The Dax, which had already started weaker, also posted losses on Wednesday afternoon. The leading German index was most recently down 0.59 percent at 15,623.39 points.
The Dax, which had already started weaker, also posted losses on Wednesday afternoon. The leading German index was most recently down 0.59 percent at 15,623.39 points.
US inflation data provided little additional movement in the early afternoon. The MDax of medium-sized company stocks recently lost 0.17 percent to 27,045.11 points. In Europe, the Eurozone leading index EuroStoxx 50 fell 0.56 percent to 4218.55 points. Inflation in the USA rose significantly in August.
On the corporate side, investors turned to wind turbine manufacturers who had previously performed poorly: Siemens Energy climbed to the top of the Dax by a good two percent, while Nordex, as the MDax winner, rose by 4.4 percent. The Bloomberg news agency had previously reported on the EU Commission’s plans to support the ailing industry. In addition, projects should be approved more quickly in the future.
Adidas and Puma under pressure
The sporting goods manufacturers came under pressure: investors took advantage of the good figures from the Spanish textile group Inditex to take profits in the broader consumer goods sector. Adidas slipped by 2.6 percent after its good run so far. Shares in competitor Puma fell by one and a half percent. On the other hand, the securities of the online retailer Zalando, which performed poorly, only lost moderately.
After the price fireworks of the past few days, HHLA shares rose by almost half. While the planned entry of the shipping company MSC initially caused a stir, there was speculation after a report about a counter-bid from the logistics entrepreneur Klaus-Michael Kühne. But according to experts, this will be difficult. HHLA shares gained around 70 percent within six days.
The euro was last quoted at $1.0753. The ECB last set the reference rate at $1.0713 on Tuesday.
The prices of German federal bonds fell. In bond trading, the current yield rose from 2.65 percent the day before to 2.70 percent. The Rex bond index fell by 0.24 percent to 123.50 points. The Bund future (December contract) lost 0.13 percent to 130.42 points.
Source: Stern
