Cyrrus (Cyrrus)
Markets  |  November 13, 2012 17:02:46

Wake bears?

This morning was for investors who hold shares in the portfolios of E.ON, very bitter. The company released its financial results and stock reacted very sharp sell-off in the end in the range of up to 12%. The reason no sales results for the last quarter, profits and sales were better than market expectations and goals for this year will be met. The real problem for the company is the outlook for 2013. They need to revise their targets due to changing market conditions, they may have to close some factories. The afternoon conference was criticized by those governments that impose taxes on utilities. Will highlight the boom in renewable energy sources as one of the main problems.The next three months - in other outcomes, shareholders may just yank whether to maintain dividend 1 euro / share, or reduced. Many portfolio managers today sold out due to the emerging position no certainty on the title.

But it's not just about E.ON. I feel overall worsening sentiment in the markets. Again, coming out of the old familiar podkoberce Greece. By the end of this week to repay its debt and repay it? ... If so, I believe that the stock market will grow again a few percent to plus, if not, we expect another sell-off. It seems to me, however, likely the first option, take a different debt to repay the expiring.

Additionally come Macro worse for the euro area. Today came negative ZEW economic sentiment for Germany. Last week, ECB chief Draghi mentioned that the crisis may have a big impact on Germany, which is now starting to show.Last week also disappointed German exports, corporate orders and industrial production.

But let's not just negative. Today, for example, could earn the investors who bought palladium, now strengthened by 4%. It's because today released analysis from Johnson Matthey. He'll apparently lack, Russia supplies are low and production of cars is a must.

About 16 clock can be read from the stock exchange following values: S & P500 1380 points (+ 0.13%), DAX 7,140 points (-0.3%), crude oil WTI $ 85.3 / bbl (-0.2%), gold 1.728 USD / ounce (-0.03%), EUR / USD 1.27 (- 0.08%).

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