Ahead of the US labor market data, investors on the German stock market continued to bet on key interest rate cuts in the foreseeable future. After its recent break from the record high of 16,727 points, the Dax has now set its sights on this again. Around midday it rose by 0.46 percent to 16,704.83 points. Its year-end rally that started at the end of October has already brought investors a profit of a good 14 percent.
Ahead of the US labor market data, investors on the German stock market continued to bet on key interest rate cuts in the foreseeable future. After its recent break from the record high of 16,727 points, the Dax has now set its sights on this again. Around midday it rose by 0.46 percent to 16,704.83 points. Its year-end rally that started at the end of October has already brought investors a profit of a good 14 percent.
The MDax of medium-sized companies recorded an increase of 0.73 percent to 26,728.51 points. The Eurozone index EuroStoxx 50 gained around 0.8 percent.
On the German stock market, Siemens Energy’s shares fell by 2.1 percent, bringing up the rear in the Dax. For analysts at JPMorgan, they are among the stocks that investors should avoid. The shares of the laboratory supplier Sartorius continued their recovery rally at the top of the DAX with a gain of 1.9 percent. Airbus recorded an increase of 1.8 percent following a buy recommendation from Deutsche Bank.
Adidas and Puma SE recovered somewhat after their profit-taking the previous day with plus 1.5 and 1.0 percent respectively. A below-expected outlook from the North American sportswear manufacturer Lululemon did not prove to be a burden.
Source: Stern
