Revival in Dax continues – good quarterly results | Free press

Frankfurt am Main.

On Thursday, Dax continued the recovery that began in mid-July. Meanwhile, the leading German index rose by about 1.5 percent, then suffered somewhat from the subdued mood on Wall Street and eventually gained 0.55 percent to 13,662.68 points. MDax for medium-sized companies broke the 28,000 point mark for the first time in almost two months and closed by 1.28 percent to 28,162.23 points.

Investors positively assessed the quarterly reports of Dax Hannover Re, Beiersdorf, Adidas and Zalando. Price increases ranged from 2.2 percent in Hannover Re to 13.1 percent at the top of the Zalando index. As the driver of the course, the retailer has judged that the online retailer wants to reduce capital spending. However, Zalando shares have lost 56 percent since the beginning of the year.

Shares in the pharmaceutical and agrochemical group Bayer fell by two and a half percent. “Bayer is operationally much stronger than a year ago. The only problem: the group is still losing money in the end, ”explained equity strategist Jürgen Molnar of Robomarkets.

Partly large course swings

There were also large price fluctuations in the second and third series. Lufthansa’s papers at the top of the MDax rose 6.4 percent. The trader praised the statements from the current third quarter that showed growing demand. Dürr shares rose 1.5 percent. The mechanical and plant engineering company expects a record-high order flow this year.

In the SDax Small Cap Index, Compugroup’s stock rose by a good five percent, fueled by more optimistic forecasts from software developers. According to quarterly data from the arms group, Hensoldt’s shares fell by more than two percent. At the end of the index, Basler’s stock plunged nearly twelve percent after investment house Bryan Garnier criticized the tech stock.

The Eurozone leading EuroStoxx 50 index rose 0.59 percent to 3,754.60 points. France’s leading index, the Cac 40, rose by a similar rate, while the UK counterpart, the FTSE 100, remained almost unchanged. In New York, the leading US index, the Dow Jones Industrial, recorded slight losses towards the end of trading in Europe.

The euro rose on the overall favorable sentiment in the financial markets and was recently traded at USD 1.0218. The European Central Bank previously set the reference rate at USD 1.0181 (Wednesday: 1.0194).

The dollar thus cost 0.9822 (0.9810) euro. In the bond market, the current yield on German government bonds rose from 0.72 percent. the day before to 0.75 percent The Rex retirement index gained 0.24 percent. to 137.04 points. The future of the Bund increased by 0.29 percent. up to 157.89 points (dpa)

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