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Sunday, November 27, 2022

Stock exchange in Frankfurt: Dax weaker before important data

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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 gave way on Wednesday. In early trading, the leading German index fell by 0.13 percent to 14,402.96 points. Since its low for the year almost two months ago, it has risen by more than a fifth and is now stable at a comparatively high level. The MDax of medium-sized stocks was down 0.24 percent to 25,558.47 points in the middle of the week. The EuroStoxx 50, the leading barometer for the eurozone, gained 0.1 percent.

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The Dax gave way on Wednesday. In early trading, the leading German index fell by 0.13 percent to 14,402.96 points. Since its low for the year almost two months ago, it has risen by more than a fifth and is now stable at a comparatively high level. The MDax of medium-sized stocks was down 0.24 percent to 25,558.47 points in the middle of the week. The EuroStoxx 50, the leading barometer for the eurozone, gained 0.1 percent.

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With the Thanksgiving holiday on Thursday in the US, the midweek data calendar is particularly busy. Purchasing manager indices from Germany surprised positively in the morning. Against the background of record inflation, the European Central Bank will probably not be deterred from its plan to turn interest rates again in December, wrote the Helaba economists.

In the afternoon, other important data from the USA are on the agenda, including purchasing manager indices and the consumer climate determined by the University of Michigan. In the evening, market participants are waiting for the minutes of the most recent Fed meeting and are hoping for further indications of the extent of future rate hikes.

In the middle of the week, a canceled buy recommendation on the German stock market weighed on Siemens Healthineers, which brought up the rear in the Dax with minus four percent. The medical technician’s ambitious outlook for the 2023 financial year leaves little room for maneuver, wrote Jefferies analyst James Vane-Tempest.

Shares of CTS Eventim extended their previous day’s gains and climbed to their highest levels since early June. Most recently, the increase was 4.3 percent. Baader Bank upgraded the stocks. In the course of the year so far, the business of the organizer and ticket seller has picked up enormously.

The papers of the ailing utility Uniper fluctuated again, most recently they lost around six percent. They had almost doubled at times in just four trading days the day before.

Source: Stern

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