No big surprises on the German stock exchange at the beginning of the second half of the year: the Dax followed the price movements on Wall Street.
The German stock market got off to a robust start in July. After a fluctuating course, the Dax rose by 0.47 percent to 15,603.81 points on Thursday.
Although this was significantly less than the early day high, it was also able to make up for a brief fall into the red. The MDax of the medium-sized stock market stocks rose by 0.60 percent to 34,254.50 points at the end.
With the slight price gains, the German stock market ultimately followed Wall Street, where the leading Dow Jones Industrial index had a friendly start. The Dax took another step towards the previous record of 15,802 points, which was only less than 100 points short of early trading.
The Infineon shares were among the losers, with a discount of 1.9 percent they were the bottom of the Dax. A rather bad mood from the USA spilled over here. The symbol of a negative mood there for chip values was the industry company Micron, whose shares plummeted by more than five percent despite a good quarterly report in New York.
Meanwhile, an announced capital increase frightened Nordex investors. The shares collapsed by 12.7 percent after the wind turbine manufacturer announced that it would issue almost 42.7 million new shares for EUR 13.70 each. This meant a decent discount on the more than 20 euros that were paid on the stock exchange the day before.
With a minus of 6.5 percent, LPKF’s shares came under considerable selling pressure, making them the biggest loser in the SDax small cap index. Analyst Alina Köhler from the private bank Hauck & Aufhäuser removed the shares from her top favorites list.
The upcoming change of the player Jadon Sancho, however, was well received by the investors of Borussia Dortmund because of a high transfer fee, the shares advanced by almost three percent.
Aside from the major German indices, investors acknowledged the final study data on Curevac’s corona vaccine candidate with another price slide of around 9 percent.
The EuroStoxx 50 as a Eurozone barometer gained 0.4 percent in value. In Paris and London, the leading indices Cac 40 and FTSE 100 advanced more significantly by 0.7 and 1.3 percent, respectively. On Wall Street, the Dow Jones Industrial was up 0.3 percent at the close of trading here.
The euro only fell to a three-month low on Thursday, but then recovered from it. Most recently, $ 1.1859 was paid for the common currency. The European Central Bank (ECB) had meanwhile set the reference rate unchanged from Wednesday at 1.1884 dollars. The dollar cost 0.8415 euros. The current yield on German government bonds remained at minus 0.28 percent. The Rex bond index fell slightly by 0.03 percent to 144.71 points. The Bund future recently stagnated at 172.55 points.
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.
