After the weaker start to the week, the Dax continued to fall on Tuesday. Just under an hour after the start of the stock market, the leading German index was almost unchanged at 14,377.24 points from the previous day’s close. The MDax of medium-sized stocks lost 0.62 percent to 25,387.81 points. The EuroStoxx 50, the leading barometer for the euro zone, has not moved.
After the weaker start to the week, the Dax continued to fall on Tuesday. Just under an hour after the start of the stock market, the leading German index was almost unchanged at 14,377.24 points from the previous day’s close. The MDax of medium-sized stocks lost 0.62 percent to 25,387.81 points. The EuroStoxx 50, the leading barometer for the euro zone, has not moved.
After weeks of rallying at the highest level since the beginning of June, the Dax is currently struggling a little – after an increase of almost 22 percent since the end of September. There is a lack of new impulses and these could also be absent in the further course of the week, because in the USA there will be no trading on Thursday due to the Thanksgiving holiday and only a shortened trading on Friday.
The recovery on the US stock market is also stagnating. The Nasdaq technology indices came back even more sharply the previous evening. Investors’ growth hopes for China were dampened by the sharp rise in Covid cases. After a poor start to the week, Asia’s stock markets were mixed this morning.
TAG Immobilien cancels the dividend for 2022. A trader commented that a company could not send a worse signal. TAG received the receipt from investors in the form of a price loss of around 11 percent.
Thyssenkrupp fell by more than four and a half percent after a share placement by a major shareholder. According to traders, Swedish investor Cevian sold a further 3.8 percent of its stake in the German steel and industrial group at a price of EUR 5.15 per share.
The papers of the armaments group Rheinmetall are still on the upswing. They climbed to their highest level since the beginning of August and most recently posted growth of 2.7 percent.
Uniper continued its rally with double-digit percentage gains, gaining 15.6 percent. A possibly imminent bailout for the gas trading group VNG supports the title of the energy supplier, dealers said.
The shares of the wind turbine manufacturer Nordex increased by 1.4 percent after an order from Belgium.
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.
