After the losses at the beginning of the week, the German stock market rose again on Tuesday. The DAX gained 0.56 percent to 16,744.41 points. The MDax of medium-sized company stocks rose by 0.94 percent to 27,156.95 points.
After the losses at the beginning of the week, the German stock market rose again on Tuesday. The DAX gained 0.56 percent to 16,744.41 points. The MDax of medium-sized company stocks rose by 0.94 percent to 27,156.95 points.
Among the individual stocks, Covestro shares were in focus on Tuesday with a price premium of 1.4 percent. According to sources, the state-owned oil company Abu Dhabi National Oil (Adnoc) wants to improve its informal bid for the chemical company. There is still speculation at 60 euros per share. Adnoc also wants to offer a job guarantee for several years and investments of around eight billion US dollars, it said.
Siemens is further reducing its stake in Siemens Energy as announced. As a result, the stake in the company drops to 17.1 percent. Siemens shares rose by 2.8 percent, Siemens Energy shares closed 0.8 percent higher.
Thyssenkrupp Nucera shares continued their recent price rally at an accelerated rate with an increase of 12.5 percent. The electrolysis specialist wants to benefit greatly from the increasing global demand for climate-neutrally produced hydrogen in the coming years. This was matched by a report in the “Handelsblatt”, according to which Germany and six other European countries have agreed to ban all power plants that emit CO2 from their power grids by 2035.
The Internet service provider Ionos wants to further increase its sales and profit margin in the next two years. The goals of the United Internet subsidiary were well received on the market, with shares rising by 6.5 percent.
The European leading index EuroStoxx gained 0.32 percent to 4535.40 points on Tuesday. The leading stock exchange in Paris closed just slightly higher, the one in London moderately higher. In New York, thanks to the ongoing hope of interest rate cuts next year, both the leading index Dow Jones Industrial and the technology-heavy Nasdaq 100 climbed higher than ever before. At the close of trading in Europe, both indices were trading moderately higher.
The euro cost $1.0979 after the market closed. The European Central Bank (ECB) set the reference rate in the afternoon at 1.0962 (Monday: 1.0918) US dollars, which means the dollar cost 0.9122 (0.9159) euros.
The current yield on the bond market remained at 2.06 percent. The Rex bond index fell by 0.03 percent to 128.03 points. The Bund future gained 0.50 percent to 137.41 points.
Source: Stern
