Investors also took profits on the German stock market on Thursday. After an already weaker start, the German leading index Dax was down 0.57 percent at 16,637.55 points around midday. The abrupt end of the Christmas rally also had a negative impact on the US stock exchanges, where the Dow Jones fell deep into the red in late trading the day before.
Investors also took profits on the German stock market on Thursday. After an already weaker start, the German leading index Dax was down 0.57 percent at 16,637.55 points around midday. The abrupt end of the Christmas rally also had a negative impact on the US stock exchanges, where the Dow Jones fell deep into the red in late trading the day before.
In the wake of weak specifications from overseas, the MDax of medium-sized companies recently fell by 0.87 percent to 27,114.86 points on Thursday. The Eurozone leading index EuroStoxx 50 lost 0.59 percent to 4507.28 points.
In particular, prices in the heavily leveraged real estate sector have benefited massively in recent weeks from the hope of lower interest rates. Now the industry was one of the biggest losers. The price of the commercial real estate specialist Aroundtown fell by around three percent. LEG, TAG Immobilien and Germany’s largest landlord Vonovia lost up to 1.6 percent.
It was a similar story for car manufacturers; the recent price rally in the sector also took its toll here. At the bottom of the DAX were the shares in Porsche Holding with a loss of 2.1 percent, while BMW and Volkswagen lost similarly. For Mercedes-Benz it fell by almost one and a half percent.
Commerzbank shares led the first stock market league, but gave up some of their initial profits over the course of the year and were recently quoted 1.4 percent higher. The prospect of soon share buybacks with a volume of 600 million euros drove the price here.
The shares of the copper producer Aurubis were among the weakest MDax stocks after Warburg Research removed a buy recommendation. They lost around four percent one day after the publication of their business figures.
Source: Stern
