Encouraging company balance sheets and the prospect of a prolonged glut of money boosted stock markets on Thursday. However, the new monetary policy outlook from the European Central Bank (ECB) did not give them any additional impetus. the Dax was 0.4 percent higher at 15,485 points in the afternoon.
Delivery Hero shares took the lead in the leading German index, increasing by 6.8 percent. The food delivery service is given five months more time to sell its South Korea division. The separation from the Yogiyo business must now take place by January 2, 2022. The antitrust authorities had made the sale a condition for the multi-billion dollar takeover of the South Korean market leader Woowa. Siemens papers benefited with a plus of three percent from the strong business figures of the Swiss competitor ABB. The electrical company increased its forecast for the full year after a jump in profits. ABB gained 1.6 percent on the Zurich stock exchange.
After a good first half of the year, the commercial kitchen supplier Rational expects a faster recovery from the corona pandemic. This increased the paper in the M-Dax by a good four percent. The shares of Amadeus Fire, listed in the S-Dax, climbed to a record high of 171 euros at times after the personnel service provider had significantly raised its forecast. Most recently the papers were quoted 5.4 percent higher at 164 euros. Online fashion retailer About You got off to a good start in its financial year thanks to many new customers and strong demand for new collections and fashion brands. The securities of the stock exchange novice rose by 1.1 percent. In Frankfurt, Biontech’s papers rose by 3.3 percent to a record high. According to a study, the biotech company’s coronavirus vaccine is almost as effective against the particularly infectious Delta variant as it is against the original type of pathogen.
Disappointing US labor market data dampened US investors’ buying mood. Shortly after the start of trading, the Dow Jones 0.2 percent lower. The chemical company Dow has increased its profit significantly. Adjusted operating income climbed to $ 3.6 billion from $ 757 million a year ago. Dow papers still lost 2.2 percent.