Investors on the German stock market are eagerly awaiting the European Central Bank’s key interest rate decision on Thursday. In the early hours, most investors initially kept a low profile. The DAX lost 0.20 percent to 15,622.27 points in the first hour of trading.
Investors on the German stock market are eagerly awaiting the European Central Bank’s key interest rate decision on Thursday. In the early hours, most investors initially kept a low profile. The DAX lost 0.20 percent to 15,622.27 points in the first hour of trading.
The MDax of medium-sized corporate stocks, which initially started somewhat more firmly, also fell back and was most recently 0.39 percent lower at 26,949.40 points. On the European stage, the Eurozone leading index EuroStoxx 50 fell 0.19 percent to 4215.57 points.
The European Central Bank (ECB) will speak out in the early afternoon. Nervousness before the important event is high: experts are more divided than ever before, and there is also great uncertainty on the financial markets as to what the monetary authorities will decide.
The ECB decision-makers themselves were apparently recently debating whether there would be a further increase or whether the monetary authorities would maintain the current interest rate level for the first time since the summer of 2022. For the central bankers it is important to weigh up between the deteriorating economy and the persistent inflation in prices.
In terms of individual stocks in the Dax, BMW lost 1.9 percent after a pessimistic comment from the British Barclays bank. But the other car stocks also fell, with a discount of up to two and a half percent for Porsche AG at the end of the DAX.
Lanxess shares slipped to a low since 2010, with a discount of over three percent at times. The trigger was a pessimistic study by experts at the US bank Morgan Stanley, who see the delayed economic recovery as a further risk for the chemical company.
Meanwhile, Nordex shares rose in price by almost 1.9 percent; investors appreciated a new order for the wind turbine manufacturer in Spain, which came from the agricultural trading group Baywa.
After Citigroup’s purchase recommendations for several telecommunications stocks, investors also took action: shares in Telefonica Deutschland rose in price at the top of the MDax by 2.2 percent, 1&1 took the top spot in the SDax of smaller company stocks with an increase of 3.6 percent. And United Internet climbed 2.7 percent.
Source: Stern
