After the record run in the previous week and the first jump over the mark of 16,000 points, the Dax gave way on Monday.
After the record run in the previous week and the first jump over the mark of 16,000 points, the Dax gave way on Monday.
The German benchmark index fell by almost 0.8 percent shortly after the start, before recovering somewhat and finally lost 0.44 percent to 15,907.14 points. The MDax recently lost 0.39 percent to 35,777.26 points. The leading Eurozone index EuroStoxx 50 lost 0.6 percent.
At the beginning of the week, negative impulses came from overseas: In China, for example, economic data on retail and the state of industry were weaker than expected. The spread of the delta variant of the corona virus, especially in Japan, is also continuing to affect the mood.
At the end of the Dax, the shares of Adidas lost almost two percent. The papers of the sporting goods manufacturer had only reached a record high at the beginning of the month.
Among the bottom of the list in the MDax, the shares of Lufthansa recorded a minus of almost three percent. The federal government began to part with company shares that had been acquired in the Corona crisis to support the aviation group. The economic stabilization fund wants to reduce its equity stake by a maximum of a quarter to 15 percent in the coming weeks.
The shares of Hella moved a little further away from their record high reached at the beginning of August in the course of the latest takeover speculations and most recently fell by 2.7 percent to EUR 61.50. The auto supplier is swallowed up by the competitor Faurecia. The Hella shares had already risen significantly since the end of April after the families’ plans to sell had become known. In Paris, Faurecia’s papers soared more than six percent.
The residential property group Grand City Properties continues to be driven by strong demand for apartments. The company confirmed its targets for the year as a whole. The shares were thus moderately positive.
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.
