After the turbulent previous week, the Dax will remain on a stabilization course on Monday. Since no fresh impulses are expected from New York at the beginning of the week due to a public holiday, the enthusiasm of investors in this country has not been great so far.
After the turbulent previous week, the Dax will remain on a stabilization course on Monday. Since no fresh impulses are expected from New York at the beginning of the week due to a public holiday, the enthusiasm of investors in this country has not been great so far.
After an early jump over the 13,200 point mark, the leading German index was moderately up 0.15 percent at lunchtime at 13,145.91 points. At the same time, the MDax gained 0.55 percent to 27,210.29 points. The leading eurozone index, the EuroStoxx 50, rose by 0.2 percent.
The largest price gains in the Dax were for the 3.8 percent higher shares of the recipe box mail order company Hellofresh, which dared to try to stabilize in a strong retail environment across Europe. The same applied to the online retailer Zalando with a plus of 1.6 percent. The food delivery service Delivery Hero is no longer part of the Dax, but its shares also followed the recovery after a tough start, with an increase of 2.8 percent.
After a short Dax abstinence, the papers of the consumer goods and adhesives manufacturer Beiersdorf have moved back into the first stock exchange league, with an increase of 1.8 percent, the papers were also among the biggest index winners.
On the other hand, a canceled buy recommendation by Oddo BHF pushed the shares of Siemens Healthineers down 1.4 percent – they almost ended up at the low recently reached since the beginning of 2021. Analyst Daniel Wendorff is now more skeptical about the margin development of the medical technology group.
Among the small caps in the MDax, Varta’s shares made a positive impression after a buy recommendation. An upgrade to “buy” by Goldman Sachs caused the battery manufacturer’s shares to rise by 3.3 percent. For the first time since April, they cost 90 euros again.
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.
