Europe’s investors have doubts about a ceasefire in Ukraine anytime soon and were scarce to come out of cover ahead of the weekend. In addition, the courses on the so-called Witches’ Sabbath fluctuated more than usual. the dax went from trading with a slight price gain of 0.2 percent at 14,413 points. The leading index was almost six percent above the level a week ago. Stock prices usually fluctuate sharply on the so-called Witches’ Sabbath because investors want to move the prices of the securities on which they hold derivatives in a direction that is favorable to them.
In terms of individual values in Germany, the focus was on the Vantage Towers share. According to an insider, some financial investors have submitted unsolicited takeover bids for the cell tower operator. The Vantage mother Vodafone examine the offers. The title of the British mobile operator rose by 1.3 percent, Vantage shares increased in price at the top of the M-Dax by almost eleven percent. Meanwhile, Bechtle’s shares rose by 2.8 percent. The IT service provider is cautious about the current year due to supply bottlenecks in the industry and the imponderables in the Ukraine crisis. The company said the situation could gradually improve from summer onwards. In addition, Bechtle wants to pay a higher dividend. Investors in the photo service provider were displeased that Cewe CEO Christian Friege’s contract would not be extended beyond the end of the year due to differences. A broker said the manager was instrumental in the company’s success in recent years. Cewe shares lost 6.1 percent in value.
Enel stocks were in demand, temporarily rising by 3.4 percent and thus leading the way in the Euro Stoxx 50 index. The utility had promised a higher dividend. He assumes that the company will exceed its targets for 2022, forecast analyst Tancrede Fulop from the research house Morningstar. He also thinks Enel is undervalued because of its large green power business and its limited involvement in Russia.
Wall Street was somewhat firmer. the Dow Jones closed 0.8 percent higher at 34,755 points.