After the recovery over the course of the previous day, the mood on the German stock market remains tense on Tuesday. After mixed sentiment data from Germany from the service sector and industry, the Dax came under some pressure again after its positive start. Most recently it was 0.08 percent weaker at 14,788.60 points. The MDax of medium-sized companies, however, gained 0.61 percent to 24,226.87 points. The Eurozone leading index EuroStoxx 50 fell by 0.1 percent.
After the recovery over the course of the previous day, the mood on the German stock market remains tense on Tuesday. After mixed sentiment data from Germany from the service sector and industry, the Dax came under some pressure again after its positive start. Most recently it was 0.08 percent weaker at 14,788.60 points. The MDax of medium-sized companies, however, gained 0.61 percent to 24,226.87 points. The Eurozone leading index EuroStoxx 50 fell by 0.1 percent.
The situation in the Middle East also remains in focus. An escalation of the war between Israel and the Islamist Hamas is still not ruled out. Investors are also keeping a close eye on returns on the US bond market. On Monday, the yield on trend-setting ten-year US government securities temporarily rose to more than five percent, which had a significant impact on the stock markets. Only an easing in yields in the afternoon gave the Dax, which had meanwhile fallen to 14,630 points and thus to its lowest level since March, a tailwind again.
The construction software provider Nemetschek sent positive signals in the current reporting season. After a good third quarter, he expects annual sales to be higher than before. A stock exchange trader spoke of a positive surprise and the shares should continue their recent recovery trend. So they increased by 6.3 percent.
Talanx also exudes optimism. The insurance group (HDI) expects more profits in the current year after unexpectedly good business. The papers advanced by 2.6 percent.
The titles of the sporting goods manufacturer Puma SE gained 3.5 percent after quarterly figures and further confirmation of the annual targets. The outlook is reassuring, said one analyst. In the Dax, this also helped Adidas shares with a plus of 1.3 percent.
The shares of the plant manufacturer Dürr continued their decline at minus 1.6 percent after a further downgrade, and HSBC has now removed the buy recommendation.
Source: Stern
