The Dax barely moved on Tuesday. There is caution about the inflation signals expected from the Eurozone and the USA over the course of the week. In the afternoon, the leading German index fell by 0.18 percent to 15,937.06 points. The MDax of medium-sized companies lost 0.81 percent to 25,903.45 points.
The Dax barely moved on Tuesday. There is caution about the inflation signals expected from the Eurozone and the USA over the course of the week. In the afternoon, the leading German index fell by 0.18 percent to 15,937.06 points. The MDax of medium-sized companies lost 0.81 percent to 25,903.45 points.
Among the individual stocks, RWE shares moved to the top of the DAX with a gain of 2.9 percent. As some analysts expected, the energy company set higher goals for the current decade at its capital market day.
Infineon was the second strongest stock, rising by 1.5 percent. Jefferies analyst Janardan Menon was more optimistic about the chip manufacturer than before. Meanwhile, shares in Merck KGaA fell by 1.3 percent, downgraded from “buy” to “hold” by DZ Bank.
In the MDax, Freenet gained 0.3 percent, while Telefonica Deutschland (O2) hardly changed. As the “Handelsblatt” reports, citing insiders, O2 is preparing a far-reaching partnership with its competitor Freenet.
The euro was trading at $1.0960 in the afternoon. The European Central Bank last set the reference rate at $1.0951 on Monday afternoon. On the bond market, the current yield fell from 2.66 percent the day before to 2.56 percent. The Rex bond index rose by 0.37 percent to 124.35 points. The Bund future fell by 0.03 percent to 131.35 points.
Source: Stern
