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Börsenradio Schlussbericht, Do., 09.04.: Waffenruhe-Wackler, Öldruck, DAX -1,1 % im Rückwärtsgang unter 24.000

·21 min·2 clips

Oil jumps back over $100 as a fragile ceasefire rattles markets and the DAX falls below 24,000 points.

1. Börsenradio To Go, dated Thursday 9 April 2026, presents a closing market report and investment interviews from the Börsenradio Studio with anchor Peter Heinrich. 2. Two investment professionals appear: Thomas Timmermann, CEO at TIM Invest and manager of the TIM Invest Europa Plus Fonds, and Janik Jökel, Fonds Advisor for the Alphastar Europa Fonds. 3. The episode's core question is whether the brief ceasefire-driven market relief of the previous day represents a durable turning point or a temporary bounce. 4. At interview time on 9 April at 12:00, the DAX stood at 23,800 points and had just bounced off its 100- and 200-day lines, which Timmermann describes as 'an absolutely interesting chart level as always when we do an interview.' 5. The previous day's rally — DAX up 5%, ATX up 4%, Vienna's Do&Co up 14.5%, Voestalpine up 10% — was described by Austrian fund manager Wögerbauer as 'a counter-reaction to prior pessimism' rather than genuine resolution. 6. On 9 April the DAX fell back 1.1% to 23,807 as the ceasefire showed signs of fragility and oil climbed toward $100 per barrel, restoring inflation and growth concerns. 7. Iran's reported limit of 13 tankers per day through the Strait of Homoos is cited as the mechanism keeping oil elevated and energy a market driver. 8. Lufthansa faces a cabin-crew strike on Friday, called by union UFO for the hours 0:00 to 22:00, affecting departures in Frankfurt and Munich. 9. Mercedes-Benz reported Q1 2026 sales of 499,000 vehicles, down 6% year-on-year, with China particularly weak at minus 27%, partly offset by a 5% increase outside China and 7% in Europe. 10. Janik Jökel presents Niox Group (Stockholm-listed medtech) as his newest position: global market leader in measuring exhaled nitric oxide to diagnose asthma, with the device installed at doctors' practices and hospitals. 11. Niox's revenue model is described as a classic razor-and-razorblade structure — the device has low margins but single-use disposable mouthpieces (changed after every patient for hygiene) represent 75-80% of revenue. 12. Jökel notes the addressable market is structurally under-penetrated: fewer than 5% of the estimated 300 million global asthma sufferers regularly measure, and Japan is the furthest-developed market and currently the largest for Niox. 13. German statutory health insurance does not yet reimburse the test, limiting growth in the public-health segment; Jökel identifies regulatory and insurer cooperation as a near-term growth lever, noting health insurers have a direct financial incentive to fund diagnosis. 14. Longer-term optionality includes COPD (chronic obstructive pulmonary disease) research using Niox devices, and a near-term home-use product expected in one to two years with a subscription-based monetisation model connected to a smartphone. 15. Timmermann describes the institutional investor consensus as uniformly 'hold and wait' — treating the oil shock as a one-time event — but warns this is the key risk: if the conflict lasts months or the whole year, inflation stays elevated and central bank manoeuvring room shrinks. 16. His fund kept its downside hedge throughout the volatility and used short-dated futures positions to generate approximately 60,000 euros from Stoxx Europe 600 futures during the conflict period, returning the fund to 3% positive for the year. 17. Amazon's Trainium 2 chip is mentioned as a 30-40% better price-performance alternative to GPU instances, with Timmermann noting AI investment stories will return once geopolitical noise clears. 18. Tesla is reported to be working on a smaller, cheaper SUV to be manufactured in China — described as a strategic reversal after cancelling the $25,000 project in 2024. 19. German-language investors and finance enthusiasts who follow DAX, Austrian stocks, and active equity fund management will find the episode timely and practically useful. 20. Listeners seeking deep-dive equity research or non-German-language markets coverage will find the breadth of topics too brief for meaningful analysis on any single subject.

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