3.2 C
Munich
Wednesday, November 30, 2022

Stock exchange in Frankfurt: Dax with slight losses

Must read

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.
- Advertisement -

The Dax gave way at the beginning of the week. At the end of trading on Monday, the leading German index lost 0.36 percent to 14,379.93 points. The MDax for medium-sized German companies fell by 0.77 percent to 25,547.45 points. The Eurozone leading index EuroStoxx 50 said goodbye 0.40 percent lower at 3909.28 points. The national indices in Paris and London also fell moderately. In New York, the leading US index, the Dow Jones Industrial, was down a good 0.3 percent at the close of the European stock market.

- Advertisement -

The Dax gave way at the beginning of the week. At the end of trading on Monday, the leading German index lost 0.36 percent to 14,379.93 points. The MDax for medium-sized German companies fell by 0.77 percent to 25,547.45 points. The Eurozone leading index EuroStoxx 50 said goodbye 0.40 percent lower at 3909.28 points. The national indices in Paris and London also fell moderately. In New York, the leading US index, the Dow Jones Industrial, was down a good 0.3 percent at the close of the European stock market.

- Advertisement -

Producer prices from Germany for October gave indications of easing price pressure on Monday. According to Commerzbank, the data raised hopes that consumer prices would soon reach their peak inflation rate, even if the inflation problem was far from over. The recent upward thrust in the stock market is mainly based on the easing of inflationary pressures.

The Linux software specialist Suse sent positive signals to the German stock market with a strong quarterly development and an optimistic outlook. The papers listed in the SDax small-cap index gained three and a half percent.

At Uniper, the bottoming out continues to take shape. The papers of the energy company rose again at the top of the SDax by around a quarter of their value to 6.85 euros. In the meantime, in the course of the gas crisis and the end of Nord Stream 2 in 2022, they had lost around 94 percent to a record low of 2.55 euros.

In the Dax, investors took profits in the shares of the plastics group Covestro and the flavor manufacturer Symrise as well as in the Siemens papers after a recent strong run, the titles lost up to three and a half percent.

Rheinmetall titles, meanwhile, rose by a good three percent as the MDax leaders. Deutsche Bank recommends buying. Analyst Christoph Laskawi refers to the medium-term goals of the armaments group and auto supplier and sees the papers as good protection against negative economic trends in the coming year.

The shares of the software manufacturer Teamviewer gained two percent directly behind. They benefited from an upgrade by British bank Barclays.

Signs of easing inflationary pressure weighed on the euro. The common currency last cost 1.0237 US dollars. The European Central Bank (ECB) had previously set the reference rate at 1.0246 (Friday: 1.0366) dollars.

On the bond market, the current yield fell from 2.06 percent on Friday to 2.01 percent. The Rex pension index rose by 0.16 percent to 127.42 points. The Bund future rose by 0.22 percent to 140.40 points.

Source: Stern

- Advertisement -
spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article