On the German stock market, investors took advantage of the slight price recovery in early trading on Tuesday to exit. The most important indices turned into losses. As at the beginning of the week, early gains did not last long.
On the German stock market, investors took advantage of the slight price recovery in early trading on Tuesday to exit. The most important indices turned into losses. As at the beginning of the week, early gains did not last long.
The leading index Dax had meanwhile dropped to its lowest level since the beginning of March and fell by 1.16 percent to 12,625.72 points by midday. The MDax of medium-sized stocks fell by 2.00 percent to 24,996.33 points. The leading eurozone index, the EuroStoxx 50, fell by 1.01 percent.
fear of recession
Investors fear that the key interest rate hikes by major central banks in the fight against sharp price increases could trigger a recession. In addition, especially in Germany, there is a risk of a complete lack of natural gas supplies from Russia.
In the Dax, shares in economically sensitive companies in particular came under pressure. The share certificates of the engine manufacturer MTU lost around four percent at the end of the index. The papers of the automotive supplier and tire manufacturer Continental fell by almost three percent.
Shop Apotheke is growing strongly
Strong demand for non-prescription medicines drove the online medicine retailer Shop Apotheke strongly. With a gain of almost 14 percent, the shares were the undisputed leader of the SDax small-cap index, after suffering a minus of more than 7 percent at the beginning of the week from a skeptical study by the investment bank Oddo BHF.
Uniper shares continued to attract attention in the MDax. After the papers had collapsed by more than 27 percent on Monday, they initially recovered on Tuesday before turning negative and recently losing almost two percent. The energy company, which got into trouble due to falling gas flows from Russia, can hope for state aid.
At the end of the MDax, the shares of ProSiebenSat.1 lost almost eight percent and thus suffered from a downgrade by the US investment bank Goldman Sachs.
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.
