On the last trading day of the week, a friendly trend prevailed on the German stock market. If the leading index Dax slipped briefly in early trading on Friday to another low since the beginning of March, the index then turned up and was up 0.6 percent at 12,990 points around noon.
On the last trading day of the week, a friendly trend prevailed on the German stock market. If the leading index Dax slipped briefly in early trading on Friday to another low since the beginning of March, the index then turned up and was up 0.6 percent at 12,990 points around noon.
However, the Dax has so far failed at the 13,000 mark. On a weekly basis, there is a loss of around one percent.
The courses put away a bad mood in the German economy quite well. The Ifo business climate index clouded over more in June than forecast, and companies were particularly worried about electricity prices and the shortage of gas.
The MDax of medium-sized stocks increased by 0.63 percent to 26,667 points in the morning. The Eurozone leading index EuroStoxx 50 even rose by more than one percent.
The Dax was mainly supported by price gains in the health spectrum. With Merck KGaA, Siemens Healthineers, Sartorius, Qiagen, FMC and Fresenius, six titles were among the ten biggest winners. Merck KGaA was at the top of the Dax with a plus of five percent. The industry is recovering from previous losses, some of which were high.
Zalando shares experienced a price collapse to their lowest level in almost eight years. After the online fashion retailer drastically reduced its targets, they fell by more than 13 percent and, as the biggest Dax losers, also dragged down Delivery Hero and Hellofresh. In the meantime, the Zalando price fell below the issue price of EUR 21.50 when it went public in autumn 2014.
Deutsche Post shares rose by 1.5 percent, benefiting from the annual report of US competitor Fedex. This achieved significantly more sales in the most recent financial quarter and the operating profit also rose.
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.
