The Dax recovered slightly on Thursday from its significant setback in the middle of the week. At the close of the market, the leading German index was up 0.52 percent to 13,697.41 points after it had risen by up to a good one percent at times in the course of trading.
The Dax recovered slightly on Thursday from its significant setback in the middle of the week. At the close of the market, the leading German index was up 0.52 percent to 13,697.41 points after it had risen by up to a good one percent at times in the course of trading.
The MDax of medium-sized companies ultimately lost 0.05 percent to 27,529.91 points. The day before, the returned fear of high interest rates and economic weakness had pushed the Dax down a good two percent.
The Eurozone leading index EuroStoxx 50 said goodbye on Thursday 0.57 percent higher at 3777.38 points from trading. In Paris and London, the national indices also closed with price premiums. The New York leading index Dow Jones Industrial, on the other hand, was just in the red at the close of the European stock market.
There was little price-moving news on the German stock market. Companies from the MDax made the headlines and even more so from the small-cap index SDax.
A profit target brought forward by the online pharmacy Zur Rose brought not only the Swiss, but also the German competitor Shop Apotheke a significant price recovery of almost three and a half percent. The share thus occupied one of the top SDax positions.
The commercial vehicle supplier SAF-Holland has reached its goal with the takeover of the Swedish brake manufacturer Haldex. At the end of the acceptance period, SAF-Holland controlled a good 93 percent of Haldex shares. The takeover bid was conditional on SAF-Holland receiving 90 percent of the shares. SAF-Holland shares gained 2.7 percent.
Thanks to record orders, the headlight manufacturer Hella is expecting a significantly better development in the new financial year than in the past. In the fiscal year that ended at the end of May, the subsidiary of the French supplier Faurecia suffered from high costs and the weak development of global car production as a result of the lack of parts. The shares also gained 2.7 percent in a positive industry environment.
On the other hand, Hensoldt shares, which have recently recovered well, came under significant pressure after a cyber attack on a French subsidiary. With a price slide of five and a half percent, the defense electronics manufacturer took last place in the SDax.
In the MDax, Wacker Chemie’s shares rose by almost two percent. A dealer referred to a large order for the Swiss solar module manufacturer Meyer Burger from the USA, which is positive for the solar supply chains.
The euro suffered from strong US economic data and recently fell to 1.0111 US dollars. The European Central Bank (ECB) had previously set the reference rate at $1.0178.
On the bond market, the current yield rose from 0.97 percent on the previous day to 1.01 percent. The Rex pension index fell by 0.48 percent to 134.72 points. The Bund future lost 0.19 percent to 153.87 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.
