Dax starts poorly in the second half of the year | Free press

Frankfurt am Main.

Dax started the second half of the year with moderate ups and downs. It left trading with a slight plus of 0.23 percent to 12,813.03 points, but is still being counted. His weekly balance is minus 2.3 percent.

“Dax fell by more than 2,000 points in June alone, which is a historically negative record,” commented market analyst Jochen Stanzl of CMC Markets. Investors have not experienced such a downside of eleven percent in the month of June since the introduction of the German comparative index in 1988. The half-yearly balance was also sobering with a loss of almost 20 percent, and 13,000 points again became a difficult hurdle to overcome. Concerns about inflation and recession, along with the uncertainty surrounding the gas shortage in Germany, left deep scars.

The MDax of the mid-market share stabilized on Friday with a plus of 0.05 percent to 25,837.25 points. EuroStoxx 50, the leading euro zone index, lost 0.19 percent. to 3,448.31 points, Paris recorded moderate gains. The London stock exchange closed close to the previous day’s close. The stock markets in the US have recently been slightly negative before the extended weekend due to public holidays.

The inflation data from the euro zone released in the morning did not shock, even if it reached another record level. Consumer prices rose 8.6 percent year-on-year in June, slightly more than experts had expected. “Concerns about a recession hold the financial markets firmly,” Commerzbank said. High inflation and comments from various central bankers in favor of a monetary policy tightening sustained expectations for interest rate hikes and raised concerns about the economy at the same time.

After a rate crash the day before, when Uniper plunged the industry downhill by calling for aid to the federal government and forecasting monetized wages, utilities embarked on a recovery course. Uniper shares recovered some of the losses from the previous day and increased by 10.3%. RWE and Eon were also unable to fully recoup their losses on Thursday, but at least largely recovered, with a plus of 5.3 percent for RWE and plus of 2.4 percent for Eon.

In the meantime, the weakness of the technology sector continued. Infineon lost 3.5 percent in Dax and Aixtron lost 6.2 percent in MDax. The dark prospect of the American semiconductor manufacturer Micron weighed in.

Bilfinger shares gained 4.2 percent. at SDax and benefited from a study by Deutsche Bank. This started an evaluation of the industrial service provider’s documents with “Buy”. After the restructuring, Bilfinger enters a new growth phase. Outside of the Dax family, Tui securities traded in Xetra rose 3.1 percent. Statements by Europe’s largest tourist group about holiday activities and the reduction of unused credit lines have now gained momentum. The day before they fell to a record low level.

In the early evening, the euro was traded at USD 1.0417. The European Central Bank previously set the reference rate at $ 1.0425 (Thursday: $ 1.0387). The dollar thus cost 0.9592 (0.9627) euro. On the bond market, the current yield fell from 1.32%. the day before to 1.28 percent The Rex retirement rate increased by 0.20 percent to 133.49 points. The contract for Bund gained 1.32 percent recently. up to 150.72 points (dpa)

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