After the Dax rose by almost three and a half percent the previous week, the leading German index was in the red around midday. Most recently it fell by 0.32 percent to 15,140.82 points. At the same time, the MDax was 0.35 percent lower at 25,048.21 points. Meanwhile, there were signs of a stable opening on the New York stock exchanges.
After the Dax rose by almost three and a half percent the previous week, the leading German index was in the red around midday. Most recently it fell by 0.32 percent to 15,140.82 points. At the same time, the MDax was 0.35 percent lower at 25,048.21 points. Meanwhile, there were signs of a stable opening on the New York stock exchanges.
The reporting season paused in the morning, and it was only around midday that Lanxess surprised with a price slide due to lowered targets. Because the specialty chemicals company once again slashed its operating profit prospects due to weaker than expected demand and wants to cut the dividend, the share price recently fell by 5.7 percent after a peak loss of almost 9 percent.
The shares of Vonovia were recommended for sale by Bankhaus Metzler after their recent dynamic recovery. They ended their rally to a high since February, which was driven by interest rate hopes, with a setback of four percent.
In the MDax, K+S shares suffered with a price slide of 5.5 percent due to a sell recommendation from UBS. Analyst Priyanka Patel misses earnings momentum in both the short and longer term. There are no signs of rising prices for the fertilizer company in 2024.
The euro last cost 1.0740 US dollars. The European Central Bank (ECB) set the reference rate at $1.0702 on Friday afternoon.
On the bond market, the current yield on German federal bonds fell from 2.72 percent on Friday to 2.70 percent. The Rex bond index rose by 0.11 percent to 124.30 points. The Bund future fell by 0.52 percent to 129.85 points.
Source: Stern
