Börse Express – ROUNDUP / Aktien Frankfurt Conclusion: Dax shakes off the losses

FRANKFURT (dpa-AFX) – Despite growing concerns about the economy, the German stock market recovered from initial losses on Tuesday and eventually recovered some losses. The friendly opening of Wall Street in the afternoon gave a positive impulse. The gas crisis in Europe, the risk of a renewed corona blockade in China and the disappointing economic expectations of the ZEW had a negative impact previously.

Dax it closed 0.57 percent at its daily high of 12,905.48 points after a 1.4 percent drop earlier in the week. MDAX Midcap shares ended on Tuesday up 0.23 percent to 25,755.18 points.

Other leading European stock exchanges also recovered from the late trading and recorded gains. EuroStoxx 50 increased by about 0.4 percent. In Paris it followed the Cac 40
by as much as 0.8 percent during the FTSE 100 in London increased by just 0.2 percent. Dow Jones Industrial was in New York an increase of about 0.3 percent at the end of trade in Europe.

The economic expectations of German financial experts clouded in July compared to the previous month even more drastically than analysts feared. This was confirmed by the sentiment barometer of the ZEW research institute in Mannheim. Concerns about the energy crisis and the prospect of interest rate increases also caused a surprisingly significant deterioration in the assessment of the economic situation.

Now the attention is focused on the US inflation data, which are expected on Wednesday. Dekabank experts fear that prices in June may have increased even more than in May compared to the previous month, when they “cause a moderate earthquake in the capital markets”. In addition, the US quarterly reporting season already casts a shadow – banks put JPMorgan on Thursday and Morgan Stanley
their numbers.

The individual stocks included Airbus aviation stocks
and MTU with growth of over 4 percent each, the leader in Dax. Also papers from the arms company Rheinmetall and Hensoldt
were among the more attractive shares with margins of 0.9 and 2.1 percent, respectively. Deutsche Bank Research analyst Christophe Menard predicts a “supercycle” related to defense investments in the aerospace and defense sectors will develop in the second half of the year.

Weak BASF stocks the day before According to preliminary quarterly data, they improved well and increased by over 3%. Thanks to price increases and a weak euro, the chemical company fared better than analysts expected and confirmed its annual targets.

Some real estate stocks have come under some pressure. At Grand City Properties additionally taken gradation. The shares lost 1.1 percent and were at times as cheap as they were in 2015. US investment bank Goldman Sachs has canceled a buy recommendation for a housing group in a skeptical industry survey and now recommends the action as “neutral”.

At an industry colleague TAG Immobilien who is also listed in MDax
the capital increase was commenced, therefore the shares were traded without the pre-emptive right to new shares. On Thursday, TAG announced that it would issue approximately 29 million new shares to partially refinance the acquisition of the Polish real estate developer Robyg.

Euro recently it was traded at $ 1.0066. The European Central Bank set the reference rate at USD 1.0042 in the afternoon.

The current yield of the German Bunds fell from 1.12 percent. the previous day to 0.95 percent. Rex retirement index rose 0.86 percent to 135.81 points. The future of the Bund
gained 1.04 percent. up to 152.87 pts / edh/mis

— Eduard Holetic, dpa-AFX —

 ISIN  DE0008469008  EU0009658145  DE0008467416

AXC0293 2022-07-12 / 18: 15

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