Quarterly reports from companies that were received positively continued to drive the Dax on Tuesday.
Quarterly reports from companies that were received positively continued to drive the Dax on Tuesday.
In the first hour of trading, the German benchmark index expanded its share price after its strong start to the month and rose by 0.43 percent to 15,873.94 points. This brings it closer to the record high of 16,030 points from August.
The MDax of the medium-sized stock market stocks recently fell by 0.09 percent to 35,085.87 points. The percentage of the leading Eurozone index EuroStoxx 50 was almost unchanged.
In addition to quarterly reports, the focus of investors is the beginning meeting of the US Federal Reserve, the results of which will be announced on Wednesday.
Quarterly figures from the Dax were presented on Tuesday by the clinic and medical group Fresenius and its subsidiary, the dialysis provider Fresenius Medical Care (FMC). FMC shares, which had recently fallen to a low since March, now rebounded 3 percent. From now on, FMC wants to position itself leaner. The cost-cutting plan is impressive, said a trader. According to FMC’s outlook, analyst David Adlington of the US bank JPMorgan considers the current market expectations for the current year to be too high.
The parent company Fresenius, in turn, raised its growth targets for the year. The third quarter went better than expected, according to the dealer. The shares gained four and a half percent.
The cook box group Hellofresh was able to convince the market with its quarterly figures and an increase in the sales forecast. Since the end of August in the downtrend, the papers landed at the top of the Dax with plus 14.5 percent a provisional liberation.
Steel stocks such as Salzgitter, Klöckner & Co and Thyssenkrupp were burdened by further falling iron ore prices and in some cases lost more than five percent.
The shop pharmacy published quarterly figures from the SDax and adjusted its growth forecasts downwards. The shares, which tended to be weak after their record high in February, fluctuated between plus and minus, most recently they were quoted again 1.1 percent higher.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
