The Dax is having a hard time on Tuesday. There is movement in the US debt dispute, but no breakthrough between the White House and Republicans. From the beginning of June, the US government is threatened with default if no solution is found. Until then, market participants see a stalemate for the stock exchanges. After just under an hour in Xetra trading, the minus for the leading German index was 0.07 percent at 16,213.42 points.
The Dax is having a hard time on Tuesday. There is movement in the US debt dispute, but no breakthrough between the White House and Republicans. From the beginning of June, the US government is threatened with default if no solution is found. Until then, market participants see a stalemate for the stock exchanges. After just under an hour in Xetra trading, the minus for the leading German index was 0.07 percent at 16,213.42 points.
Sentiment data from German industry and the service sector showed ups and downs. According to the economists at Helaba, there is no clarity about the economic prospects. Overall, economic optimism is unlikely to increase.
The MDax of medium-sized stock market stocks was 0.26 percent higher on Tuesday morning at 27,657.04 points. The leading eurozone index, the EuroStoxx 50, fell by 0.3 percent.
In the Dax, the shares of the genetic diagnostics company Qiagen rose by 2.4 percent. Morgan Stanley had upgraded her to “Overweight”. Rheinmetall tested the support around the 160 euro mark, most recently the armaments group’s papers fell by 1.6 percent.
Real estate values rose. Vonovia, which suffered from the interest rate turnaround and was the weakest in the Dax so far in 2023, gained 4.8 percent at the top of the index. Papers from the industry were also in demand in the ranks behind the Dax.
Shop Apotheke advanced by 1.5 percent in the small-value index SDax after a more positive assessment by Morgan Stanley.
For Varta, however, there is hardly any land in sight, the shares lost 1.3 percent. There is nothing to celebrate for the battery manufacturer in the short term, according to the investment bank Oddo BHF.
Source: Stern
