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Tuesday, December 6, 2022

Stock exchange in Frankfurt: Dax falls minimally – investors hold back after rally

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Jane
Jane
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.
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The Dax took a breather after its recent winning streak on Tuesday. The leading index reacted only slightly to fresh economic data. Most recently, the Dax was 0.21 percent lower at 14,283.62 points. Since its low for the year at the end of September, the stock market barometer has recovered by more than 20 percent. The MDax fell by 0.73 percent on Tuesday afternoon to 26,113.06 points. The leading eurozone index, the EuroStoxx 50, rose by around 0.2 percent.

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The Dax took a breather after its recent winning streak on Tuesday. The leading index reacted only slightly to fresh economic data. Most recently, the Dax was 0.21 percent lower at 14,283.62 points. Since its low for the year at the end of September, the stock market barometer has recovered by more than 20 percent. The MDax fell by 0.73 percent on Tuesday afternoon to 26,113.06 points. The leading eurozone index, the EuroStoxx 50, rose by around 0.2 percent.

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The economic expectations of financial experts in Germany improved significantly from a low level. ZEW President Achim Wambach believes that the brighter prospects are primarily related to hopes of an imminent fall in inflation rates. The publication of US producer prices for October in the afternoon should be interesting.

The good mood among Infineon investors continues. The day before, the chip manufacturer had announced ambitious long-term goals and caused a price jump of almost 8 percent. Now the shares of the Dax group have gone up another 1.8, consolidating their highest level since the end of March. The topic of conversation was a commitment by the legendary investor Warren Buffett to the world’s largest chip contract manufacturer TSMC.

Hypoport shares ended their recent recovery rally with a price slump of almost 15 percent. Since the beginning of November, the financial service provider’s shares listed in the SDax have risen by around 45 percent.

The recent significant recovery in Uniper shares continued on Tuesday with a price increase of 8.8 percent. Since last Wednesday, the papers of the energy company, which is about to be nationalized, have already gained more than 60 percent in value.

A reduced earnings outlook initially sent Nordex shares deep into the red. In the further course, however, the papers of the wind turbine manufacturer recovered significantly and turned positive. Most recently, they were quoted 0.8 percent higher.

Source: Stern

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