After the price slide at the beginning of the week, the Dax stabilized in early trading on Tuesday. The German benchmark index was 1.25 percent higher at 15,321.09 points after about the first hour, after it had come close to the 15,000 mark the day before.
After the price slide at the beginning of the week, the Dax stabilized in early trading on Tuesday. The German benchmark index was 1.25 percent higher at 15,321.09 points after about the first hour, after it had come close to the 15,000 mark the day before.
The MDax of the medium-sized stock market stocks made up for part of its recent losses with a plus of 1.10 percent to 35,181.00 points. The European benchmark index EuroStoxx 50 recently rose by 1.30 percent to 4096.04 points.
Concerns about an expansion of the crisis of the Chinese real estate company Evergrande had hit the global stock markets the day before, in this wake the Dax had meanwhile fallen to 15,019 points, its lowest level since May.
On the corporate side, the morning situation remained very calm; news that could drive prices was in short supply. In the Dax, the investors used the youngest price setters for some acquisitions. The shares of the VW umbrella holding Porsche SE, which had newly climbed into the leading index at the beginning of the week, were in demand at around 2.7 percent;
The previous day, banks across Europe were particularly clearly drawn into the downward spiral because of concerns about an expansion of the Evergrande crisis. The industry was now making headway again. Deutsche Bank, for example, rose by around one percent, and Commerzbank rose even more, with a plus of 2.4 percent.
After a sell recommendation that was canceled at the top of the MDax, Lufthansa continued their recent recovery with a plus of 4.6 percent. The day before, the shares had gained more than 5 percent after the capital increase, as investors honored the associated reduction in dependence on the German state.
Other analysts’ voices also moved: After a buy recommendation, Bechtle scratched their recently achieved record and were most recently up by almost three percent. Wacker Chemie grew by one and a half percent, and here, too, it was driven by a positive voice from the analysts.
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.
