The Dax initially maintained its previous day’s gains on Tuesday ahead of inflation data from the USA. In early trading, the leading German index recently rose by 0.12 percent to 15,363.82 points. The MDax of medium-sized companies gained 0.26 percent to 25,475.99 points on Tuesday. The Eurozone index EuroStoxx 50 was 0.1 percent higher.
The Dax initially maintained its previous day’s gains on Tuesday ahead of inflation data from the USA. In early trading, the leading German index recently rose by 0.12 percent to 15,363.82 points. The MDax of medium-sized companies gained 0.26 percent to 25,475.99 points on Tuesday. The Eurozone index EuroStoxx 50 was 0.1 percent higher.
According to stockbrokers, market participants are likely to act cautiously until the US inflation data is published in the afternoon. Investors are once again hoping that the data will provide new assessments of the future monetary policy of the US Federal Reserve, which will hold its last regular interest rate meeting this year in December.
The reporting season caused movement in individual stocks on Tuesday. There was a lot of praise for RWE; the utility exceeded expectations based on the figures for the first nine months of the year and confirmed its annual targets. The shares gained 1.9 percent.
K+S investors initially breathed a sigh of relief after the fertilizer company’s quarterly figures. The papers, which were very weak this year, gained 5.8 percent. K+S performed better than feared, said a dealer.
A buy recommendation from Citigroup for Continental gave the car supplier and tire manufacturer’s shares a price increase of 2.6 percent. For Bayer, however, Deutsche Bank canceled its buy vote, and the shares of the agricultural chemicals and pharmaceutical company lost 0.6 percent.
Delivery Hero was up 3.5 percent. Despite the slump in consumption, the food delivery service is becoming a little more optimistic for 2023.
At their lowest level since 2009, ProSiebenSat.1 shares began to stabilize with a gain of 11.5 percent. The media group’s sales warning left investors cold and is considered priced in.
The defense electronics manufacturer Hensoldt is planning a takeover and may want to raise fresh money on the market through a capital increase. These prospects pushed the price down by 5.7 percent.
A slump in profits at the IT service provider Nagarro frightened investors; the shares lost more than ten percent.
Source: Stern
