ROUNDUP / Aktien Frankfurt conclusion: Dax ends a variable day clearly in the black | News

FRANKFURT (dpa-AFX) – Dax (DAX 40) finally grew noticeably on Thursday after a fickle trading process. As the US stocks stabilized, which started weakly, the leading German index expanded in the afternoon. It closed 0.88 percent at 13,282.11 points, just ahead of its daily high.

MDAX for medium-sized companies increased by 1.26 percent. to 26 824.51 points. The euro area leading index EuroStoxx 50 (EURO STOXX 50) rose by 1.23 percent to 3,652.20 points. The French CAC 40 also increased significantly, while the British FTSE 100 closed almost unchanged. In the US, the leading Dow Jones Industrial (Dow Jones 30 Industrial) index and the high-tech NASDAQ 100 rose by a good half and 0.2 percent respectively at the end of trading in Europe.

The fact that the US economy unexpectedly contracted for the second consecutive quarter, and thus by definition fell into recession, chilled investors in the German market. According to experts, statements of the US Federal Reserve that the pace of monetary policy tightening may be slightly reduced in the future, supported share prices. A day earlier, the Fed, in line with expectations, raised interest rates by another 0.75 percentage point. At the same time, however, Fed president Jerome Powell admitted that the high pace of tightening will have an impact on economic growth. In addition, many of the annual reports have once again focused on the German market.

The new inflation data from Germany showed that inflation in Germany weakened slightly in July. However, pressure in the inflationary cauldron remains high, wrote economist Thomas Gitzel of the VP Bank. It was too early for everything to be clear. The positive effect of the 9 Euro discount on tanks and the ticket will be offset this month by a further increase in food prices. In addition, gas and electricity prices have risen sharply.

The reporting season entered another round on Thursday. At the end of Dax, the stocks of the healthcare group Fresenius SE (Fresenius SECo) and its subsidiary Fresenius Medical Care (FMC (Fresenius Medical Care)) (Fresenius Medical Care) were under severe pressure. Due to problems with FMC, Fresenius lowered its forecast. FMC suffers from an acute shortage of US workers, which is likely to lead to capacity constraints in healthcare services. Fresenius fell more than eight percent to the level of the Corona disaster in March 2020. FMC fell to its lowest level since 2010, ending a decline of more than 14 percent.

The increased profit targets allowed the Linde gas group to grow by more than two percent. Volkswagen (Volkswagen (VW) vz) jumped in earnings in the first half of the year despite microprocessor supply problems and corona restrictions in China. The manufacturer maintained its overall forecasts for this year. The advantages listed in Dax gained more than three and a half percent at the top of the index.

Meanwhile, one dealer described the second quarter of the aircraft manufacturer Airbus (Airbus SE (ex EADS)) as mixed at best. Profitability was disappointing, supply chain problems presented the group with challenges. Newspapers lost almost three percent.

Many of the companies in the MDAX and the second SDAX index also focused on their quarterly data. For example, WACKER CHEMIE gained more than ten percent as the best MDax value. The group benefited from strong demand and price increases and raised its forecast. The stock of commercial vehicle supplier SAF-Holland (ownership stake in SAF-HOLLAND SE) was also driven by higher targets for the year, gaining about 15 percent on the SDax top.

The euro recently cost US $ 1.0151. The European Central Bank (ECB) previously set the reference rate at USD 1.0122.

In the bond market, the current yield on German government bonds rose from 0.81 percent. the day before to 0.86 percent The Rex bond index (overall REX price index) fell 0.11 percent to 136.67 points. Future Bund gained 1.14 percent. up to 157.36 pts / gl / he

— Gerold Lhle, dpa-AFX —

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