BACKGROUND / 31 stocks in the DAX for one day – Siemens benefits | 23.09.20

From Herbert Rude

FRANKFURT (Dow Jones) – It is not a premiere when the DAX and the Euro-Stoxx-50 are each calculated with an additional share on September 28th. The reason is the spin-off of the Siemens energy division. Siemens Energy will then be included in the two blue-chip indices for one day. The DAX will then contain 31 stocks, the Euro-Stoxx-50 accordingly 51 stocks.

In the past, this had already been the case at Osram, Uniper and Lanxess, for example. The reason for this is the set of rules for the two indices that provide for this method in the event of a spin-off.

According to the index operator Stoxx, the inclusion of Siemens Energy in the DAX for one day ensures that the index can be represented by investors. Inclusion in the index occurs with a price of zero. The free float factor and the number of shares with which Siemens Energy AG will be included in the index are determined by the Siemens AG share in the index and the spin-off ratio.

However, the spin-off mainly offers the spin-off company, in this case Siemens AG. The exchange-traded DAX funds (ETF) will sell the shares of Siemens Energy as passive investors on Monday evening at the closing price. These will then initially no longer be included in any index because they will only appear on the Deutsche Börse ranking lists for the indices after 30 trading days and only then can they qualify for inclusion in the index. The DAX ETFs will reinvest the sales proceeds in the shares of the parent company, in this case in Siemens shares. This creates additional demand.

However, this is only of a temporary nature. Because on December 18, the DAX will be re-chained to the closing price, i.e. the weights of the individual members will be adjusted again. Then Siemens is reset to the weight without Siemens Energy, so to speak. The ETFs will therefore also surrender their “surplus” Siemens shares.

In the Euro-Stoxx-50 everyone benefits from the reset to 50 titles

Commerzbank Technical Analysis and Index Research points out that the handling in the Euro-Stoxx-50 differs from that in the DAX. Should the spin-off title be in the first 40 places in the ranking on the evening of the first day of trading, it would replace the smallest company in the Euro-Stoxx-50. But that is usually not the case.

When the spin-off index was withdrawn on the evening of the first day of trading, ETFs then sold the spin-off as in the DAX. They then invested the money not only in the shares of the parent company, but also proportionally in all remaining Euro-Stoxx-50 members according to their index weighting.

DJG / game / gos

(END) Dow Jones Newswires

September 23, 2020 05:27 ET (09:27 GMT)


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Soon a remake of the video for “Wannabe” for the 25 years of the title of Spice Girls?

The ideal plan B in the absence of having been able to leave on tour.

Could the Spice Girls have toured again for their birthday? Yes, if the coronavirus pandemic had not decided otherwise. So instead, the Mel B, Emma Bunton, Heri Horner and Mel C plan to shoot a new video for “Wannabe” on the occasion of the 25th anniversary of the tube: “The Spice Girls hoped to hit the road in 2021 to mark their big anniversary but it is not possible because of the pandemic, “a source told The Sun. They chat regularly and they try to come up with new ideas to celebrate the big day. Mel C suggested they do something around Wannabe – including the idea of ​​possibly reworking the clip for social media. There are so many options and nothing is off limits. They want to give the fans something special. “

According to the 20 Minutes however, there’s a good chance Victoria Beckham won’t be on the project if it were to take place.


IMF approves financial extension of credit mechanism and disburses $ 1 billion in aid to the economy

(Agence Ecofin) – The IMF has just approved a financial extension of $ 765 million of Angola’s access under the Extended Credit Mechanism (MEDC) to support the economy against the coronavirus. The institution also announces the disbursement of $ 1 billion in favor of the country.

The International Monetary Fund (IMF) has approved an increase in the financing planned for Angola under the Extended Credit Mechanism (MEDC) agreement, concluded at the end of 2018. This is what the institution said in a press release published on Wednesday, September 16, 2020.

Initially implemented for a total of $ 3.7 billion, total MEDC funding to Angola will be increased by approximately $ 765 million.

In addition to the initial objective of restoring external and fiscal sustainability, improving governance and diversifying the economy, this increase will help support the Angolan authorities’ efforts to control the spread of the covid pandemic. 19, mitigate its economic impact and persevere in the implementation of structural reforms.

« Angola’s economy has been hit hard by a triple external shock induced by covid-19. It has led to economic and health crises, aggravated by the fall in oil prices given Angola’s dependence on oil exports. In response, the authorities have adopted decisive measures to deal with the impact of the shock and remain firmly committed to the program, especially in the fight against corruption. “, Said the IMF in its press release.

In addition to this financial extension of MEDC, the IMF approved the disbursement of one billion dollars in favor of Angola. This brings the total disbursements made under MEDC to $ 2.5 billion.

Moutiou Adjibi Nourou


Premier League: Liverpool FC – unchanged at the top of England?

Updated on September 12, 2020, 12:47 p.m.

While Chelsea FC invested € 223.2 million in new players, Jürgen Klopp held back on the transfer market with Liverpool FC. Can the English champion still defend the title?

You can find more football topics here

The dry spell is over. Of the FC Liverpool won last season The English championship again for the first time in 30 years. From a saturation trainer wants Jürgen Klopp know nothing though.

“The whole club is hot for the new season and wants to do even better,” said Klopp “We’re not defending titles, we want to get new ones, we’ve just started winning.”

England’s football coach of the year 2020 sends a warning to the competition: “We want to chase the opponents and the ball over the entire field, to continue to be a super unpleasant team that is not fun to kick.”

The defending champion did not make any costly transfers this time. Left-back Konstantinos Tsimikas, who comes from Olympiacos for a transfer fee of 13 million euros, is the only real newcomer so far. And this will probably only serve as a substitute for Andrew Robertson. The priority was to keep the successful team from Anfield together.

On the tax side, the defensive veteran Dejan Lovren is the only significant change. However, he only played ten games last season, so it won’t leave a big gap in terms of football.

The same eleven as last season?

Klopp could therefore have exactly the same starting XI in the first game of the season against Leeds United on Saturday as on the last matchday of last season.

On paper there is no better team in the Premier League: With Mohamed Salah, Sadio Mane and Roberto Firmino, Liverpool have the qualitatively best offensive trio in the league, which scored 46 goals last season.

Virgil van Dijk is considered to be the best central defender in the world. Other players such as the full-backs Trent Alexander-Arnold and Andrew Robertson or goalkeeper Alisson are among the best in the world in their positions. And maybe there will be a top player for the midfield: Thiago from FC Bayern Munich should be Klopp’s dream player.

According to information from “image“The Spaniard is already in agreement with the English champions. The two clubs have only been unable to agree on the transfer fee. Bayern apparently don’t want Thiago to pay for less than 30 million euros.

With his game overview, his ball skills and his passing quality, he could steer the game from the defensive midfield. The Dutchman Georginio Wijnaldum, who did so so far, should again be on FC Barcelona’s wish list.

However, it is questionable whether Klopp would even hand it over.

Chelsea invested € 223 million

One thing is clear: the competition will demand a lot from the defending champion in the 2020/2021 season. Of the FC Chelsea has invested 223.2 million euros in new acquisitions according to “”. The German midfielder alone Kai Havertz is said to have cost around 80 million euros, the German center forward Timo Werner 53 million euros.

But that’s not all: In right winger Hakim Ziyech, left-back Ben Chilwell and the two central defenders Thiago Silva and Malang Sarr, more top players have been signed.

So that’s the team from Stamford Bridge Liverpools Competitor number 1? Chelsea coach Frank Lampard said cautiously: “We have a plan on how we want to improve our footballing level. But we have to be careful not to expect too much. We have to give the players time to adapt.”

The objection is justified: Five or even six newcomers could be on the starting line-up at Chelsea. The players could hardly play in because Havertz came to the team late and the preparation for the season was interrupted by the international break. So that means: While Liverpool has a well-rehearsed team, Chelsea is still in the process of finding.

Manchester City and Arsenal FC are also among the competition

And who else could be dangerous to Liverpool? The reigning runner-up Manchester City is the logical candidate. Coach Pep Guardiola was allowed to invest 78.8 million euros in newcomers and received, among other things, the top central defender Nathan Aké.

Arsenal FC around the German national goalkeeper Bernd Leno could be an insider tip. The Londoners invested “only” 34 million euros in new additions, but had a successful August.

First the “Gunners” won the final of the English FA Cup against Chelsea. Then the team also won the Supercup at the end of August. The opponent? Nobody less than Liverpool FC.

Sources used:

  • Transfermarkt.of: Premier League
  • Frank Lampard exclusive on Timo Werner and Hakim Ziyech
  • Liverpool coach Klopp mentions his plans: “… then it was that with the coach Jürgen Klopp”
  • Will Thiago come back to Munich at all?
  • FC Barcelona: Wijnaldum transfer unlikely despite Koeman interest

Between 1976 and 1990 Liverpool FC won ten out of 15 possible championships in England – only to go home empty-handed for 30 years. A German coach, Jürgen Klopp, ended this dry spell. Liverpool won their 19th title after just 31 of 38 games. After the last home game there was finally the cup.


Us Open: Osaka wins women’s tournament – Ultima Ora

(ANSA) – ROME, SEPTEMBER 13 – Naomi Osaka wins the US Open title by beating Victoria Azarenka for 1-6, 6-3, 6-3.

For the Japanese, number 9 in the world, this is the third Grand Slam title she won in her career, after the US Open in 2018 and the Australian Open in 2019. From Monday, Osaka will also return to number 3 in the WTA ranking.