Stock exchange in Frankfurt
Dax continues to be in the black
The Dax is the most important stock index in Germany. photo
© picture alliance / dpa
Investors on the German stock market reacted very positively on Thursday to quarterly reports from companies and the US Federal Reserve’s latest interest rate decision. The relaxed mood pushed the Dax above 15,000 points for the first time in around two weeks. With an increase of 1.57 percent to 15,158.13 points, the leading German index was well above the round mark around midday.
Investors on the German stock market were very positive on Thursday Quarterly reports from companies and the latest interest rate decision by the US Federal Reserve Bank react. The relaxed mood pushed the Dax above 15,000 points for the first time in around two weeks. With an increase of 1.57 percent to 15,158.13 points, the leading German index was well above the round mark around midday.
The MDax of medium-sized companies presented itself in even stronger form, breaking the downward trend that had become even steeper over the past two months with an increase of 3.27 percent to 24,845.19 points. The Eurozone leading index EuroStoxx 50 rose by 1.7 percent.
The hospital operator and medical group Fresenius reported from the Dax, which became more optimistic for the year as a whole. The shares rose by five percent. Vonovia continued its recent upward trend with a plus of 5.9 percent. The hope that the interest rate peak could have been reached continues to drive real estate values.
Siemens Energy continued its recovery from the record low at the top of the DAX with a price gain of six percent, which means that they have already increased by almost 37 percent within a week. With its annual targets cut, the focus was on the online fashion retailer Zalando, whose shares lost 3.3 percent at the end of the DAX.
Lufthansa shares recorded price gains of 7.3 percent in the MDax. UBS said the airline’s figures presented should reassure investors.
Delivery Hero increased by 9.5 percent. The shares of the food delivery service ultimately also reacted to the positive quarterly figures from the US delivery service Doordash.