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Grim Toll of Migrant Crisis Rises on Sea, Land

The latest deaths of migrants both on land and at sea are shedding light on the brutal tactics of the people-smuggling operations that stretch from across the Mediterranean to deep within Europe’s borders.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foes Try New Ways To Attack Iran Deal

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 75

Pro-Kurdish Party Joins Interim Government in Turkey

The power-sharing lineup unveiled by Prime Minister Ahmet Davutoglu also includes several independent appointees.

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

Special-operations units are trying to get their local counterparts ready for combat before American troops leave Afghanistan.

Russian Rocket Launches Inmarsat Satellite

A Russian Proton rocket on Friday launched an Inmarsat PLC spacecraft to put the British satellite operator on a course to begin operating a global network of high-bandwidth satellites by year-end.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

Syngenta Shareholders Not Happy

Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.

Hermès Plays Down China Luxury Risk

French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

Tesla Wants White House to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

‘Flash Crash’ Trader Denied Extradition Delay

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

Central Bankers Rethink Views on Inflation

Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis and it hasn’t bounced back as they predicted when the economy recovered and unemployment fell.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

China’s World

Markets? To Xi Jinping, Another Battle Comes First

Those who think a wilting economy and stock-market turmoil may divert Xi Jinping’s focus from his anticorruption campaign misunderstand his priorities, writes Andrew Browne. 58

Step Forward for Japan’s ‘Womenomics’

A new law will pressure Japanese companies to hire more women and promote them to management positions, part of Prime Minister Shinzo Abe’s economic program.

Syriza’s Poll Lead Narrows Ahead of Election

Greece’s left-wing Syriza party is leading against its main political rival ahead of next month’s elections, according to four polls published on Friday, though the gap with the conservative New Democracy party has closed considerably.

Since Katrina, Biloxi’s Rebound Has Been Slow

The Mississippi Gulf Coast city’s population is down 9.4% and many homes remain vacant. But the tourism destination’s casino industry, though smaller, keeps chugging along.

Anger Over Garbage in Lebanon Blossoms into Demands for Reform

Calls for political reform, however, collide with country’s entrenched, sectarian-based political system.

Mansion

A Swedish Couple’s Lakeside Oasis

Entrepreneur Olof Sköld and his partner, Helene Carson, build a retreat for their family

Review

The Saturday Essay

For China, a Plunge and a Reckoning

The stock market fall pierced the party’s mystique of omnipotence. In an interwoven world, the crisis should spur Beijing to prefer compromise to bullying.

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

On Wine: Will Lyons

Why Gin Is Back With a Flourish

Gin is experiencing the kind of boom the wine industry experienced in the mid-1980s, as boutique-distilled bottles with names like Half Hitch, Opihr and Ransom Old Tom give the classic G&T a new—and flavorful—twist

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Verkehrte Welt an der Börse

Die Börse hat immer recht, lautet ein Bonmot. Nun muss man diesen Weisheiten nicht immer folgen, zumal es deren viele und auch widersprüchliche gibt. Aber ins Grübeln konnte man am Donnerstag zur Eröffnung des Handels schon kommen. An einem Tag gespickt mit einer Flut von Unternehmenszahlen wollten viele Kurse einfach nicht so, wie sie eigentlich hätten sollen.

Der spanische Telekomriese Telefonica hat operativ die Erwartungen zwar in etwa erfüllt, beim Nettogewinn im vierten Quartal aber deutlich schwächer abgeschnitten als gedacht. Wer dachte, die Aktie würde unter diesen schwachen Zahlen leiden sah sich getäuscht. Um gut zwei Prozent ging es für den Kurs nach oben.

dapd
Augenreiben an der Börse: Viele Kurse laufen überhaupt nicht so, wie sie eigentlich sollten.

Der deutsche Pharmariese Bayer traf die hochgesteckten Erwartungen des Marktes mit seinen Geschäftszahlen ebenfalls nicht ganz. Zudem monierten Aktienhändler den Ausblick, der nur ein Wachstums im “mittleren einstelligen Bereich” vorsieht, während der Markt mit einem Plus von acht Prozent rechnete. Die Aktie scherte das nicht, sie mauserte sich mit einem Plus von rund 3 Prozent zum Top-Wert im Dax.

Der niederländische Einzelhändler Ahold dagegen hat die Dividende erhöht und einen  Aktienrückkauf angekündigt. Für Partylaune an der Börse ist das kein Grund: Der Kurs verlor 1,3 Prozent.

Bis zum Abend kann alles drehen – oder auch nicht

Augenreiben auch bei der Kursentwicklung von Adva im deutschen Technologieindex TecDax. Der Anbieter von Infrastruktur-Lösungen für Telekommunikationsnetze hat für das vierte Quartal Zahlen ausgewiesen, die zwar schlechter ausgefallen sind als vor Jahresfrist. Zugleich lagen sie aber deutlich über den Konsensschätzungen von Analysten. Die fanden zwar ein Haar im Ausblick des Unternehmens, dass der Kurs deswegen in der Spitze um 12 Prozent einbrach, überraschte dann aber doch – ebenso wie das deutliche Kursplus bei Aixtron. Schließlich hatte der Hersteller von Maschinen zur LED-Produktion miserable Viertquartalszahlen vorgelegt und zum Ausblick gab es wenig positives zu hören. Börsianer focht das nicht an. Sie kauften die Aktie und trieben den Kurs um 4 Prozent nach oben.

Fast wirkt es, als hätte an der Börse jemand mutwillig den Kauf- und den Verkauf-Knopf vertauscht. Es ist  nicht auszuschließen, dass am Ende des Tages alles wieder ganz anders aussieht – oder eben auch nicht.

Allen Anlegern, die aufs falsche Pferd gesetzt zu haben scheinen, sei daher mit einer anderen Weisheit Mut gemacht: An der Börse kriegt irgendwann jeder recht.

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    • In der Tat scheint lange bereits verkehrte Welt zu herrschen an den Börsen der Welt.
      Alles geht immer nur aufwärts - während sichtbar Rezession sich ausbreitet.

      Man möchte meinen, daß das schon von Reagan gesetzlich installierte Plunge Protektion Team fleißig seine Arbeit verrichtet.
      Ein wachsamer Blick auf die Kursverläufe der (besonders US-) Börsen schon bei den Futures offenbart eine Systematik von Kursvesteifungen, die auffallen müssen.

      Täglich, ja stündlich bereits, fragt man sich, wann diese Exzesse in sich zusammen brechen, denn dies ist ihr Schicksal immer gewesen.

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Grim Toll of Migrant Crisis Rises on Sea, Land

The latest deaths of migrants both on land and at sea are shedding light on the brutal tactics of the people-smuggling operations that stretch from across the Mediterranean to deep within Europe’s borders.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foes Try New Ways To Attack Iran Deal

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 75

Pro-Kurdish Party Joins Interim Government in Turkey

The power-sharing lineup unveiled by Prime Minister Ahmet Davutoglu also includes several independent appointees.

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

Special-operations units are trying to get their local counterparts ready for combat before American troops leave Afghanistan.

Russian Rocket Launches Inmarsat Satellite

A Russian Proton rocket on Friday launched an Inmarsat PLC spacecraft to put the British satellite operator on a course to begin operating a global network of high-bandwidth satellites by year-end.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

Syngenta Shareholders Not Happy

Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.

Hermès Plays Down China Luxury Risk

French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

Tesla Wants White House to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

‘Flash Crash’ Trader Denied Extradition Delay

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

Central Bankers Rethink Views on Inflation

Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis and it hasn’t bounced back as they predicted when the economy recovered and unemployment fell.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

China’s World

Markets? To Xi Jinping, Another Battle Comes First

Those who think a wilting economy and stock-market turmoil may divert Xi Jinping’s focus from his anticorruption campaign misunderstand his priorities, writes Andrew Browne. 58

Step Forward for Japan’s ‘Womenomics’

A new law will pressure Japanese companies to hire more women and promote them to management positions, part of Prime Minister Shinzo Abe’s economic program.

Syriza’s Poll Lead Narrows Ahead of Election

Greece’s left-wing Syriza party is leading against its main political rival ahead of next month’s elections, according to four polls published on Friday, though the gap with the conservative New Democracy party has closed considerably.

Since Katrina, Biloxi’s Rebound Has Been Slow

The Mississippi Gulf Coast city’s population is down 9.4% and many homes remain vacant. But the tourism destination’s casino industry, though smaller, keeps chugging along.

Anger Over Garbage in Lebanon Blossoms into Demands for Reform

Calls for political reform, however, collide with country’s entrenched, sectarian-based political system.

Mansion

A Swedish Couple’s Lakeside Oasis

Entrepreneur Olof Sköld and his partner, Helene Carson, build a retreat for their family

Review

The Saturday Essay

For China, a Plunge and a Reckoning

The stock market fall pierced the party’s mystique of omnipotence. In an interwoven world, the crisis should spur Beijing to prefer compromise to bullying.

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09