The Dax moved very little on Wednesday. The German benchmark index was almost unchanged around noon at minus 0.01 percent at 15,721.33 points. Stockbrokers spoke of an unclear mood.
The Dax moved very little on Wednesday. The German benchmark index was almost unchanged around noon at minus 0.01 percent at 15,721.33 points. Stockbrokers spoke of an unclear mood.
On the two preceding days, the stock market barometer had increased, but barely exceeded the 15,700 mark.
The MDax of the 60 medium-sized stock market stocks was last 0.47 percent lower at 35,702.55 points. The European benchmark index EuroStoxx 50 posted a loss of 0.13 percent at 4186.39 points.
According to market expert Andreas Lipkow from the Comdirect, the stock exchanges are still relatively stable, because economic data from China fueled economic worries in the middle of the week. The world’s second largest economy is again suffering from the effects of the pandemic in retail and industry.
On the other hand, according to the experts at Commerzbank, the US inflation data published the previous day suggest that price pressure has subsided, which gives the US Federal Reserve a certain degree of flexibility in its plans for scaling back its billion-dollar bond purchases. “However, growth concerns are also increasing,” wrote Commerzbank experts Hao Zhou and Charlie Lay.
In the Dax, stocks from Fresenius Medical Care continued their downward slide and fell to their lowest level since March. The shares of the dialysis specialist were still in the last index place at noon with minus 2.4 percent. The shares of the FMC parent company Fresenius lost 1.5 percent. DZ Bank had removed the papers from its “Equity Ideas” shortlist.
Auto1 shares slipped to a record low according to the final figures, most recently they were quoted 2.4 percent weaker. Meanwhile, profit-taking weighed on some budding climbers from the MDax to the Dax: Zalando lost 1.2 percent, Puma lost 2.4 percent, and Hellofresh was down by more than 2.8 percent.
The disappointed hopes of some investors may have been even stronger for the Varta papers, which fell to a low since May on the last MDax place. Apple had not announced any new Airpods at its product launch, for which the manufacturer is known as a supplier of button cells. There was a 4 percent discount on the price board for the battery manufacturer’s shares.
Even the soon-to-be DAX member Brenntag did not have a sustained tailwind when the forecast was raised again. The chemicals trader’s papers turned after initial gains in the red with 0.8 percent most recently.
The MDax front-runners were Lanxess papers, which increased in price by around 1.4 percent after being upgraded by Credit Suisse.
In the back rows of the stock exchange, Zooplus shares fell by 2.7 percent after the interested party KKR left the takeover talks. The shares are still quoted well above the only public offer so far – the financial investor Hellman & Friedman had increased its offer to 460 euros per share.
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.
