The Dax rose towards 16,000 points on Thursday. The leading German index managed to surpass the threshold by one point after about an hour of trading. Most recently it was 0.58 percent higher than the day before at 15,983.56 points. For the end of August, however, a monthly loss of 2.8 percent is still emerging.
The Dax rose towards 16,000 points on Thursday. The leading German index managed to surpass the threshold by one point after about an hour of trading. Most recently it was 0.58 percent higher than the day before at 15,983.56 points. For the end of August, however, a monthly loss of 2.8 percent is still emerging.
The MDax went up 0.88 percent on Thursday to 27,763.74 points. The Eurozone barometer EuroStoxx was 0.4 percent higher.
Possible interest rate signals could determine the further trend. After inflation data from Germany the day before had neither fueled nor alleviated interest rate worries, the acceleration in inflation in France on Thursday was somewhat higher than experts had thought. Figures on current inflation in the euro zone are expected shortly. These are relevant for the next interest rate decision by the European Central Bank in September.
On the corporate side, the news situation was calm. Property stocks led the way at a sector level, continuing their recent recovery. Investors are counting on the market situation improving again in times when interest rates may soon stop rising. Dax leaders were Vonovia shares with an increase of 2.8 percent, while Aroundtown shares continued their recovery rally from the previous day in the SDax. With an increase of more than five percent, they improved further from their highest level since March.
SAP shares reacted cautiously to the results of a US competitor, the Walldorf-based company was half a percent higher than the previous day in the morning. Salesforce exceeded market expectations with its forecast for the current quarter. The shares of the Americans were traded over the counter about five percent higher.
With a jump in price of around ten percent, the shares of Mister Spex caught the eye in the second-tier segment. The online eyewear retailer impressed with its quarterly report.
Source: Stern
