Of the dax left the mark of 14,000 points clearly behind on Tuesday with a lot of momentum. After a friendly start, the leading German index significantly expanded its plus and ended up 1.6 percent higher at 14,186 points. The prospect of an expiry of the strict corona measures in China brightened the mood. For weeks, the closure of entire districts, especially in the economic metropolis of Shanghai, has kept stockbrokers in suspense. Relief was now provided that no new corona cases were registered outside the quarantine zones in Shanghai for three days, thus achieving an interim goal for easing. In view of the low trading volume on the stock exchanges, however, it does not take much to move the markets. Even if the corona measures were relaxed, the supply chain problems would not be off the table, warned Christian Henke, analyst at brokerage house IG.
In the meantime, Daimler Truck was able to score with investors in the waning reporting season with full order books and a jump in sales. The shares of the truck manufacturer increased 6.5 percent at the top of the Dax.
From the M-Dax, Grand City Properties reported an increase in operating earnings for the start of the year. The residential real estate group is aiming for further growth for the year. However, the shares lagged behind the positive overall market with a plus of 0.2 percent. Shares in the industry colleague Adler Group recorded heavy price losses of 12.5 percent. After the company, which was faced with serious allegations, had to write down Consus Real Estate last year, the Consus subsidiary is now threatened with the same fate. In addition, the auditing company KPMG Luxembourg does not want to audit the 2022 annual accounts of the Adler Group. A forecast increase drove up the shares of the energy company Engie by six percent in Paris.
On Wall Street it went Dow Jones 1.3 percent higher from trading. Cut full-year targets gave Walmart its biggest price drop since the March 2020 stock market crash. The retailer’s shares fell more than 11 percent. The company warned of a drop in profits due to rising costs.