The Dax gave way on Tuesday. Market observers spoke of moderate profit-taking, because the German stock exchange barometer has already increased by almost 9 percent since the start of the year. Around noon, the leading index fell by 0.13 percent to 15,114.47 points. The MDax went up by 0.13 percent to 28,494.22 points.
The Dax gave way on Tuesday. Market observers spoke of moderate profit-taking, because the German stock exchange barometer has already increased by almost 9 percent since the start of the year. Around noon, the leading index fell by 0.13 percent to 15,114.47 points. The MDax went up by 0.13 percent to 28,494.22 points.
Hardly any impetus came from the surprisingly strong economic expectations of financial experts. The data from the Mannheim research institute ZEW signaled a noticeable improvement in the economic situation on a six-month horizon for the first time since February.
Among the individual values in the Dax, Infineon’s shares rose by 0.8 percent. A study by the British investment bank Barclays on the European semiconductor industry provided impetus. Analyst Simon Coles thinks the stock’s valuation is attractive and emphasized the focus on comparatively better end markets. Eon papers, on the other hand, fell by 1.6 percent and suffered from a canceled buy recommendation from Bank of America, which now no longer sees any price drivers for the utility share.
In the MDax, the shares of the fashion retailer Hugo Boss fell by 2.2 percent despite better than expected quarterly figures. However, the papers had reached their highest level since May 2019 last week.
United Internet went up 3.1 percent because there is clarity about the IPO of the cloud service subsidiary Ionos. This wants to go public in the first quarter, as announced in the morning.
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.
