The Dax stabilized after its recent decline on Thursday. The German benchmark index benefited somewhat from the surprisingly significant decline in inflation here. Most recently it was slightly up at 15,224.35 points. The MDax for medium-sized stocks fell by 0.14 percent to 25,591.78 points. The Eurozone leading index EuroStoxx 50 stagnated. There were also signs of a robust start on the New York stock exchanges.
The Dax stabilized after its recent decline on Thursday. The German benchmark index benefited somewhat from the surprisingly significant decline in inflation here. Most recently it was slightly up at 15,224.35 points. The MDax for medium-sized stocks fell by 0.14 percent to 25,591.78 points. The Eurozone leading index EuroStoxx 50 stagnated. There were also signs of a robust start on the New York stock exchanges.
In this country, investors looked to the successful launch of the pharmaceutical division of the Mainz-based specialty glass manufacturer Schott on the stock exchange. Schott Pharma’s shares rose to 30.42 euros in the first few minutes. The previous daily low of 29.40 euros was also significantly higher than the issue price of 27 euros. Most recently, the shares were quoted at a good 30 euros. As a result of the solid start to the stock market, the shares of industry colleague Gerresheimer in the MDax increased by 1.1 percent.
Talanx shares benefited from a buy recommendation from private bank Berenberg, gaining 2.5 percent. Among the biggest losers in the MDax, Lanxess shares lost 2.2 percent.
The euro was trading at $1.0529 in the afternoon. The European Central Bank set the reference rate at 1.0536 US dollars on Wednesday.
On the bond market, the current yield rose from 2.80 percent the day before to 2.92 percent. The Rex bond index fell by 0.38 percent to 122.25 points. The Bund future lost 0.69 percent to 127.40 points.
Source: Stern
