Of the dax continued to recover on Friday in an overall positive mood on the stock market. The quarterly reports from Amazon and Apple were well received and proved to be the main driver for the markets. The stock exchanges were also supported by speculation about more cautious US interest rate hikes in the coming months. Of the dax increased by 1.5 percent to 13,478 points by the end of trading.
Despite economic and inflation concerns, investors turned their attention to a number of positive corporate balance sheets. In the Dax, the shares of the online fashion retailer Zalando were at the top with a plus of 6.5 percent. According to retailers, an optimistic outlook from Amazon created a good mood. Although the higher costs can also be seen in the balance sheets of the world’s largest online retailer, Amazon can compensate for part of this through the sharp increase in sales, says Jürgen Molnar from Robo-Markets. “Amazon doesn’t show much of a decline in buying behavior seen at Walmart.” Amazon’s shares rose 10 percent in US trading. The fact that Apple’s smartphone business continues to go well is proof that consumers are not skimping on these products. According to the expert, this could also push the fear of recession into the background. Apple shares rose 2 percent in New York. Siltronic’s titles went up significantly after the Munich chip supplier raised its sales forecast due to the strong dollar. The shares gained 6.3 percent in the M-Dax. The titles of the chip company Infineon were quoted 3.5 percent more firmly in the Dax.
On the other hand, the shares of the dialysis group Fresenius Medical Care (FMC) found no footing. After the price slump of more than 14 percent the day before, it went down another 3.4 percent. FMC shares were thus the weakest Dax value. On Wall Street, the Dow Jones was up 0.3 percent by mid-market. In addition to Amazon and Apple, Intel was also in focus. Clipped full-year targets sparked a sell-off in the chipmaker’s shares. In addition, the company’s quarterly results fell well short of expectations. Intel shares slipped 10 percent.