The Dax shows its calm side on the last day of the shortened trading week before Easter. In the first hour of trading on Maundy Thursday, the leading German index was 0.22 percent higher at 15,554.05 points. Two days ago it had reached 15,736 points, a high since January 2022.
The Dax shows its calm side on the last day of the shortened trading week before Easter. In the first hour of trading on Maundy Thursday, the leading German index was 0.22 percent higher at 15,554.05 points. Two days ago it had reached 15,736 points, a high since January 2022.
The MDax for medium-sized stocks rose by 0.73 percent to 27,166.71 points. The leading eurozone index, the EuroStoxx 50, recorded an increase of around 0.2 percent.
US technology stocks had continued their course correction the previous evening, while the New York leading index Dow Jones Industrial continued to stagnate with a small plus in its recovery. US economic data had recently been disappointing, which dampened interest rate hike expectations. The focus is on the US government’s official labor market report on Good Friday, to which the markets can only react after Easter.
On the company side, Gerresheimer is on the German market shortly before Easter with quarterly figures. Strong demand for plastic packaging, inhalers and medication ampoules made of special glass drove the start of the year.
BMW gave way by 0.7 percent. It weighed on a canceled buy vote by Goldman Sachs. Symrise, on the other hand, gained 1.9 percent after a positive verdict by JPMorgan. The turnaround in earnings is in sight for the flavor manufacturer, it said. The titles of the leasing specialist Grenke increased by a good six percent after a buy recommendation from Deutsche Bank. Shares in the automotive supplier Schaeffler recovered by one and a half percent, also due to an upgrade to “buy” by Warburg Research.
Source: Stern
