Before the important US job market report, the Dax reduced its previous weekly loss. On the market, the recovery was mainly attributed to strong numbers from Apple, which were published the night before after the US market closed. As a result, the indications for the US indices are also recovering somewhat.
Before the important US job market report, the Dax reduced its previous weekly loss. On the market, the recovery was mainly attributed to strong numbers from Apple, which were published the night before after the US market closed. As a result, the indications for the US indices are also recovering somewhat.
At the end of the first hour of trading, the Dax rose by 0.46 percent to 15,806.92 points. In the course of the week, it initially climbed just above the 16,000 point mark, but then came under pressure, resulting in a weekly minus of 0.7 percent.
The MDax rose on Friday by 0.61 percent to 27,479.73 points, while the leading eurozone index EuroStoxx 50 gained 0.3 percent.
The weekly conclusion now probably depends on the US job market report in the afternoon – the last week’s highlight after the key rate decisions by the Fed and the ECB.
While Apple from the USA convinced, Adidas succeeded in this country. According to RBC analyst Piral Dadhania, it was an encouraging quarter for the sporting goods group, which rose 5.3 percent.
In the second series of stock exchanges, Gea reported on the first quarter. However, an increased outlook from the mechanical engineering company no longer provided tailwind here, as the minus of 2.5 percent shows.
After the first quarter, the commercial vehicle supplier SAF-Holland is becoming somewhat more optimistic for the year as a whole, which was enough for a price increase of 3.7 percent.
At Krones and SGL, the reactions were negative, even if the quarterly reports did not actually receive any criticism. The manufacturer of beverage bottling lines, Krones, slightly exceeded expectations in the first quarter, but maintained the previous outlook. While his shares lost 1.8 percent, those of SGL continued their slide from the previous day with a discount of 2.8 percent.
At Software AG, investors were concerned about a possible bidding dispute. After the Bloomberg news agency reported on Thursday, citing circles, that the US financial investor Bain Capital wanted to offer 34 euros, the technology investor Silver Lake increased its offer from 30 to 32 euros per share. Software AG continues to support Silver Lake’s offer. After the first speculation about the Bain offer, which had pushed the price up to EUR 35.88 the day before, it now came back to EUR 33.74.
There is bad news for Evotec in connection with the aftermath of a cyber attack, where the price fell by 6.7 percent. The pharmaceutical drug researcher has to leave the MDax because the certified annual report was not published on time. The solar technology manufacturer SMA Solar, whose shares rose by almost four percent, will step up as a replacement.
Source: Stern
