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Stock exchange in Frankfurt: Dax turns down before record high


The Dax fell below its record high on Monday. Around noon, the leading German index was down 0.22 percent to 15,727.45 points.

The Dax fell below its record high on Monday. Around noon, the leading German index was down 0.22 percent to 15,727.45 points.

He just missed the record of 15,810 points on Friday. The MDax of the medium-sized stocks last increased by 0.10 percent to 35,602.19 points. The leading Eurozone index EuroStoxx 50 was virtually on the spot.

On Friday, the standard value indices had reached record highs on Wall Street and thus reacted to the strong US labor market report. Good news for investors as an economic indicator is usually positive news for investors, but currently it also has a downside. Because: “It is becoming more and more apparent that the US Federal Reserve will initiate the monetary policy turnaround in the fourth quarter,” wrote Commerzbank.

Utility values ​​were in demand across Europe at the beginning of the week, RWE were ahead in the Dax with plus 2.2 percent. Auto stocks, on the other hand, were avoided on Monday. Daimler lost 1.7 percent in the Dax, burdened mainly by a canceled buy recommendation from Jefferies. Only Heidelbergcement was worse than Daimler in the leading German index with minus 2.9 percent. Barclays had downgraded the titles.

The Munich traffic technology specialist Schaltbau is about to be taken over by the US financial investor Carlyle. The Schaltbau shares jumped 35 percent to 54.80 euros. Analyst Christian Cohrs from Warburg Research advised in a study available on Monday to accept the offer of 53.50 euros per share.

The papers of the construction machinery manufacturer Wacker Neuson sagged by 3.1 percent. The financial services provider Hypoport significantly increased its bottom line profit in the second quarter. The shares gained 3.4 percent. The Internet company United Internet wants to buy back its own shares. The company announced on Friday evening that the volume was up to 160 million euros. The shares gained 2.7 percent. The Commerzbank stocks gained 2.3 percent after a buy recommendation from Citigroup.

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