Shares – Dax is making profits – Economy

A mixed start to trading on Wall Street put an end to the latest attempt at recovery on the German stock market on Friday. Of the Dax gave up its gains in late trade and closed 0.1 percent lower at 15,610 points. On a weekly basis, the leading German index recorded a drop of 1.1 percent. Analyst Jochen Stanzl from CMC Markets sees the stock market lights continue to be green after the decisions of the European Central Bank, at least from a monetary policy point of view. “Risk factors such as the weakening economic dynamism, but also the upcoming federal election should, however, prevent major price jumps upwards,” believes the expert.

After negative analyst comments, the shares of Fresenius Medical Care stood out among the DAX stocks. The stocks fell 4.8 percent to their lowest level in more than five months. Both the US bank JPMorgan and the British Barclays bank reduced their ratings. The analysts expect that the increasing number of Covid-19 patients is likely to have a negative impact on the company’s sales development. At Deutsche Telekom, the first joy about a deal with the Japanese Softbank group gave way to disillusionment. Since the first jump up on Tuesday, things have been going downhill continuously. The papers lost another 2.2 percent.

After the last few weeks, the prices of the German sporting goods manufacturers picked up again somewhat. However, Adidas titles gave up most of their profits and were recently 0.4 percent higher. Puma held up better in the M-Dax. They closed 1.4 percent up. Traders pointed to a positive mood again, starting from the USA. There, Lululemon, a company known primarily for yoga clothing, impressed investors with its numbers and outlook. After raising the target price, the shares of the expert for composite materials and graphite electrodes, SGL-Carbon, rose 6.2 percent in the S-Dax.

The hope of easing the US tariff dispute with China resulted in slight price gains on the US stock exchanges at the start of trading. However, he changed Dow Jones its direction and was 0.3 percent lower.


Source link