A rather weak week on the stock market ended on Friday with slight price gains. The leading index Dax closed 0.3 percent higher at 15 808 points, but lost a good one percent on a weekly basis. To justify the weakness of the past few days, traders and analysts referred to a more restrictive monetary policy in the USA in the future, increasing numbers of corona infections and indications of an economic slowdown.
Material bottlenecks and higher procurement costs are now a burden for the vast majority of companies. The Japanese automaker Toyota, for example, scared off investors on Thursday with drastic production cuts due to the prevailing chip shortage. As a result, the car values suffered on Friday for the second day in a row. The European sector index shed 1.4 percent. Volkswagen’s titles were among the biggest Dax losers with minus 1.0 percent, just like BMW with a minus of 0.6 percent. Because of the shortage of semiconductors, production at VW’s main plant in Wolfsburg will only start to a limited extent after the summer break. Short-time work is requested.
One of the weakest M-Dax values was the Lufthansa share, which lost 2.7 percent in value. At the beginning of the week, the announcement that the German state intends to reduce its equity stake additionally weighed on the papers, which are already in a downtrend. There is also a capital increase in the room. The corona infection numbers also frightened investors. The shares of the airport operator Fraport fell by 2.3 percent. In demand were stocks that were considered defensive, for example from the utilities sector. With a premium of 2.4 percent, the shares of RWE were even the top favorite in the Dax. They were helped by a positive comment from JPMorgan Bank.
Eon papers rose 0.2 percent. Price gains in technology stocks gave the US stock exchanges a slight recovery. Of the Dow Jones was 0.7 percent higher at 35 120 points at the close of trading. The index of the technology exchange Nasdaq gained 1.2 percent. However, fear of an imminent throttling of central bank aid and a faltering economic recovery clouded investor sentiment.