On the last trading day of the week, a friendly trend prevailed on the German stock market after the recent price losses had called bargain hunters onto the scene. In the afternoon, the Dax received additional tailwind from very solid US stock exchanges. Of the dax closed Friday up 1.6 percent at 13,118 points. The day before he had lost 1.8 percent. The leading index coped well with a surprisingly significant decline in the Ifo index, which reflects the mood in the German executive floors. Among the Dax companies, the Zalando share stood out negatively with a temporary crash of 18 percent. By the end of trading, however, the paper had largely recovered from its daily losses and was ultimately only 1.6 percent down. The online fashion retailer also dragged other stocks in the retail and e-commerce sectors down with it. The shares of electronics retailer Ceconomy lost 7.6 percent at the end of the S-Dax, while About You shares lost 1.5 percent.
The US subsidiary’s good result in the Fed’s stress test encouraged investors to invest in Deutsche Bank. The titles of the money house increased in price by 4.8 percent. The US division, which had failed several times in recent years, had the highest capital ratio at 22.8 percent.
Impending losses due to an ever thinning flight schedule are affecting Lufthansa shares, which at minus 4.9 percent were among the weakest values in the M-Dax. Due to staff shortages at the airports, the company is canceling another 2,200 flights in the summer. The planned complete takeover by the majority shareholder Adler Group gave the share price of Adler Real Estate a jump of 44 percent. The Adler Group applied for a “squeeze-out” procedure, in which the other owners of Adler Real Estate were to be compensated.
US investors brushed aside their inflation worries and gave Wall Street a strong boost. Of the Dow Jones gained 2.7 percent. A rise in net income and an upbeat outlook from Fed-Ex were well received by investors. The shares of the Deutsche Post rival increased by more than seven percent.