Frankfurt Stock Exchange
Dax stabilizes after Omicron shock
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa
© dpa-infocom GmbH
After the sell-out due to a new coronavirus variant, the Dax caught on Monday.
After the sell-out due to a new coronavirus variant, the Dax caught on Monday.
Stockbrokers weighed up how great the risk of the Omikron variant will actually be and also rely on the support of the central banks. After an initial jump back above 15,400 points, investors remained cautious.
In the afternoon, the Dax rose 0.74 percent to 15,370.41 points. Compared to the four percent price slide from Friday to 15,244 points, it has not made up much ground.
The MDax was a little more dynamic with a premium of 1.08 percent to 34,215.50 points, as was the Eurozone benchmark index EuroStoxx 50 with 1.2 percent plus. In New York, the Dow Jones is also heading for a friendly start.
The “stay-at-home shares”, as profiteers of a lockdown in the Corona crisis are called, came back from their Friday profits. The papers of the cooking box supplier Hellofresh, the online retailer Zalando and the shop pharmacy lost between 1.9 and 3.7 percent.
The values from sectors that were particularly affected by the sell-off on Friday made an above-average recovery. Across Europe, this was particularly true of the travel sector: Lufthansa shares rose by 4.5 percent. Fraport papers gained 3.6 percent in the MDax.
In the European auto industry, investor sentiment remained somewhat subdued. This was due, among other things, to the shares of Continental, which continued their price slide after a sell recommendation by Goldman Sachs with minus 3.3 percent. Compared to the industry, analyst George Galliers sees too little price potential in the auto supplier.
The generally strong German energy sector was a positive phenomenon: RWE and Eon topped the index in the Dax with increases of up to 3.8 percent. The industry stocks have recently benefited from the plans of the future federal government, especially in the area of renewable energies. The shares of the wind power specialist Nordex and the biofuel manufacturer Verbio also received a further boost.
The euro fell slightly: most recently, $ 1.1279 was paid. The European Central Bank had set the reference rate on Friday afternoon at 1.1291 dollars.
The current yield on the German bond market was stable at minus 0.42 percent, while the Rex bond index fell 0.08 percent to 145.32 points. The Bund future lost 0.39 percent to 171.79 points.