Börse Express – ROUNDUP / Aktien Frankfurt Conclusion: Dax after a price drop with an attempted rebound

FRANKFURT (dpa-AFX) – After falling to its lowest level since November 2020 Dax survived an attempt to stabilize on Wednesday. Contrary to the previous two days, the leading German index held its position after a friendly start. He crossed the finish line 1.56% higher with 12,594.52 points, roughly halfway through his daily range. MDAX gained 1.40 percent. to 24,979.41 points.

After Dax dropped to 12,390 points from the previous day, investors were initially encouraged to take action again. To some extent, European exchanges followed the recovery in the US technology exchanges of the previous day. The fact that the New York Stock Exchanges started trading with mixed results on Wednesday did not detract from profits. The minutes of the US Federal Reserve meeting are eagerly awaited in New York.

For weeks, investors have been concerned that Europe’s heavy dependence on Russian natural gas supplies makes it particularly vulnerable to the energy crisis which, combined with high inflation and rising interest rates, could trigger a recession. Hence, experts are questioning the sustainability of the recovery again.

“The good news for now is that the sale has stopped,” said CMC Markets analyst Jochen Stanzl. “Nevertheless, after falling below the old low during the year, the market will most likely need a few more weeks to form a new bottom,” he warned against premature optimism. After all, in the middle of summer, seasonality does not speak for a reversal of the trend.

Technical values ​​calculated on Wednesday also one of the biggest winners in Europe. Infineon chip group stocks
and semiconductor supplier Aixtron
were among the favorites of investors with 4.5 and 5.4 percent, as well as various software companies such as SAP with a plus of 2.8 percent

Various online values ​​are also assigned to the tech sector in the Dax index family. At times, there was an industry fantasy in the food delivery industry thanks to the collaboration with Just Eat Takeaway
and the Amazon . From the Hellofresh meal kit supplier the recovery rally continued with a plus of 6.2 percent.

Delivery hero however, a course that had been pursued for a long time turned out to be late negative, having lost 4.1% recently. In the afternoon it became known that the European Commission searched the offices of Delivery Hero and other courier companies. The company stressed that it could not be inferred from the mere fact of the Commission’s investigations that Delivery Hero was actually involved in such practices.

Online values ​​for store pharmacies increased significantly by 10.6%. up. The shares continued the recovery from the day before, while being included in Baader Bank’s “Top Stock Ideas” list.

At the end of Dax, Adidas shares found themselves
after the skeptical comment of the analyst Hauck Aufhäuser Investment Banking. The sporting goods group’s papers managed to reduce their price losses to one percent. Analyst Christian Salis believes the company’s annual targets are at risk due to falling consumption and pressure on margins and reversed his earlier buy recommendation.

With the price increase of 14 percent, the SDax dropped
nor the Morphosys stock positive included. A study by Canadian analyst RBC on strategic options for US partner Incyte led to speculation on a share acquisition on Wednesday.

EuroStoxx rose by 1.85 percent on Wednesday, while the Cac was down 40 in Paris there was even a good two percent increase. London’s FTSE 100 increased by 1.2 percent. Dow Jones Industrial was in New York
sometimes in the profit zone, but has recently fallen by half a percent.

Euro it was as low on Wednesday as it was in late 2002, most recently at $ 1.0169. The European Central Bank set the reference rate at 1.0177 (Tuesday: 1.0290) dollars. The dollar thus cost 0.9826 euro.

The current yield of the German Bunds fell from 1.14 percent. the previous day to 1.05 percent. Rex retirement index on the other hand, it increased by 0.46 percent. up to 134.99 points The future of the Bund
recently increased by 0.43 percent to 151.63pts / tih/stw

— Author: Timo Hausdorf, dpa-AFX —

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AXC0330 2022-07-06 / 18: 27

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