After heavy price losses in the past few days, the dax embarked on a recovery course on Tuesday. The leading German index rose by 1.2 percent to 13,535 points. Some investors used the cheaper prices to get back into the business. Jochen Stanzl, an analyst at the trading house CMC Markets, said that investor sentiment was still very negative because of the delivery bottlenecks, rising interest rates and inflation. “At such points it is often enough if there are signals that the situation is not getting any worse.” The ZEW index provided some support. The barometer for assessing the German economy over the next six months surprisingly rose slightly in May.
In addition to the Bayer share, which was one of the top performers in the Dax, several companies from the second tier of stock exchanges were able to convince investors with their figures. Siltronic’s stocks were among the favorites in the M-Dax with a price increase of 3.2 percent. The failed takeover by Global-Wafers gave the chip supplier special income of 50 million euros in the first quarter. In contrast, Fraport shares fell by 3.9 percent. The Frankfurt airport operator has written off a high double-digit million amount in connection with its minority stake in St. Petersburg Airport. This weighed on the quarterly result. Shop Apotheke shares lost more than 20 percent in the S-Dax. The reason for this was renewed delays in the electronic prescription. The shares of the automotive supplier Schaeffler gained 2.5 percent in value. The outlook is a little below market expectations, but the fact that Schaeffler is giving a forecast again at all, together with the quarterly figures, is a relief, said a dealer. Some investors also parted ways with Wacker Neuson. The shares of the construction equipment manufacturer fell by 6.9 percent. The profitability of the construction machinery manufacturer suffered in the first quarter, with significant growth at the same time, in particular due to ongoing supply chain problems. Share prices on the US stock exchanges fell slightly after the recent sell-off. Of the Dow Jones closed 0.3 percent lower at 32,161 points.