After a mixed start to the new stock market year, prices on the German stock market barely moved on Wednesday. In early trading, the Dax stood still at 16,770 points. This means that the leading index remains below the record high of a good 17,000 points in mid-December. The MDax of the 50 medium-sized stock exchange stocks fell slightly by 0.2 percent to 26,789 points.
After a mixed start to the new stock market year, prices on the German stock market barely moved on Wednesday. In early trading, the Dax stood still at 16,770 points. This means that the leading index remains below the record high of a good 17,000 points in mid-December. The MDax of the 50 medium-sized stock exchange stocks fell slightly by 0.2 percent to 26,789 points.
The price losses on the US technology exchange Nasdaq proved to be particularly slow. The evening before, the Nasdaq 100 Index had slipped to its lowest level since mid-December. However, the index had previously performed strongly.
“Obviously investors are not too willing to take risks at the start of the year. The majority are apparently trying to get into the market at cheaper prices,” wrote analyst Thomas Altmann this morning, referring to the weakness of US tech stocks. The start of 2024 on Wall Street “went really wrong”.
After the stock market closes in this country, the minutes of the US Federal Reserve’s most recent interest rate meeting could be worth a look in the evening. In mid-December, the Fed announced interest rate cuts. Many observers are already expecting lower key interest rates for the meeting in March. The markets will therefore analyze the wording of the protocol for clues about future monetary policy.
As with the individual values at the start of the year, there is calm. A recommendation from the investment bank JPMorgan for BMW shares caused the price to rise by 0.6 percent.
Investors reacted cautiously to a possible purchase of Airbus, and the price fell slightly. The aircraft manufacturer wants to secure the cybersecurity and data division of the ailing French IT service provider Atos with billions. However, the talks are still at an early stage.
In the MDax, Nordex shares were among the biggest winners with a gain of 1.6 percent. They benefited from a major order for the manufacturer of wind turbines.
Source: Stern