Stock exchange in Frankfurt: Dax falls – US debt dispute burdened

The US debt dispute slowed down the Dax on Tuesday. The leading German index ended trading 0.44 percent lower at 16,152.86 points. It was further away from the record high of 16,331 points reached on Friday. The MDax for medium-sized companies fell by 0.71 percent to 27,388.16 points on Tuesday. In Europe, share prices fell more significantly: the leading eurozone index, the EuroStoxx 50, closed one percent lower. The leading US index, the Dow Jones, was almost unmoved at the end of trading in Europe.

There is movement in the dispute over raising the US debt limit, but no breakthrough. From the beginning of June, the US government is threatened with default if no solution is found. Until then, market participants see the stock exchanges in a stalemate.

In Germany, investors took advantage of the lower price level for real estate shares. The industry is suffering from the turnaround in interest rates by the central banks. Building and buying houses are becoming more expensive, and demand is falling. Apparently, however, many market participants see the chance of a bottoming out. Vonovia shares gained 5.6 percent at the top of the Dax.

Shares in the genetic diagnostics company Qiagen, the second-best Dax value, rose by 2.2 percent after the US bank Morgan Stanley upgraded them.

The euro recently fell to $ 1.0771. The European Central Bank had previously set the reference rate at $1.0779. On the bond market, the current yield rose to 2.5 percent from 2.43 percent the previous day. The Rex pension index fell by 0.51 percent to 125.11 points. The Bund future lost 0.15 percent to 133.84 points.