Next attempt to regain strength in Dax | Free press

Frankfurt am Main.

On the day of the Federal Reserve (Fed) decision on interest rates, Dax made another attempt to recover. In the first hour of trading in the Xetra business, Germany’s leading index gained 0.69 percent to 13,396 points.

MDax rose 0.78 percent to 27,555 points. The leading Eurozone index, EuroStoxx, also rose by 0.8%.

There is a question on the market whether the Fed will raise interest rates in the evening by 0.50 percentage points. percentage points, or immediately by 0.75 points. According to experts, the worst case of a larger jump in interest rates for equity investors could already have been predicted in the face of the market weakness of the last few days. Nevertheless, if the Fed were to act aggressively against price pressures, the likelihood of a recession in the largest economy would increase, Postbank said in the morning.

Markets that have been very nervous recently calmed down a bit on Wednesday, when it was announced that a special meeting of the Council of the European Central Bank (ECB) will be held in the morning, where the current market conditions will be discussed.

According to circles, the manufacturer of special packaging for the pharmaceutical and cosmetics industries Gerresheimer rejected the takeover offer because the price was too low. Investors reacted euphorically to the news that the trader believes are introducing new imaginations to the newspapers. The price jumped almost eleven percent.

Morphosys is giving new hands to the development of two antibody preparations. The biotechnology company concludes a license agreement with the American company Human Immunology Biosciences for the drug felzartamab and the anti-cancer therapy MOR210. As a result, Morphosys intends to focus its resources on the further development of major anti-cancer drugs. Shares rose by almost six percent.

Berenberg Bank raised MTU from Hold to Buy. Analyst Ross Law wrote that the recovery in global air traffic appears to be strong despite some setback with the crown and the economy. This supports the ambitious production plans of the aviation industry. The law relies heavily on companies that place more emphasis on narrow-body airliners and therefore recommends purchasing MTU. Shares gained 1.7%.

Swedish tech firm Getinge’s lowered outlook weighed on Drägerwerk’s stock, which fell by more than two and a half percent. Dealers pointed out that both companies that temporarily benefited from the corona pandemic are competing with their medical technology devices. (dpa)

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