The Dax has struggled to stabilize after three consecutive days of losses. The German benchmark index fluctuated around its previous day’s close in early trading on Tuesday and fell slightly to 15,022.84 points.
The Dax has struggled to stabilize after three consecutive days of losses. The German benchmark index fluctuated around its previous day’s close in early trading on Tuesday and fell slightly to 15,022.84 points.
The MDax of the medium-sized stock market values fell by 0.30 percent to 33,727.53 points. The EuroStoxx 50, the leading index for the Eurozone, rose by 0.2 percent.
Market experts like Andreas Lipkow from Comdirect are skeptical about the near future. “The situation remains tense and many negative impulses are currently affecting the financial markets,” said Lipkow. On the one hand, the rising energy carrier prices made life difficult for investors. On the other hand, the situation on the Chinese real estate market around the highly indebted China Evergrande Group remains tense. The group is so large that some experts fear a “risk of contagion” for China’s economy and beyond.
Positive news came from Infineon: The semiconductor manufacturer expects increasing sales and results for the coming fiscal year. The targets are above the current expectations of the analysts, wrote Sandeep Deshpande of the US investment bank JPMorgan. Infineon is currently profiting from the booming demand for chips. The shares of the semiconductor manufacturer rose among the biggest winners in the Dax by around one percent.
On the other hand, the often corona-related shortage of goods such as computer chips is affecting more and more companies. New business collapsed at the leasing specialist Grenke. According to the company, this was due to global delivery bottlenecks, especially for manufacturers of computer and office technology. The shares fell by more than twelve percent and were clearly the bottom of the small cap index SDax.
The shareholders of the shop pharmacy could look forward to a plus of a good eight percent, which meant first place in the SDax. The online drug retailer sees itself on track after nine months. The capacity bottlenecks have now been eliminated and there is no longer any shortage of personnel in logistics.
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.
