Of the Dax at the end of the week has expanded its strong yesterday’s plus. By the close of trading on Friday, the German benchmark index had improved by 0.8 percent to 15,587 points. Bubbling company profits in the USA had recently aroused the buying mood of investors. Stress factors such as high raw material prices, supply chain problems or fears of inflation should continue to accompany investors, forecast stockbrokers.
According to US banks’ quarterly results, which turned out better than expected, financial stocks were particularly in demand. The shares of Deutsche Bank advanced by 3.2 percent at the top of the Dax. In the M-Dax, the Commerzbank stocks cost one percent more. After a forecast increase, investors took hold of Hugo Boss papers, which at times rose by more than four percent to a two-year high of EUR 54.92. The global demand for new clothes or business outfits, which had slackened during the corona pandemic, picked up again strongly at Boss in the summer months. The company is now aiming for a currency-adjusted sales increase of around 40 percent in 2021 instead of the 30 percent previously expected.
Lufthansa shares gained 4.6 percent in value, making them the top favorite in the M-Dax. The reason for the increase was two positive analyst comments. An expert at Deutsche Bank upgraded the shares from “Sell” to “Buy” and believes that the company’s medium-term goals are achievable. In addition, the Stifel analysis house increased the title from “Sell” to “Hold” – it assumes that the worst is over for the crane line. In the S-Dax, a positive study by Deutsche Bank helped the shares of Linux specialist Suse to increase by 4.5 percent to a record high of 39.57 euros.
It closed on Wall Street Dow Jones 1.1 percent up at 35 295 points. Here, at the end of the week, Goldman Sachs had a look at the books. Thanks to strong business with takeovers and mergers, the investment bank achieved a profit jump of 63 percent in the third quarter and thus clearly exceeded market expectations. Goldman shares rose nearly four percent.
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