With a peak of 15,983 points, the Dax headed back towards the round mark of 16,000 points on Wednesday. Around noon, the leading German index gained 1.11 percent to 15,950 points. The day before, the barometer had fallen below important supports to almost 15,700 points.
With a peak of 15,983 points, the Dax headed back towards the round mark of 16,000 points on Wednesday. Around noon, the leading German index gained 1.11 percent to 15,950 points. The day before, the barometer had fallen below important supports to almost 15,700 points.
The MDax for medium-sized companies rose by 1.3 percent to 28,273 points in the middle of the week. Also up 1.3 percent, the Eurozone leading barometer EuroStoxx 50 was in better shape again.
On Wall Street, after a very weak start after the end of European trading, there was at least a certain stabilization the day before. The indices still closed clearly in the red, but at their daily highs.
Once again weak economic data from China left hardly any traces in this country. The Chinese economy slipped into deflation. On the one hand, this reduces the inflationary pressure in Western countries, since many goods are manufactured in China for export. However, a prolonged decline in the price level harbors major risks for a country’s economy.
Optimism for the further course of business drove the shares of Delivery Hero in the MDax with a plus of ten percent. The food delivery service presented quarterly figures, increased its sales forecast for 2023 and confirmed its profitability target.
A somewhat more cautious stance on the part of the chemicals trader Brenntag for the remainder of the year did not leave any negative marks on the share price: the shares gained 2.7 percent. Statements on customer demand could be viewed positively, said a trader.
A profit warning from diagnostics specialist Qiagen no longer surprised investors. The shares gained 2.7 percent.
Hannover Re and Eon ended up at the bottom of the Dax with minus 1.3 and minus 1.5 percent respectively. DZ Bank described the reinsurer’s outlook as conservative.
Source: Stern
