Shares – Dax again with losses – economy

After initial gains, the Dax fell for the third day in a row. Concerns about a weakening of economic growth worldwide and at the same time rapidly increasing interest rates in the USA weighed on prices. The leading index dax closed 1.2 percent down at 13,756 points. The quarterly reports from companies proved to be the most important factor influencing the prices of the individual stocks. The turbulence on the financial markets at the beginning of the year gave Deutsche Börse a strong first quarter.

The papers of the stock exchange operator increased by 0.9 percent. Linde shares fell 0.1 percent. The gases group also wants to pay a dividend in the second quarter that is the same as in the previous quarter. Linde intends to announce the results for the first quarter on Thursday. On the other hand, dealers at the recycling specialist Befesa criticized the target for profit this year. The papers were found at minus 10.4 percent at the end of the M-Dax. At the top were the Hypoport shares, which climbed by four percent after a strong increase in sales and profits in the first quarter. “The growth rate in the first quarter looks decent,” said one trader. A positive analyst comment provided a strong tailwind for the auto supplier Stabilus, whose shares in the S-Dax rose by five percent.

Results from several major banks in Europe were mixed. The Swiss UBS convinced investors thanks to the booming trading business with the best start to the year in 15 years. UBS shares closed unchanged. In contrast, the papers of HSBC in London fell by 5.5 percent. While the bank’s first-quarter profit slump was less than expected, inflation and the war in Ukraine weighed on the outlook. Further share buybacks are therefore unlikely this year. Shortly before the business figures of some US technology companies were published, nervousness increased on Wall Street. Of the Dow Jones fell 1.5 percent. Should the software group Microsoft and the Google mother Alphabet disappoint with their quarterly results, a sell-off must be expected, since the mood is already bad, warned analyst Julius de Kempenaer from

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