The Dax gave in moderately on Monday. In early trading, the leading German index lost 0.56 percent to 15,581.77 points. The MDax fell by 0.06 percent to 3,140.50 meters. The leading Eurozone index EuroStoxx 50 fell by 0.58 percent to 4085.47 points.
The Dax gave in moderately on Monday. In early trading, the leading German index lost 0.56 percent to 15,581.77 points. The MDax fell by 0.06 percent to 3,140.50 meters. The leading Eurozone index EuroStoxx 50 fell by 0.58 percent to 4085.47 points.
Before the Ifo business climate and thus the most important German leading indicator moved into the focus of investors, the weakness of the stock market in China in particular clouded investors’ moods. The market strategists at Credit Suisse justify the losses with new uncertainties in view of government intervention in the private education sector.
In the Dax, the auto sector was particularly weak: papers from Continental lost 2.6 percent, the bottom of the list. Daimler, Volkswagen and BMW followed with losses of between 1.3 and 1.6 percent.
At minus 1.8 percent, the shares of the residential property company Vonovia were also weak, while Deutsche Wohnen remained unchanged. Now it is official: The second attempt to take over Deutsche Wohnen has also failed because the targeted minimum acceptance threshold of 50 percent was not reached.
Atoss Software and SAF-Holland went against the general market trend in the SDax. The supplier for the truck industry SAF is not ruling out an increase in its annual forecast despite the sharp rise in steel prices, which brought the papers a plus of 3.7 percent. Atoss, a provider of personnel management software, advanced by 1.8 percent after the quarterly figures were presented.
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.
