The Dax recovered a good bit from its price slump at the beginning of the week on Tuesday. The leading German index rose in early trading by 0.96 percent to 15 277.94 points.
The Dax recovered a good bit from its price slump at the beginning of the week on Tuesday. The leading German index rose in early trading by 0.96 percent to 15 277.94 points.
Massive corona worries flared up again on Monday, throwing the Dax out of its quiet lanes within sight of the record high of 15,810 points. With a minus of more than two and a half percent, the technical picture clouded over, at least in the short term, massively.
However, the authors of the “Bernecker-Daily” stock market letter referred to the relatively low trading volume in the Dax on Monday, which limits the informative value of the price slide from a technical point of view. Rather, this correction is a healthy discharge of the atmosphere previously charged by speculation about monetary policy.
The MDax rose on Tuesday by 0.69 percent to 34,108.04 points. The leading Eurozone index EuroStoxx 50 gained 1.1 percent.
In the Dax, the shares of chemical companies and insurers were among the biggest winners. At the top of the index, the papers of the reinsurer Munich Re recently rose by more than two percent.
The shares of ProSiebenSat.1, which have recently come under pressure, mixed with the best values in the MDax with an increase of 1.7 percent. The media group raised its forecast for the current year again.
ProSiebenSat.1 recorded strong growth in advertising revenues and revenues, wrote analyst Daniel Kerven of the US bank JPMorgan. Despite the increased annual targets, the outlook is still conservative and thus reflects the uncertainty about the further development of the delta variant. However, this leaves room for further increases in the second half of the year.
The shares of the medical technology manufacturer Carl Zeiss Meditec had reached a record high in early trading and were recently still a good one percent plus. The private bank Hauck & Aufhäuser had recommended the papers for purchase. The company is heading towards a “new level of profitability,” wrote analyst Aliaksandr Halitsa.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
