The war in Ukraine, with its negative effects on the economy, did not allow for a sustained recovery on the German stock market. After the dax initially increased on Thursday, it went down again in the afternoon. The leading German index ended trading at a discount of half a percent to 14,078 points. “We continue to have a toxic cocktail of several ingredients on the markets,” said portfolio manager Thomas Altmann from wealth advisor QC Partners. The prospect of rapidly rising interest rates in the USA and the economic consequences of the Ukraine war had a negative impact. Fears of a wave of profit warnings due to high energy prices are growing.
One of the favorites in the Dax was the Deutsche Post share, which rose by almost two percent after six weaker trading days in a row. Gerresheimer’s shares gained 5.4 percent at the top of the M-Dax. The packaging manufacturer, which produces for the pharmaceutical and cosmetics industry, pleased investors with high growth rates and a confident outlook. However, some market experts complained that Gerresheimer did not also raise the forecast for the operating earnings outlook.
Atlantia shares rose 6.4 percent on the Milan Stock Exchange. They benefited from speculation about a bidding war for the Italian infrastructure group. Shell shares were sold in London. The British energy company’s withdrawal from its Russian business is having an impact on its balance sheet. The titles gave way two percent.
Wall Street stock markets were mixed. The leading US index Dow Jones turned positive after initial losses and closed 0.3 percent higher. The jump in the price of shares in Hewlett Packard (HP), which rose by almost 15 percent, caused a sensation. Star investor Warren Buffett’s investment company Berkshire Hathaway is investing in the computer group on a grand scale. Berkshire Hathaway announced it had bought approximately $4.2 billion worth of HP stock in multiple transactions.