the dax increased its losses on Tuesday in the wake of the war in Ukraine. Initially, the leading German index started with moderate discounts, but as trading progressed, the nervousness of investors increased significantly due to the uncertainty about further developments in the war region and the economic effects of the sanctions against Russia. At the end of trading, the stock market barometer slipped below the 14,000 point mark and closed 3.9 percent lower at 13,905 points.
The Dax was also burdened by high price losses at previous corona profiteers such as Zalando and Hellofresh, whose outlook was disappointing. There were few titles on the winning side. Among them was the Beiersdorf share, which rose by 3.2 percent. After growth in revenue and operating income in 2022, the Tesa and Nivea manufacturer wants to finally leave the consequences of the Corona crisis behind. Symrise stocks were also among the favorites with a premium of 4.3 percent. The flavor maker delighted investors with a jump in earnings last year and is raising its dividend slightly. Bayer papers recovered their previous day’s losses with a plus of 3.6 percent at times. Here, too, the corporate goals and the recently unexpectedly good run in the agrochemicals division were well received. Investors once again turned to defense stocks. That drove Rheinmetall’s shares up by 17.2 percent to the top of the M-Dax. The day before they had increased by almost a quarter in view of the planned billions in investments in the equipment of the Bundeswehr.
European bank stocks, on the other hand, came under renewed pressure. In Germany, the papers of Deutsche Bank and Commerzbank slipped by 7.6 and 11.2 percent, respectively. In Vienna, Raiffeisen Bank stocks continued their descent and fell by a good ten percent. According to insiders, the money house is considering withdrawing from the Russian market. However, the institute denied this.
On Wall Street it closed Dow Jones 1.8 percent lower at 33,295 points. On the company side, the Target supermarket chain presented business figures. In particular, a convincing outlook for the current year helped the company share price to rise by 9.8 percent.