ROUNDUP / Aktien Frankfurt Conclusion: Dax continues to rise despite high inflation data | News

FRANKFURT (dpa-AFX) – Despite renewed high inflation data from Germany, on Monday the German stock market was still optimistic. More promising news from China was seen as the driver that took the Dax (DAX 40) above 14,500 points for the first time in more than a month. With an increase of 0.79 percent. to 14,575.98 points he recorded the fourth consecutive day of victories. The MDAX increased even more by 1.47% to 30,188.02 points.

As a positive factor, retailers mentioned that measures to block the crown in Shanghai’s Chinese economic metropolis are set to be largely eliminated this Wednesday. This could alleviate the problem of currently disrupted global supply chains. The momentum weakened as it became known that inflation in Germany was now approaching the eight percent threshold. Ultimately, however, Dax orientated himself more towards the daily maximum.

“There is still no sign of improvement in the coming months. High prices are driving down household purchasing power more and more, ”said chief economist Johannes Mayr of Eyb & Wallwitz, noting that inflation in Germany peaked at 7.9 percent. for almost 50 years. This increases the pressure on the European Central Bank (ECB), price dynamics with tightened Monetary policy fight. However, the Brsas are already prepared for the first interest rate hikes in Europe.

Among the individual stocks, Internet stocks in particular stood out, which, along with the entire technology sector, were particularly hard hit by the prospect of interest rate increases in recent months. Most notably, this was true of Delivery Hero’s food delivery service newspapers, which continued its recovery with a 9.7 percent jump in prices at the top of the Dax rankings. Zalando, HelloFresh and members of SDax ABOUT YOU and AUTO1 also saw strong price increases ranging from 3.5 to 8.6 percent.

According to reports, Siemens shares have been in the spotlight of investors with an increase of 2.4%. According to the company, the industrial group received the largest order in the company’s 175-year history. A contract was signed in Egypt with two partners for the construction of a 2,000 km long network of high-speed trains. According to this, Siemens alone has an order value of 8.1 billion euros.

Shares at Shop Apotheke (Shop Apotheke Europe NV) extended their recent rebound, rising 4.5 percent and breaking the 100 euro mark after three months. The focus on online pharmacies is primarily due to the upcoming nationwide introduction of ePrescriptions, which is repeatedly delayed. According to Jefferies expert Alexander Thiel, a meeting of responsible decision makers will take place on Monday.

On the other hand, the stocks of the German stock exchange (Deutsche Brse) fell 2.3 percent as the Dax tail light did. Charting technicians see the stock operator’s share of the downtrend since the end of April. In a recent assessment of trade turnover on exchanges, expert Martin Price from Jefferies Research confirmed the decline in volumes in the second quarter.

EuroStoxx 50 (EURO STOXX 50), the leading euro zone index, rose by 0.9%. to 3,841.62 points, while the leading Paris CAC 40 index also closed with a clear gain. In London, development was a bit more muted with moderate gains. Due to the holiday in the US, there were no impulses from the New York stock exchanges on Monday. However, there are many indications that a positive start can be expected on Tuesday, especially in the case of the one loaded with NASDAQ 100 technology.

The euro recently cost US $ 1.0777. Meanwhile, the European Central Bank (ECB) set the reference rate at USD 1.0764 (Friday: 1.0722). So the dollar cost 0.9290 euro.

On the bond market, the current yield increased from 0.89%. to 0.95 percent on Friday. The Rex bond index (overall REX price index) fell 0.32 percent to 135.49 points. The future of the Bund lost 0.55 percent. up to 152.62 points / tih/he

— Author: Timo Hausdorf, dpa-AFX —

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