Price gains in early German stock trading are almost wasteland again on Wednesday afternoon. While the leading index Dax had risen by almost one percent in the first few minutes of trading, it was last up 0.23 percent at 13,952 points.
Price gains in early German stock trading are almost wasteland again on Wednesday afternoon. While the leading index Dax had risen by almost one percent in the first few minutes of trading, it was last up 0.23 percent at 13,952 points.
“There is currently simply a lack of impulses that could move the German stock index in any direction and thus away from the 14,000 mark,” said market strategist Jürgen Molnar from Robomarkets. The MDax for medium-sized companies was virtually stationary at 28,900 points. The leading eurozone index, the EuroStoxx 50, rose by 0.3 percent.
War, delivery problems and special taxes
RWE and Eon took the lead in the Dax, each with gains of around two percent. They recovered somewhat from losses the day before, when a press report about an impending special tax on high profits from power generators in the UK weighed heavily on the industry.
In the second row, CTS Eventim fell more than seven percent. The French investment house Exane BNP advised to sell the shares of the ticket marketer and event organizer. Shares of Aroundtown fell one percent after the commercial real estate investor’s quarterly results.
In the third row in the SDax, Nordex fell by more than 18 percent after a profit warning. Due to uncertainties resulting from the war in Ukraine and ongoing supply chain problems in China, the wind turbine manufacturer is taking a more cautious view of the rest of the year.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
