The most important indices on the German stock market started the expiry day on the futures exchanges on Friday with premiums. After the key interest rate increase the day before, the European Central Bank announced that the interest rate level reached should initially be sufficient to combat inflation. This gave a boost to share prices. The German leading index Dax was 0.95 percent higher at 15,955.32 points after the first hour of trading.
The most important indices on the German stock market started the expiry day on the futures exchanges on Friday with premiums. After the key interest rate increase the day before, the European Central Bank announced that the interest rate level reached should initially be sufficient to combat inflation. This gave a boost to share prices. The German leading index Dax was 0.95 percent higher at 15,955.32 points after the first hour of trading.
At about the same time, the MDax of medium-sized corporate stocks rose by 0.56 percent to 27,479.81 points. On the European stage, the Eurozone leading index EuroStoxx 50 rose by 0.8 percent.
There could be major price fluctuations in trading before the weekend due to the large decline on the futures exchanges, as investors often try to drive prices in a direction that is favorable to them. In the USA there will also be some economic data on the agenda later that will be of interest: including figures on industrial production, import and export prices as well as consumer confidence determined by the University of Michigan.
When it comes to the individual stocks in the Dax, the pharmaceutical and supplier stocks were strong early on. Papers from the medical technology specialist Siemens Healthineers rose in price by a good 2.3 percent at the top of the index. They were followed by shares in the laboratory supplier Sartorius, which increased their price recovery by two percent. This week they fell to their lowest level since the end of July. Fresenius and Merck shares rose in price by up to 1.8 percent.
Source: Stern
