Investors are reluctant to invest in European stock markets in anticipation of any indication of further developments in US monetary policy. The leading German index dax closed 0.5 percent down at 13,971 points on Wednesday. On the stock exchange, a key interest rate hike by the US Federal Reserve Bank of half a percentage point in the evening was considered agreed. The outlook for the rate of increase in the coming months is therefore more decisive, said investment strategist Michael Hewson from brokerage house CMC Markets. The interest rate decision was expected after the close of markets in Europe.
In the Dax, the health group Fresenius SE and its dialysis subsidiary Fresenius Medical Care (FMC) were in focus with noticeable price movements. Fresenius gained 3.1 percent, for FMC it went down four percent. In operational terms, Fresenius’ business was “not as bad as feared,” wrote the analysts at the Stifel investment company. At FMC, the experts from JPMorgan criticized the quality of the results.
After their recent moderate recovery, the shares of the former corona crisis winners in the consumer sector such as Delivery Hero and Hellofresh are now questioning their attempt to stabilize again with high price losses of up to ten percent. With the lifting of the corona restrictions for gastronomy and retail, the industry is missing an important course driver. The titles of the IT service provider Cancom slipped by more than 16 percent in the M-Dax after it had lowered its forecast for the current year. However, the assessment of Teamviewer on the market was better than feared. The share price of the software provider specializing in remote maintenance rose by 8.1 percent. Overall, Klöckner & Co. earned twice as much in the past quarter as a year earlier. However, early price gains quickly disappeared, and most recently the shares listed in the S-Dax were 5.5 percent lower. On Wall Street, the Dow Jones remained at 33,126 points in the middle of trading. A flurry of negative news prompted a Lyft sell-off. The transport service provider warned of rising costs in order to lure drivers back to the company. The stock then collapsed by 32 percent, stronger than ever.