Dax starts with Plus – Slight price increase after price drop | Free press

Frankfurt am Main.

Dax recorded gains on Tuesday after the recent drop in prices. After a two-day decline, the leading German index climbed 0.65 percent to 13,514 points in early trading.

The interest rate and economic fears of persistently high inflation cost him nearly 1,300 points over the course of the week.

The MDax gained 0.44 percent to 27,866 points on Tuesday. The leading Eurozone index, EuroStoxx, also rose by 0.7%.

Stock market developments are now largely dependent on central banks and their task of fighting high inflation without harming the economy. The interest rate decision is on the agenda in the US on Wednesday: Experts from the Goldman Sachs investment bank now expect interest rates to rise by 0.75 percentage points and another by the same amount in July. Market expectations will probably be in this dimension now as well.

At Dax, SAP software group titles gained 0.9 percent, according to competitor Oracle. Cloud business helped Americans achieve significant sales growth. Brenntag added 2.1 percent. to a strong yesterday when a chemistry retailer raised its forecasts. Sporting goods manufacturer Adidas’ papers fell 1.3 percent after HSBC canceled a purchase recommendation.

Wacker Chemie gained 3.6 percent in MDax. After a surprisingly successful quarter, the group wants to increase its forecast of results for 2022. K + S was 2.9 percent. higher. The OH&S commodity group was open to a partnership in a potash mine in Canada and was able to benefit from K + S’s experience there, one trader said.

At SDax, Hornbach Holding fell more than 13 percent after the forecast was cut. Morphosys increased by two percent. Driver cooperates with Pfizer / Incyte in the field of the anti-cancer drug Monjuvi. (dpa)

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