The friendly mood on the stock exchanges continues, the Dax is mostly listed in the plus, but gives back the gains at the end. On Wall Street, Google’s parent Alphabet and Paypal are in focus.
Encouraging corporate balance sheets from Europe and the US attracted more investors to Europe’s equity markets midweek. the dax rose by 0.8 percent at times, but the gains melted away again towards the end and the leading German index ended trading with little change at 15,614 points. The Landesbank Helaba justifies the somewhat better mood on the stock market with slightly easing concerns about a rapid tightening of monetary policy in the USA. Government bond yields have recently stagnated there. The sharp rise in capital market interest rates had previously choked off the stock market rally. “But one cannot say that the markets have already ticked off the topic of inflation and interest rate hikes as well as the risk of a war in Ukraine,” warned analyst Jochen Stanzl from CMC Markets.
On Wednesday, other team viewers were able to look at the books. The shares of the specialist for the remote maintenance of computers shot up by a good 17 percent and were thus at the top of the list of winners in the M-Dax. The outlook is slightly below expectations, but overall the quarterly report is solid, said a broker. Teamviewer also wants to buy back almost ten percent of its own shares.
Stocks from the semiconductor industry were in demand again, benefiting from a surprisingly high sales forecast by US competitor AMD. In the Dax, Infineon’s titles were among the winners with an increase of 1.8 percent. The papers of the chip supplier Aixtron gained 1.2 percent. AMD increased in US trade by almost ten percent.
It was on Wall Street Dow Jones 0.2 percent higher at mid-trade. Here, a jump in sales and profits triggered rejoicing among investors at Google parent company Alphabet. The increases in the second year of the pandemic are impressive, praised Jürgen Molnar from the brokerage house Robo-Markets. Alphabet stock rose 8.3 percent. PayPal’s business figures, on the other hand, shocked investors. The online payment processor’s stocks plummeted 24 percent. The quarterly results raise questions about the short-term business prospects, commented Mark Palmer of brokerage house BTIG. The targets for 2022 also fell well short of expectations.