Dax with bigger losses after US inflation data | Free press

Frankfurt am Main.

According to US inflation data, Dax increased its losses significantly on Wednesday. Recently, the leading German index fell by 1.94 percent. to 12,655.33 points.

The day before, he climbed the last meters. The situation was similar in the case of MDax for medium-sized companies, which has now lost 1.81 percent. to 25,288.34 points. EuroStoxx 50, the leading euro zone index, lost 2.02 percent. up to 3416.77 points.

In the middle of the week, the events on the German market were dominated by business data for companies. Special packaging maker Gerresheimer performed well with investors, delivering better-than-expected quarterly results and confirming annual targets. The company is also optimistic about natural gas supplies. Recently, there has been an increase of almost two and a half percent and the number one spot in MDax. The neighbor to the Fraport index was also one of the favorites with slightly lower price increases.

In the SDax small company index, Auto1 shares (Autohero, wirkaufendeinauto.de) fell by almost seven percent. According to key data, the online used car dealer was able to sell more cars in the last quarter than in the previous year. However, the dynamics slowed down slightly as compared to the previous quarter. On the other hand, the expected value in the area of ​​private (retail) customer with the gross result – ie sales receipts minus the purchase price – per vehicle is significantly higher than in the previous quarter.

The Dax Bayer fell 1.8 percent, almost in line with the market. Traders found it bad for investor sentiment that an appeals court had reopened a lawsuit accusing him of a cancer risk from weedkiller glyphosate.

The collaboration with the French carmaker Renault has sometimes made supplier Vitesco profitable – along with the market, titles have recently dropped by 0.7%. It is about the development of power electronics for electric and hybrid drives. However, German auto stocks were generally weak in the market environment.

The euro was recently selling for $ 1.0014. On Tuesday, the European Central Bank set the reference rate for the euro at USD 1.0042. The current yield on German government bonds from 0.95 percent. the day before to 0.99 percent The Rex retirement rate fell 0.13 percent to 135.64 points. The future of the Bund lost 0.43 percent. up to 152.02 points (dpa)

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