After around two weeks of rigidity, the Dax managed to jump over the 16,000 point mark on Thursday. In the morning, the leading German index rose to a high since the beginning of 2022, at this level it was last up 1.26 percent at 16,152.11 points.
After around two weeks of rigidity, the Dax managed to jump over the 16,000 point mark on Thursday. In the morning, the leading German index rose to a high since the beginning of 2022, at this level it was last up 1.26 percent at 16,152.11 points.
The MDax of medium-sized companies also gained momentum on Thursday. He recently gained 0.91 percent to 27,654.78 points. The Eurozone leading index EuroStoxx 50 rose by 0.90 percent to 4362.08 points.
In the US, hopes of finding a solution to the political dispute over the US budget’s debt ceiling had boosted prices. However, a breakthrough has not yet been achieved. If there is no solution, the US is threatened with a default in June – with serious consequences for the global economy.
In general, however, a rather leisurely trading activity with thin sales is expected on the holiday “Ascension Day”. In the case of individual stocks, there could therefore also be larger price swings. There is no trading on the Scandinavian stock exchanges on Ascension Day, nor in Switzerland. The main focus is on economic data from the USA.
Because investors took more risks again, car values were in demand in the Dax in line with the generally firm trend in Europe in the morning, above all the Mercedes-Benz Group and Volkswagen rose by around two percent each. The Commerzbank shares at the top of the index were able to top this with an increase of 2.4 percent. Defensive providers, on the other hand, were among the bottom performers.
Shares in Siemens Energy benefited from a buy recommendation from US bank Citigroup and rose by 2.1 percent. Analyst Vivek Midha now sees scope for the energy technology group to improve its margins. With regard to the wind power subsidiary Siemens Gamesa, he now sees encouraging signals.
At the end of the Dax, only optically high losses were made, among other things, by shares in the real estate group Vonovia and the hospital operator Fresenius – they were traded ex dividend.
Siltronic shares took the top spot in the MDax with a price increase of more than two percent, and positive industry news from Japan provided a tailwind. There have been reports of large investments by chipmakers in the country.
Source: Stern
