Rising prices thanks to good specifications, especially from the US technology exchange Nasdaq, shaped the picture on the German stock market on Tuesday. The Dax continued the stabilization from the previous day with even more momentum. Around noon, the leading index rose by one percent to 15,760 points.
Rising prices thanks to good specifications, especially from the US technology exchange Nasdaq, shaped the picture on the German stock market on Tuesday. The Dax continued the stabilization from the previous day with even more momentum. Around noon, the leading index rose by one percent to 15,760 points.
The evening before in New York, the courses had picked up speed again and further profits are expected there when the stock market opens on Tuesday. In China, meanwhile, there was no new, bad news, and the stock exchanges in Shanghai and Hong Kong went up.
The MDax of medium-sized titles recently gained a good one percent to 27,302 points. The leading eurozone index, the EuroStoxx 50, rose even more.
Tech stocks were in demand across Europe. In the Dax, SAP shares rose by 2.2 percent after Metzler Bank included the software developer’s shares in its rating of “buy”. With Infineon, another tech stock showed price strength with plus 2.6 percent. In the MDax, Teamviewer benefited from the strong quarterly figures of the US video service provider Zoom Video with a plus of 2.8 percent.
A higher price target by Berenberg Bank for shares in the online pharmacy Redcare Pharmacy caused the price to rise by three percent.
Among the second-line stocks, Nordex also gained three and a half percent, supported by a major order from Canada for 49 wind turbines. SFC Energy shares gained nearly 5 percent. The fuel cell producer earned more than expected in the second quarter.
Source: Stern
