In a generally troubled stock market environment, investors on the German stock market continued to hold back on Wednesday.
In a generally troubled stock market environment, investors on the German stock market continued to hold back on Wednesday.
After a brief excursion into the profit zone, the leading index Dax recently fell slightly to 13,183.47 points. The MDax of medium-sized companies fell 0.06 percent on Wednesday to 25,947.78 points. The leading eurozone index, the EuroStoxx 50, was almost flat.
In Germany, the focus was particularly on CTS Eventim. After a strong boost in profits in the first half of the year, the organizer and ticket seller is optimistic about a significant recovery from the corona pandemic. The shares fluctuated significantly in the course of trading and most recently rose by around two percent at the top of the MDax.
Away from the major indices, strong half-year figures brought the shares of SFC Energy an increase of almost eleven percent. Analyst Johannes von der Ohe from Bank Oddo BHF attested the fuel cell manufacturer a respectable first half of the year with a second quarter that exceeded its expectations in terms of both sales and operating profit. Driven by the strong order development and price increases, SFC has found an answer to the prevailing inflationary pressure.
The euro was trading at $0.9925. The European Central Bank had recently set the reference rate at 0.9927 (Monday: 1.0001) dollars. The dollar thus cost 1.0074 (0.9999) euros. On the bond market, the current yield fell from 1.20 percent on the previous day to 1.19 percent. The Rex pension index rose by 0.10 percent to 133.68 points. The Bund future fell 0.22 percent to 150.24 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.
