The Dax, which started the week in a moderately friendly manner, continued to struggle with a clear direction on Tuesday. The fact that the economic expectations of financial experts in Germany brightened further in October did not give the leading index any impetus – around midday it fell by 0.10 percent to 15,222.02 points. The MDax of medium-sized companies lost 0.19 percent to 24,972.14 points. The Eurozone leading index EuroStoxx 50 fell by almost 0.1 percent.
The Dax, which started the week in a moderately friendly manner, continued to struggle with a clear direction on Tuesday. The fact that the economic expectations of financial experts in Germany brightened further in October did not give the leading index any impetus – around midday it fell by 0.10 percent to 15,222.02 points. The MDax of medium-sized companies lost 0.19 percent to 24,972.14 points. The Eurozone leading index EuroStoxx 50 fell by almost 0.1 percent.
Thanks to the lack of escalation in the conflict between Israel and the radical Islamic Hamas, the stock markets have so far been relatively stable. Despite all diplomatic efforts, the fighting continues. After Chancellor Olaf Scholz (SPD) on Tuesday, US President Joe Biden traveled to Israel the next day.
It looks as if the markets are currently in a “very dangerous holding pattern,” commented expert Jim Reid of Deutsche Bank Research. Since there have been no major developments since the Israeli evacuation call for the residents of the Gaza Strip on Friday, investors apparently initially see no need for further hedging measures.
In the leading German index, vehicle manufacturers were predominantly among the losers. Only the shares of the sports car manufacturer Porsche AG achieved an increase of 0.7 percent. In contrast, the shares of Porsche’s parent company Volkswagen (VW) fell by 0.9 percent in a weak industry environment. According to a report by the Reuters news agency, which cites insiders, VW is lagging behind its own schedule in negotiations on important measures for its cost-cutting goals. This should be seen as a bit negative, but given the strong position of the unions, it is not a big surprise, commented a stock exchange investor.
The shares of DAX bottom player Sartorius continued their decline at minus 3.2 percent, marking another low since mid-2020. Since the profit warning on Friday, the shares of the pharmaceutical and laboratory equipment manufacturer have lost 19 percent in value – also because of bad industry news from Pfizer and an analyst downgrade.
For the aircraft manufacturer Airbus, an upgrade resulted in share price gains of 2.4 percent and the DAX top spot. The US analysis house Jefferies now recommends buying. Expert Chloe Lemarie raised her earnings estimates for 2025 and 2026 as she bets on better operational development and share buybacks.
Corporate news caused significant price gains in the SDax small cap index. The shares of leader Drägerwerk jumped 10.5 percent after the medical and security technology group presented good preliminary quarterly figures and raised its annual targets.
Source: Stern
