The fear of rapidly rising interest rates had the German stock market under control again on Wednesday. The Dax fell by 1.21 percent in the afternoon to 13,741.61 points. The leading German index lost sight of the round mark of 14,000 points, which it had approached to a good 50 points the day before.
The fear of rapidly rising interest rates had the German stock market under control again on Wednesday. The Dax fell by 1.21 percent in the afternoon to 13,741.61 points. The leading German index lost sight of the round mark of 14,000 points, which it had approached to a good 50 points the day before.
The MDax of medium-sized companies fell by 1.28 percent to 27,749.13 points in the middle of the week. The Eurozone leading index EuroStoxx 50 fell by 0.7 percent.
The ailing energy group Uniper, which after losing billions in the wake of a lack of Russian gas deliveries, only sees improvement in the coming years, had its half-year figures in view. The titles listed in the MDax fell by more than nine percent. Delivery Hero fell in the MDax by 1.5 percent after their high increase the previous day. A critical report in the “Handelsblatt” on delivery services dampened the mood.
Other Internet stocks, such as those of the recipe box sender Hellofresh and the fashion retailer Zalando in the Dax, also posted high discounts of 6.3 and 5.1 percent. They are among financing-dependent growth stocks that are suffering from higher interest rates.
Real estate values were weak across Europe amid rising interest rates and high inflation. On the German market, Vonovia, TAG Immobilien and Grand City Properties posted price losses of between three and five percent. Adler Group in the SDax even lost nine percent.
The euro cost 1.0158 US dollars in the afternoon. The European Central Bank (ECB) set the reference rate at $1.0131 on Tuesday. On the bond market, the current yield rose from 0.82 percent on the previous day to 0.97 percent. In contrast, the Rex pension index fell by 0.75 percent to 135.37 points. The Bund future fell in the afternoon by 1.17 percent to 154.11 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.
