Frankfurt Stock Exchange
Dax oscillates at the end of the previous day
The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen/dpa
© dpa-infocom GmbH
The Dax will continue to look for direction on Thursday. After a friendly start, the Dax was last listed 0.13 percent lower at 15,789.45 points. The percentage of the MDax remained unchanged at 34,133.53 points.
The Dax will continue to look for direction on Thursday. After a friendly start, the Dax was last listed 0.13 percent lower at 15,789.45 points. The percentage of the MDax remained unchanged at 34,133.53 points.
According to market observer Michael Hewson from broker CMC Markets, the European stock exchanges with the initially solid start followed the robust trend on the trading centers in Asia rather than the weakness on the US stock exchanges from the previous evening. He identified China’s monetary policy measures as a support. However, investors in Frankfurt remained on the alert because the overall market has recently given off a battered impression due to mounting interest rate concerns.
On the company side, the Puma shares took the lead in the Dax after the presentation of key data. The sporting goods group convinced investors thanks to strong demand last year with strong growth. The indicators were above expectations. While Puma shares rose 2.1 percent, Adidas was up 0.4 percent.
Otherwise, annual figures from the software company Suse occupied investors. A trader spoke in an initial comment of a strong report, but a conservative outlook. Investors grabbed after a price slide in the course of the year so far: After an initial jump in price of more than eight percent, the momentum waned, and most recently the papers were still up 1.2 percent.
Otherwise, analyst comments were once again price-moving. In isolated cases, more positive voices are piling up, for example at Siemens Healthineers. The titles of the medical technology group had already been recommended for purchase by Societe Generale the day before, and now the analysis firm Jefferies followed with an upgrade to “Buy”. This helped the recently penalized titles to rise by 1.7 percent.
Experts are also more optimistic for Commerzbank. After Deutsche Bank the day before, the experts at the French bank Exane BNP have now upgraded the papers. In an industry study, analyst Nick Davey referred to rising interest rate expectations as an advantage for banks. The Commerzbank papers rose by 2.9 percent. At the same time, those of Deutsche Bank were only moderately up.
In the MDax, the Berenberg Bank commented positively on Evotec in a new listing. Here the stocks, which had recently slipped to a low since August, continued their recovery from the previous day with a plus of 1.9 percent.
Auto1 also recovered strongly by 2.8 percent. Here, Goldman Sachs resumed observation with a buy recommendation. In her industry study, expert Lisa Yang considers the price slide at the online car dealership to be exaggerated. At the same time, she also resumed the rating of the media groups RTL and ProSiebenSat.1 with “Buy”. The latter papers in particular reacted to this – with an increase of 1.8 percent.