The Dax has continued its climbing tour. Irrespective of all economic and geopolitical risks, the leading German index closed 0.68 percent higher at 13,910.12 points. It thus reached its highest level for more than two months.
The Dax has continued its climbing tour. Irrespective of all economic and geopolitical risks, the leading German index closed 0.68 percent higher at 13,910.12 points. It thus reached its highest level for more than two months.
In the morning, the Dax was a good 50 points short of the 14,000 point mark. European economic news and mixed US economic data melted gains. But then the friendly US leading index Dow Jones provided a little more momentum on the home straight – it was over half a percent up at the end of European trading.
The MDax for medium-sized German companies rose by 0.72 percent to 28,108.38 points. The Eurozone leading index EuroStoxx 50 said goodbye 0.41 percent firmer at 3805.22 points. The indices in Paris and London gained a similar magnitude.
In the Dax, the initially friendly titles of the cooking box provider Hellofresh paid tribute to the recent recovery and ultimately lost almost one and a half percent. The same applied to the flavors and fragrances manufacturer Symrise with a minus of 1.1 percent.
It was the other way around with the recently weak titles of the defense companies Rheinmetall and Hensoldt: They increased by 3.7 and 4.3 percent respectively.
The MDax leader was the delivery service Delivery Hero, which inspired investors with statements on profitability and thus gave the entire industry some tailwind. The shares rose by almost five and a half percent and at times reached the highest level since their price slide of around 30 percent on February 10, when Delivery Hero shocked the market with a weak outlook.
Business figures from the Australian mining group BHP had a positive effect on commodity values in general and on steel stocks such as Klöckner, Salzgitter and Thyssenkrupp as well as on the shares of the copper group Aurubis. All won up to 5.7 percent.
The euro last cost $1.0169. The European Central Bank had previously set the reference rate at $1.0131.
On the bond market, the current yield fell from 0.84 percent the previous day to 0.82 percent. The Rex pension index rose by 0.01 percent to 136.39 points. The Bund future lost 0.52 percent to 155.71 points.
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.
