woolrich outlet online Continental Corporation Annual Report 2016

peuterey giubbotti Continental Corporation Annual Report 2016

Continental posts negative share price performance for first time in four years.

Year end rally following consolidation on the stock markets

At the beginning of 2016, the continuing decrease in the prices of many raw materials particularly crude oil led to growing concerns about the global economy among many investors, triggering a downward

trend on the stock markets worldwide. and China caused a

further slump in prices. In this context, the DAX fell to around 8,700 points by February 11, 2016 a decrease of 19% compared to its 2015 year end level of 10,743.01 points. Mid February 2016 saw the start of

a recovery phase on the markets after prices for crude oil and other raw materials had stabilized. Weak foreign trade data from China caused sentiment to deteriorate again in the first half of March. The announcement

of additional expansive measures by the European Central Bank (ECB) did not have any significant impact on the stock markets in mid March. The cut in the key interest rate to 0.0% and in the interest rate on deposits

to 0.4% as well as the expansion of the monthly bond purchase program from 60 billion to 80 billion until March 2017 were in line with market participants’ expectations. economy’s annualized growth for the first quarter of 2016, which was lower than expected, stock market sentiment deteriorated again in early May. for the first quarter of 2016 had only a stabilizing effect over the remainder of the month. dollar and weakened the euro. The DAX also benefited from positive economic data and again rose above the level of 10,000 points. In early June 2016, the positive sentiment changed after polls in the United

Kingdom showed growing support among voters for an exit from the European Union in the upcoming referendum. Fears of a so called Brexit increased until mid June and pushed the DAX down to a level of 9,500 points,

which was also partly due to continuing uncertainty regarding the future monetary policy of the major central banks. A week before the referendum on June 23,
woolrich outlet online Continental Corporation Annual Report 2016
2016, investors increasingly felt that Brexit was unlikely

on the basis of new polls, resulting in a rapid recovery in share prices. The unexpected decision by 51.9% of voters to leave the European Union brought about a plunge in prices on international capital markets,

with a particularly strong impact on European stock markets. labor market data brought about a recovery phase on the European stock markets. This trend was supported by positive company results over the remainder

of the quarter. interest rate policy unsettled many investors. On the European stock markets, this led to profit

taking and was reflected in a slight decrease in share prices. presidential election caused many investors to act cautiously and conservatively. This was reflected in a sideways trend on most globalgovernment to increase public spending and deregulate the financial sector in particular over the coming years. The Dow Jones index reached new highs, rising above the level of 19,000 points for the first time in

late November 2016. At the beginning of December, many investors’ growing expectations of an increase in the expansionary European monetary policy also led to stronger price increases on European stock markets.

The DAX consequently rose above the level of 11,000 points for the first time in 2016. At its meeting in December, the ECB resolved to extend its bond purchase program, originally due to expire in March 2017, until

rate hike by the Fed. The Dow Jones index was quoting just below the level of 20,000 points in mid December. At its meeting in December,
woolrich outlet online Continental Corporation Annual Report 2016
the Fed raised its key interest rate for the second time after December 2015,