Grayken, the Chairman of Lone star, on Tuesday according to press release. Now it far for Lone star is so to sell their majority portion to a strategic investor who makes the bank still more competitive, so Grayken.
On Monday HSBC had communicated, it holds conversations to the assumption to the based on net assets sixth-largest South Korean bank. Lone star had bought the KEB portion 2003 for approximately 1.2 billion USD. The transaction is examined momentarily however by the Korean public prosecutor's office. This is the opinion, the price of the Korean bank is at that time from the earlier management of KEB, Lone star and government representatives consciously too low estimated.
On Monday HSBC had communicated, it holds conversations to the assumption to the based on net assets sixth-largest South Korean bank. Lone star had bought the KEB portion 2003 for approximately 1.2 billion USD. The transaction is examined momentarily however by the Korean public prosecutor's office. This is the opinion, the price of the Korean bank is at that time from the earlier management of KEB, Lone star and government representatives consciously too low estimated.
HSBC: Lone star confirms discussions over KEB sales
HDen according to data concerns it with the portion 51 a per cent participation in the fifth-largest Korean bank, which is held by the American private Equity fund. The value of the participation is at present with 4,8 billion dollar.
The private Equity fund is at present in a law case in South Korea regarding the 1.2 billion dollar heavy assumption of KEB in the year 2003. After Lone star had bought and had reorganized the then marode KEB in August 2003, she should be resold to 71 per cent to the South Korean Kookmin bank (ISIN US50049M1099/WKN 765348). Because of continuous staatsanwaltschaftlicher determinations the Texaner withdrew its offer for sale for the KEB however again, with which a business in the volume of 7,3 billion dollar burst.
The private Equity fund is at present in a law case in South Korea regarding the 1.2 billion dollar heavy assumption of KEB in the year 2003. After Lone star had bought and had reorganized the then marode KEB in August 2003, she should be resold to 71 per cent to the South Korean Kookmin bank (ISIN US50049M1099/WKN 765348). Because of continuous staatsanwaltschaftlicher determinations the Texaner withdrew its offer for sale for the KEB however again, with which a business in the volume of 7,3 billion dollar burst.
HSBC accumulate
HSBC hold momentarily conversations with the American private Equity society Lone star across the purchase of their majority portion from 51% Korea Exchange bank (KEB) in the value of approximately 4.8 billion USD (approx. 3.6 billion euro). However represent the legal argument between Lone star and the Korean government (among other things reproach of the manipulation in the context of the purchase in 2003) an obstacle. By the intended assumption of the sixth-largest South Korean bank support HSBC the strategy to put the focus again strengthened on growth-strong asiatic markets.
In view of the very restrictive assignment of bank licenses represent an assumption the only possibility, market position in South Korea (so far: 11 branches; KEB: To develop 352 branches) clearly. Be considered the South Korean Bankenmarkt as very competition intensive, to Wachstumschancen in the administration of an estate would however in particular exist. Already in the first half-year 2007 the Asia business (vat result Hong Kong has itself: +25%; remaining Asia: settle again shown +37%) as result drivers.
In view of the very restrictive assignment of bank licenses represent an assumption the only possibility, market position in South Korea (so far: 11 branches; KEB: To develop 352 branches) clearly. Be considered the South Korean Bankenmarkt as very competition intensive, to Wachstumschancen in the administration of an estate would however in particular exist. Already in the first half-year 2007 the Asia business (vat result Hong Kong has itself: +25%; remaining Asia: settle again shown +37%) as result drivers.
HSBC wants to buy majority at Korean bank KEB
Largest European Finanzinstitut HSBC wants for 4.8 billion dollar the majority to South Korean Korea Exchange bank (KEB) to take over.
As the British money house communicated on Monday, it is already in discussions with the US-Investmentfirma Lone star, which holds 51 per cent by KEB. The assumption of the fifth-largest bank of South Korea would make possible HSBC, which contested operational readiness level in that hard, to expand but lucrative South Korean market. The bank must count however on counter offers, since also the British Hana Financial Group and the Kookmin bank interest in KEB announced.
The Kookmin bank had already tried in the past year to take over Lone of star portions of KEB. The business in the value of 7.3 billion dollar had burst however because of law cases with the authorities. Plans of foreign banks to enter into the South Korean market are repeated encountered refusal at the government in Seoul. Banks such as Citigroup and standard Charteredhaben it nevertheless production to develop their position in the fourth largest economics of Asia by the purchase of there rivals
As the British money house communicated on Monday, it is already in discussions with the US-Investmentfirma Lone star, which holds 51 per cent by KEB. The assumption of the fifth-largest bank of South Korea would make possible HSBC, which contested operational readiness level in that hard, to expand but lucrative South Korean market. The bank must count however on counter offers, since also the British Hana Financial Group and the Kookmin bank interest in KEB announced.
The Kookmin bank had already tried in the past year to take over Lone of star portions of KEB. The business in the value of 7.3 billion dollar had burst however because of law cases with the authorities. Plans of foreign banks to enter into the South Korean market are repeated encountered refusal at the government in Seoul. Banks such as Citigroup and standard Charteredhaben it nevertheless production to develop their position in the fourth largest economics of Asia by the purchase of there rivals
HSBC before entrance with Korea Exchange bank
The British group of major banks HSBC of getting thing possibly stands before a significant acquisition in Korea: It confirmed on Monday to lead with the American private Equity society Lone star of discussions across the purchase of their majority portion from 51% Korea Exchange bank (KEB). The purchase price would amount to 4,8 billion $. For the British major bank control of the quoted KEB would represent an important expansion step: In Asia the group (due to its roots as Hong Kong and Shanghai Banking Corp.) in Hong Kong is represented, in the last years in addition, increasingly in Southeast Asia engaged themselves and acquired participation in banks and life insurers in China strongly. After HSBC endeavored around international diversification over the acquisition of the Household international as well as the Republic New York had set particularly in the USA growth emphasis, on the half yearly press conference of the bank in July the foreign exchange was spent to set again strengthened on faster growing developing countries in Asia.
SHARE IN THE FOCUS: Continental somewhat more firmly - positive HSBC comment
The shares of Continental added on Friday after a positive Analystenkommentar and thereby against the total market lying easily in the minus maintained ground.The papers of the Automobilzuliefers advanced to 9,50 o'clock by 0,64 per cent on 94,27 euro and sat down thereby to the DAX point. The guidance index corrected the profits on exchange of the Vortage after impulseless defaults over sank by 0,16 per cent for 7.499, 97 points.
HSBC drink from & Burkhardt
At the US property market further no change of trend is in view. With the paragraph of existing houses in July we count with the today's publication on a decrease in the comparison to the previous month on 5,70 million units (ann.). The weak demand for real estates might come also in on Thursday the lining up OFHEO Hauspreisindex to the expression. For 2. Quarter 2007 we expect a decrease around 0,25% gg. Vq. The German enterprises should have been only conditionally affected by recent unrest at the financial markets in their evaluation of the current state of business. Their business expectations however might have easily clouded in view of the present uncertainties. Thus we count for ifo the business climate index waiting tomorrow for the publication in August on a decrease of 106,4 to 104,9 points. Altogether the index thereby remains however still in this country on solid level and points on a continuously good condition. From it the job market should profit in the coming months.
S&P 500 technical analysis - HSBC drink from & Burkhar.
Following the Reversaltag from 16 August the S&P 500 has so far classical Pull baking up to the former upward trend since July 2006 (act. at 1.471 points) carried out, report the analysts of HSBC drink from & to Burkhardt.
One places oneself the question whether thereby the recent intermediate recovery threatens to run out already again. The hurdles, which the share barometer had now directly before eyes, would have it without a doubt in itself. Beside the trend line specified above above all the old Tiefpunkte from May and June between 1.477 and 1.487 points and the 61,8%-Korrektur of the downward movement are to be called since in the middle of July. Move the S&P 500 in the area of conflict between friendly daily indicators (e.g. new MACD Kaufsignal) and indicators, which would remind on week (MACD, Aroon negatively) and monthly basis (RSI Trendbruch and sales signal) to the caution.
One places oneself the question whether thereby the recent intermediate recovery threatens to run out already again. The hurdles, which the share barometer had now directly before eyes, would have it without a doubt in itself. Beside the trend line specified above above all the old Tiefpunkte from May and June between 1.477 and 1.487 points and the 61,8%-Korrektur of the downward movement are to be called since in the middle of July. Move the S&P 500 in the area of conflict between friendly daily indicators (e.g. new MACD Kaufsignal) and indicators, which would remind on week (MACD, Aroon negatively) and monthly basis (RSI Trendbruch and sales signal) to the caution.
HSBC ranks Vossloh among the 10 Top Picks of the Nebenwerte
The analyst HSBC according to the Nebenwerte index “European MSC” cut in this year so far to 2% off better than the broad market altogether. As criteria for the ten values, which call the analysts for the coming months “Top Picks”, they call among other things fundamental Momentum, Werthaltigkeit and growth. On the favorite list HSBC Vossloh, Cramo, Eriks Groep, Gesco industry, Grontmij, note, PEAB, Tornos getting thing, TTS navy Technology and the Vitec Group stand.
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