The recovery on the German stock market that began in mid-July continued on Thursday. The courses received support from the USA, where economic data had exceeded the expectations of experts. As a result, listings on the Nasdaq technology exchange in particular had risen sharply. The leading index Dax rose in early Xetra trading by 0.78 percent to 13,693.44 points.
The recovery on the German stock market that began in mid-July continued on Thursday. The courses received support from the USA, where economic data had exceeded the expectations of experts. As a result, listings on the Nasdaq technology exchange in particular had risen sharply. The leading index Dax rose in early Xetra trading by 0.78 percent to 13,693.44 points.
The price drivers for the stock exchanges are currently not uniform, noted strategist Jim Reid from Deutsche Bank. Recently, weak growth figures have given the markets a boost because they speak in favor of a less tight US monetary policy. It was different the day before. US stocks rose on good economic data, notwithstanding possible consequences for the Fed’s actions, the expert wrote in a market commentary.
The MDax for medium-sized companies rose by 0.77 percent to 28,020.64 points, breaking the 28,000 point mark for the first time in almost two months. The leading eurozone index, the EuroStoxx 50, was up half a percent.
Investors have to deal with a flood of quarterly reports. The reactions to the numbers of the Dax companies Adidas, Beiersdorf, Merck KGaA and Zalando were positive, the courses increased by 1.2 to 4.2 percent. The shares of Bayer and Hannover Re, on the other hand, were slightly in the red after the business figures.
In the second and third row, the price swings were sometimes noticeably larger. Lufthansa rose by 5.7 percent. A trader praised the statements on the current third quarter, which showed increasing demand. Dürr shares increased by 2.7 percent. The mechanical and plant engineering company Dürr is expecting a record high order intake for the current year.
At the telecom provider United Internet, earnings per share fell short of expectations in the first half of the year. The price fell by 1.5 percent. At the chemical group Lanxess, the profit forecast for 2022 fell short of market expectations, according to a dealer. The course fell by 2.7 percent.
In the SDax, a downgrade by Baader Bank for the papers of the wind farm project developer PNE pushed it down by 9 percent. Hensoldt shares fell by 1.7 percent according to quarterly figures from the armaments group. Analyst David Perry saw profit-taking at work here after recent price gains. Biopharmaceutical company Morphosys fell short of expectations for sales in the second quarter. Stocks fell 4 percent.
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.
