Frankfurt Stock Exchange
Dax after Ifo on the downswing – Corona and inflation worries
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa
© dpa-infocom GmbH
Corona and inflation worries also dampened the mood of investors in the German stock market on Wednesday. Another deterioration in sentiment in the German economy heightened investor concerns.
Corona and inflation worries also dampened the mood of investors in the German stock market on Wednesday. Another deterioration in sentiment in the German economy heightened investor concerns.
The Dax fell by 0.85 percent to 15,800.92 points around noon and was thus further behind the latest record of 16,290 points. The MDax fell 1.25 percent to 34,616.27 points. On the European stage, the leading Eurozone index EuroStoxx 50 fell somewhat more moderately by 0.6 percent.
The Ifo business climate deteriorated in November for the fifth time in a row. According to the experts at Commerzbank, this is mainly due to the fourth corona wave. For a few days now, this has been a key argument for falling share prices among stock market traders – supplemented the day before by concerns about inflation and interest rates.
On the company side, the shares of Drägerwerk collapsed by 11.6 percent because the medical and safety technology provider is cautiously looking ahead after the special boom in the corona pandemic. Aroundtown earned no investor praise for its nine-month figures, the price came under pressure here at 2.3 percent.
In the particularly weak MDax, the shares of Aixtron were even more noticeable with a minus of almost ten percent. A big loser in the SDax were the Ceconomy shares with a price slide of 8.8 percent. They fell well below the new EUR 4 target from Barclays expert Nicolas Champ. He expects that possible new corona restrictions, supply chain problems and ambitious comparative figures will continue to create problems for the electronics retailer.