On a day with many quarterly figures, the Dax rose moderately in early Thursday trading, while the MDax and SDax reached record highs.
On a day with many quarterly figures, the Dax rose moderately in early Thursday trading, while the MDax and SDax reached record highs.
Most recently, the leading German index gained 0.19 percent to 15,599.89 points. The MDax of the medium-sized values rose by 0.44 percent to 35,356.91 points. The SDax small cap index rose 0.36 percent to 16,500.85 points. For the leading Eurozone index EuroStoxx 50 it rose by 0.4 percent.
The latest resolutions by the US Federal Reserve did not affect the Dax. The Fed is initially continuing its extremely loose monetary policy despite high inflation and solid economic growth. At the same time, she sees the economy on the way to a somewhat less generous monetary policy. That should be an indication of the prospect of lower security purchases by the central bank.
On Wall Street, there was also little movement in the standard values after the US interest rate decision the previous day. The tech indices of the Nasdaq were able to recover from the weak Tuesday. In Asia things went up in the morning: the Chinese stock exchanges recovered from their losses.
After Boeing, Airbus has now presented business figures in Europe. Bank UBS spoke of the aircraft manufacturer’s very strong results. The increase in the corporate targets is also very clear. For example, Airbus doubled its profit target for 2021. Airbus shares rose in price by more than four percent.
Volkswagen shares fluctuated quite strongly according to the numbers and increase in the return targets and were recently half a percent lower. NordLB spoke of an “amazingly strong first half of the year” for the car manufacturer. In China, however, weaknesses were revealed, according to analyst Frank Schwope.
The business of the building materials group Heidelbergcement is getting better and better. Management is therefore becoming more confident about the year as a whole and raised the profit target. Investors had obviously hoped for a little more. The shares lost around one percent.
The digitization boom with a growing demand for faster and more efficient data transmission is making the order books of the special systems manufacturer Aixtron ever thicker. Investors rewarded this with a profit of more than eight percent.
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.
