The German stock market rose slightly on Friday. The leading index Dax rose in early trading by 0.11 percent to 15,149.28 points. This indicates a weekly increase of around 0.8 percent for the Dax. The MDax of medium-sized companies increased by 0.41 percent on Friday to 28,909.41 points. The EuroStoxx 50, the leading index in the euro zone, gained around 0.1 percent.
The German stock market rose slightly on Friday. The leading index Dax rose in early trading by 0.11 percent to 15,149.28 points. This indicates a weekly increase of around 0.8 percent for the Dax. The MDax of medium-sized companies increased by 0.41 percent on Friday to 28,909.41 points. The EuroStoxx 50, the leading index in the euro zone, gained around 0.1 percent.
In US trading the night before, technology stocks in particular were in strong shape. The Nasdaq 100 index rose 2 percent. After US trading closed, however, the semiconductor group Intel shocked with a slump in sales and profits in the past quarter. The share rushed after hours at times in double-digit percentage percentages. “This tension from the USA does not make it easy for investors in this country to orientate themselves,” commented analyst Thomas Altmann from QC Partners.
The telecom group United Internet announced details of the planned IPO of the hosting subsidiary Ionos. United Internet shares increased by 0.4 percent. Up to a total of 17.3 percent of the shares in Ionos are to be offered for a unit price of 18.50 to 22.50 euros. United Internet can look forward to gross proceeds of up to 408 million euros. At the upper end of the price range, the market valuation of Ionos could reach up to 3.15 billion euros.
Adidas shares rose 1.9 percent after the analysis house Warburg Research upgraded them from “hold” to “buy”. Analyst Jörg Frey assumes that the profits and the news flow of the sporting goods group will improve again in 2023. Adidas is likely to beat near-term earnings estimates.
Airbus shares were among the weakest Dax values with a price loss of 1.8 percent. Analyst firm Jefferies downgraded the shares from “buy” to “hold”. The aircraft manufacturer’s conservatively expected outlook for 2023 is unlikely to help the shares, wrote analyst Chloe Lemarie. It cut its earnings estimates by up to twelve percent by 2025.
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.
