DAX without much movement – investors wait and see

The Dax moved little in the first hour of trading on Thursday. With a plus of 0.09 percent, the price table showed 15,701.70 points.

The MDax of the medium-sized stock market values ​​gained 0.25 percent to 34,790.13 points. The leading Eurozone index EuroStoxx 50 advanced by 0.1 percent.

On a weekly basis, there is currently a significant plus of three and a half percent. This is mainly due to the ultimately somewhat diminishing fear of the coronavirus variant Omikron.

Market analyst Jeffrey Halley from broker Oanda believes the market has been sufficiently “boosted” against risks. But the fluctuations are also likely to remain high. According to analyst Jochen Stanzl from CMC Marktes, investors are still cautiously optimistic. “The political measures that have already been taken to curb the current high number of infections also ensure positive expectations,” said the expert. “If these work as breakwaters, that would be good news for the stock market.”

A media report about possible new trouble with the US judiciary weighed on Deutsche Bank’s papers. They lost two and a half percent. Hellofresh’s papers continued their recent downward trend with minus one and a half percent. The day before, the cook box company had disappointed with its profit forecast.

The shares of Porsche Holding are still on the upswing with a plus of 1.2 percent. They are currently in focus with stock market plans for the core investment Volkswagen for the sports car subsidiary Porsche, which should not be confused with the holding company.

Reclassifications once again moved some values, sometimes significantly. The shares of the online real estate portal Scout24, for example, benefited with a plus of 2.2 percent from an upgrade by JPMorgan, while the shares of the online used car dealer Auto1 lost 3.2 percent after JPMorgan had downgraded them. Salzgitter fell by 2.8 percent, a negative vote from Morgan Stanley weighed on this.