The DAX’s record hunt came to a halt on Thursday. In early trading, the leading German index fell by 0.23 percent to 16,618.66 points. The day before it had reached another record high of 16,727 points.
The DAX’s record hunt came to a halt on Thursday. In early trading, the leading German index fell by 0.23 percent to 16,618.66 points. The day before it had reached another record high of 16,727 points.
The MDax of medium-sized companies recorded a discount of 1.15 percent to 26,430.92 points on Thursday. The Eurozone index EuroStoxx 50 fell by around 0.2 percent.
The development of overseas stock exchanges encouraged profit-taking. The day before, the market-wide S&P 500 in the USA closed with slight losses at the daily low. In Asia, too, sellers dominated the morning.
On the German market, Lufthansa shares fell by more than three percent. JPMorgan had downgraded it twice from “Overweight” to “Underweight”. Analyst Samuel Bland fears that significant capacity expansions in an environment of lower economic growth could put traditional airlines’ returns under pressure again.
The shares of Borussia Dortmund (BVB) fell by four percent after the DFB Cup exit at VfB Stuttgart. This means that the shares will see a small loss again this year.
Source: Stern
