The Dax briefly rose above the 16,000 point mark on Thursday. Investors were not bothered by the lack of a slowdown in eurozone inflation. Driven by a few stocks with catch-up potential, the leading index left behind the European environment and surpassed the mark by a few points for the first time in three weeks.
The Dax briefly rose above the 16,000 point mark on Thursday. Investors were not bothered by the lack of a slowdown in eurozone inflation. Driven by a few stocks with catch-up potential, the leading index left behind the European environment and surpassed the mark by a few points for the first time in three weeks.
However, this did not last: At lunchtime, the Dax was 0.52 percent higher at 15,974.73 points. For the end of August, after the record in July, there is still a monthly loss of almost three percent. The MDax went up 1.1 percent on Thursday to 27,821.99 points. Meanwhile, the Eurozone barometer EuroStoxx was slightly up. The stock exchanges in New York also got off to a mixed start.
Investors are generally back to German stocks, which had been hit hard by the rise in interest rates in recent months. They are hoping for a better market situation in times when interest rates may soon stop rising.
Property values, which continued their recent recovery, were sometimes the frontrunners. In the Dax, Vonovia shares rose by 3.4 percent, while Aroundtown’s shares continued their recovery rally from the previous day in the SDax.
The recovery of online stocks has also gained momentum. With an increase of 3.4 percent in the Dax, Zalando shares were almost on par with Vonovia. In the MDax, the papers of the recipe box supplier Hellofresh made it back over the 30 euro mark with a price jump of 6.7 percent. Stocks of the food delivery service Delivery Hero recovered by 4.2 percent from their previous day’s slide.
Source: Stern
