24hoursworld

Stock exchange in Frankfurt: Dax continues to rise to almost 13,800 points

Stock exchange in Frankfurt: Dax continues to rise to almost 13,800 points

The Dax continued to climb towards 13,800 points on Friday. At the end of a friendly trading week, the leading German index gained 0.74 percent to 13,796 points in morning trading. The MDax for medium-sized companies increased by 0.25 percent to 27,965.27 points. The Eurozone leading index EuroStoxx 50 rose by 0.50 percent to 3775.83 points.

The Dax continued to climb towards 13,800 points on Friday. At the end of a friendly trading week, the leading German index gained 0.74 percent to 13,796 points in morning trading. The MDax for medium-sized companies increased by 0.25 percent to 27,965.27 points. The Eurozone leading index EuroStoxx 50 rose by 0.50 percent to 3775.83 points.

In the course of the week, the Dax has now gained around one and a half percent and, after an unusually strong July, could already close the second week of August with profits. Above all, the hope of a slower pace of US interest rate hikes has recently given a boost against the background of somewhat more moderate inflation data.

Among the individual stocks, Freenet, Patrizia, Jungheinrich and Knorr- Bremse are in focus. After good business in the second quarter, the mobile communications provider Freenet increased its forecast for the operating result for the year, which gave the shares in the MDax an increase of 1.3 percent.

Jungheinrich increased by 0.7 percent. Analysts gave a positive note to the forklift maker’s operating results and margins in the current quarter.

On the other hand, according to the final quarterly report that was presented, Knorr- Bremse was at the bottom of the index for medium-sized companies with a drop of 3.0 percent. The order situation is good, but the statements made by the brake system manufacturer for trucks and rail vehicles on activities in China are negative, analyst Akash Gupta from JPMorgan summarized the news.

Source: Stern

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts