After the strong gains the day before, the dax took a breather on Thursday. In view of dwindling hopes of an imminent ceasefire in Ukraine and the long-awaited turnaround in interest rates in the USA, investors cashed in as a precaution. The leading German index lost 0.4 percent to 14,388 points after closing almost four percent higher on Wednesday. The analysts at Helaba stated that the situation in Ukraine remains difficult to understand and further developments are associated with a high degree of uncertainty.
The biggest losers in the Dax included the values with the biggest premiums from the previous day. The recipe box sender Hello-Fresh lost 3.7 percent in value. Automotive stocks such as the supplier Continental, BMW and Mercedes Benz also lost up to 2.9 percent. In the M-Dax, Thyssenkrupp in particular stood out on the losing side. The stock slipped 9.4 percent. Rheinmetall, on the other hand, was able to convince investors with an optimistic outlook. Against the background of increasing defense spending in Germany and other countries, company boss Armin Papperger sees the armaments group on a growth course. The shares climbed by 6.2 percent to a record value of 166.05 euros. They have already increased in value by 95 percent since the beginning of the year.
The top favorite in the S-Dax was Grenke’s paper with a plus of a good 19 percent. The company, which specializes in leasing IT and office equipment, pleased investors with a higher dividend. The company also earned more in the past year. A disappointing outlook, on the other hand, ended the recent price recovery at SAF-Holland. The war and high raw material prices overshadowed the commercial vehicle supplier’s prospects. The papers collapsed by almost 14 percent.
Wall Street closed well up. the Dow Jones improved by 1.2 percent to 34,481 points. With a price increase of 3.5 percent, the stock of the credit card provider American Express was one of the top favorites in the Dow. They benefited from the hope of higher profits. With a tighter monetary policy, the sector can look forward to higher interest income.