A series of disappointing corporate balance sheets dampened the buying mood among equity investors on Thursday. support for the dax but came from the prospect of a slower pace of rate hikes by the US Federal Reserve. At the end of trading, the leading German index was 0.9 percent higher at 13,282 points.
FMC and Fresenius spooked investors by lowering their guidance, slipping 14.4 and 8.2 percent, respectively. The dialysis group FMC sees black due to staff shortages and rising costs in the United States. For the current financial year, the dialysis company must therefore make significant cuts in its forecast and with it the parent company Fresenius. Shares are in free fall, a trader said.
In addition to FMC and Fresenius, Airbus also clouded the mood. The world’s largest aircraft manufacturer has had to slow down its ambitious growth plans because of problems with its suppliers. The shares went down by almost three percent. On the other hand, the car manufacturer Volkswagen scored points, sticking to its earnings targets despite massive burdens from rising raw material and energy costs, fragile supply chains and increasing concerns about the economy. With an increase of 3.7 percent, the shares were among the strongest values in the Dax. VW rival Stellantis was also up on the Milan Stock Exchange. Despite rising energy and raw material costs, the Opel parent company was able to achieve record profits in the first half of the year. Shares rose 4.5 percent.
Numerous companies from the second row were in focus with quarterly figures, including Wacker Chemie and the plant manufacturer Aixtron, which is geared towards the semiconductor industry. Aixtron remains optimistic after the second quarter, the shares rose by more than one percent. Wacker Chemie gained 10.3 percent in value, the group benefited from strong demand and price increases and raised the forecast. SAF-Holland’s annual targets increased again, driving the commercial vehicle supplier’s shares up by more than 15 percent. According to a stockbroker, market expectations still have a lot of room for improvement.
It was on Wall Street Dow Jones 0.6 percent higher at 32,391 points in the middle of trading.