After a week-long series of losses, the Dax stabilized on Wednesday. The leading index increased by 1.39 percent to 12,574.11 points by midday. The expectation of pronounced economic weakness had pushed the stock market barometer down by almost 3 percent the day before to its lowest level since November 2020.
After a week-long series of losses, the Dax stabilized on Wednesday. The leading index increased by 1.39 percent to 12,574.11 points by midday. The expectation of pronounced economic weakness had pushed the stock market barometer down by almost 3 percent the day before to its lowest level since November 2020.
The MDax for medium-sized stocks gained 1.37 percent to 24,972.77 points. The Eurozone leading index EuroStoxx 50 went up 1.56 percent. The courses received support primarily from the US technology exchange Nasdaq. Investors ventured there again on Tuesday. On Wednesday, tech stocks were also among the biggest winners across Europe.
In terms of individual stocks, Hellofresh and Delivery Hero stocks benefited from a deal between Just Eat Takeaway and Amazon. In the wake of Just Eat Takeaway, which soared by around 18 percent in Amsterdam, Hellofresh gained a good 4 percent in the Dax and Delivery Hero more than 3 percent in the MDax.
After the recent price slumps, Uniper shares also remained in view. The energy company can hope for state aid in its imbalance due to falling gas flows from Russia. However, this is hardly reassuring for investors. Uniper shares fell by around seven percent, approaching the record low reached the previous day.
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.
