After significant losses the previous day, the German stock market embarked on a recovery course on Friday. The 15,000 point mark is within reach again for the Dax. Support comes mainly from the USA, where the pressure had come from the day before. Producer prices in Germany in December, on the other hand, had hardly any impact. Producer price inflation moderated for the third consecutive month, albeit from high levels.
After significant losses the previous day, the German stock market embarked on a recovery course on Friday. The 15,000 point mark is within reach again for the Dax. Support comes mainly from the USA, where the pressure had come from the day before. Producer prices in Germany in December, on the other hand, had hardly any impact. Producer price inflation moderated for the third consecutive month, albeit from high levels.
At lunchtime, the leading German index rose by 0.45 percent to 14,987.81 points. The MDax for medium-sized companies rose by 0.94 percent to 28,364.42 points. According to Thomas Altmann, portfolio manager at asset manager QC Partners, the first option expiry of the Dax this year at 1 p.m. could be exciting.
Among the individual values, Siemens Energy stood out with strong price fluctuations. At times it went down to 3.4 percent, then back into the plus. Most recently, there was a minus of 0.8 percent. The problems of its wind power subsidiary Siemens Gamesa continue to make things difficult for the energy technology group.
The T-Share fell by 0.8 percent and suffered from the fact that T-Mobile US became the target of a cyber attack. The US subsidiary does not rule out that the incident could result in high costs.
In addition, analyst judgments moved Dax values noticeably. Bank of America raised the Zalando share by two notches to “buy”. The fashion retailer’s shares took the lead in the index with a plus of 4.3 percent. The shares of the auto supplier Continental and those of the former subsidiary Vitesco from the SDax were downgraded from “buy” to “hold” by the analysis company Jefferies, which weighed on both values.
Covestro, on the other hand, rose by 2.3 percent, while BASF was at the previous day’s level. Credit Suisse had commented on both. Hypoport’s shares attracted attention, losing 3.2 percent at the end of the SDax. The financial service provider obtained fresh money by issuing new shares.
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.
