ROUNDUP / Aktien Frankfurt conclusion: Dax runs to 14,500 points | News

FRANKFURT (dpa-AFX) – Market fluctuations did not prevent investors from accessing German equities on Thursday. At first, encouraged by falling oil prices, they have long consumed an oil price reversal and a sales warning from the US software giant Microsoft. Driven by cyclical and tech stocks, Dax (DAX 40) crossed the finish line 1.01 percent higher to 14,485.17 points. The MDAX rose by 1.63 percent to 30,234.24 points.

Investors also put up with the quite disappointing economic data from the US, especially as it is not entirely more pressure on the Fed to tighten monetary policy. In New York, the Dow Jones Industrial index (Dow Jones 30 Industrial) recovered from earlier losses, while the Nasdaq indices rose sharply. It also helped technology campaigns in Germany the day before the US labor market report.

The main focus of the markets was Lallianz Opec +, which intends to significantly accelerate the output growth in the summer to compensate for Russia’s loss in the oil market. According to the Comdirect market expert, Andreas Lipkow, such action may help to reduce the dynamics of inflation and reduce the cost pressure on companies.

If UBS’s chart techs get their way, the boosted Dax is currently in a consolidation phase as it recently struggled again with Monday’s 14-600 point high. “The index may gain new strength for another attempt to break out,” they assessed as initially not very disturbing. So the first step would be to jump the 14,500 point line, which is now the 100-day moving average.

However, other experts are reluctant to give exchanges the free pass further up. “The recovery in the technical market will be short-lived,” warned expert Lutz Wockel of Warburg Invest. “Positive signals, which could also essentially indicate a return, are not yet visible” – emphasized the expert. Meanwhile, Lipków complained about the relatively low volume of trading, which argues against a greater interest in buying from institutional investors.

While stocks from the tech sector such as the Infineon chip group and the Delivery Hero food delivery service grew by as much as 4.5 percent, investors have renewed their interest in cyclical sectors such as the friendly automotive sector. Here, BMW shares rose 1.8 percent.

Dax’s big winners also included consumer-oriented sporting goods groups, most notably Puma with an increase of 3.8%. Adidas (adidas) shares gained 2.3%. They were recently listed in the Stoxx Europe 50 index as a candidate for decline, but for the time being they will remain at the forefront of the European index.

On the other hand, the stocks of WACKER CHEMIE, Aixtron (AIXTRON SE) and Telefonica Deutschland are included in another European index that may attract the attention of international investors. These three stocks will soon be included in the Stoxx Europe 600 broad-market index. Of the three stocks, Wacker was the most significant with an increase of 2.4 percent.

Otherwise, the bigger winners came from the steel industry – headed by the Salzgitter newspapers. On the day of the General Meeting, they increased by 5.7%, despite the fact that the head of the company Gunnar Groebler prepared investors for “a very demanding second half of the year”. Shareholders should get 75 cents a share – this is the highest salary since 2008.

EuroStoxx 50 (EURO STOXX 50) followed Dax, gaining 0.95 percent to 3,795.13 points. Compared to the European index, the Paris CAC 40 recorded a fairly significant increase of 1.3%. There was no trade in London.

The euro rose during the day, recently trading at USD 1.0733. The European Central Bank set the reference rate at USD 1.0692 (Wednesday: 1.0712). So the dollar cost 0.9353 euro.

On the bond market, the current yield increased from 1.02%. the day before to 1.10 percent The Rex bond index (overall REX price index) fell 0.41 percent to 134.49 points. The future of the Bund lost 0.52 percent. up to 150.17 points / tih/he

— Author: Timo Hausdorf, dpa-AFX —

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