Frankfurt Stock Exchange
Dax fluctuates around 16,000 points – waiting for inflation data
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa
© dpa-infocom GmbH
The Dax climbed back above the important mark of 16,000 points on Wednesday. The leading German index advanced by 0.39 percent to 16,004.32 points at lunchtime.
The Dax climbed back above the important mark of 16,000 points on Wednesday. The leading German index advanced by 0.39 percent to 16,004.32 points at lunchtime.
The MDax gained 0.56 percent to 34,844.23 points, the Eurozone leading index EuroStoxx 50 rose by 0.608 percent.
In addition to the corona pandemic, the prospect of rising interest rates is currently a negative factor for stocks. According to portfolio manager Thomas Altmann from QC Partners, a further rise in the US inflation rate has already been factored in. It is even expected that for the first time since 1982 there will be a 7 before the decimal point. However, should inflation be well above the experts’ forecasts, it could become more uncomfortable on the stock exchanges.
Among the individual values in the Dax, the shares of RWE as the top value with plus 2.6 percent attracted interest. Börsenbrief author Hans Bernecker highlighted the wind power project in Spain announced the day before, including the high electricity prices as a support.
Teamviewers came into focus with preliminary annual figures. The shares of the specialist for remote maintenance software in the MDax shot up by 14.4 percent to 13.22 euros. In mid-December they had dropped to a record low of just under 11 euros. The company now reported strong sales growth.
Siemens Healthineers lost 0.6 percent in the face of negative news from competitor Philips. Delivery problems and a recall hailed the Dutch medical technology group in the final quarter of 2021.