On Tuesday, too, prices rose on the German stock market. The leading index Dax advanced 0.31 percent to 15,936 points in early trading. The MDax of the medium-sized stock market stocks was 0.04 percent in the red at 36,254 points.
On Tuesday, too, prices rose on the German stock market. The leading index Dax advanced 0.31 percent to 15,936 points in early trading. The MDax of the medium-sized stock market stocks was 0.04 percent in the red at 36,254 points.
Supporting impulses are mainly coming from the US markets: the market-wide index S&P 500 and also the indices of the tech exchange Nasdaq had soared to further record levels the day before.
Analyst Jochen Stanzl from trading house CMC Markets made the statements of Fed chief Jerome Powell on Friday as a decisive signal for the stock markets. Accordingly, the US Federal Reserve is likely to reduce bond purchases, but not yet raise interest rates. “With this sedative pill has since broken out a real buying frenzy in stocks,” wrote the expert with a view to the price records on Wall Street.
Most of the other European stock exchanges were weaker than the German stock market on Tuesday. The leading Eurozone index EuroStoxx 50 was up 0.2 percent at 4209 points.
Infineon was among the winners in the Dax with a plus of 1.6 percent, supported by a buy recommendation from broker Stifel. At the end of the Dax, the papers of the engine manufacturer MTU Aero Engines lost 1.5 percent. Dealers justified the weakness with the spread of the corona virus in many countries and the resulting restrictions in international air traffic. Lufthansa fell in the MDax by 1.2 percent, burdened by a sell recommendation by the Metzler bank.
At the top of the MDax was ProSiebenSat.1 with a premium of 2.4 percent. Analyst Jerome Bodin from the Oddo BHF financial group was more optimistic about ProSiebenSat.1’s advertising income and therefore advised buying the shares.
The shares of the Adler Group were in first place in the SDax of the smaller stock market values with a plus of 4.3 percent. The real estate group has increased its business targets for the current year. A higher price target from Berenberg Bank for the shares of the commercial vehicle supplier SAF-Holland helped it to a profit of 3.9 percent.
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.
