Uncertainty about the outcome of the Ukraine crisis increased nervousness on European stock markets on Friday. the dax closed 1.5 percent down at 15,043 points. Thomas Altmann from QC Partners summed up the mood on the stock market as follows: “You can feel the nervousness on the trading floor. Hardly anyone knows how to behave in the face of the constantly changing news situation.”
Among the individual stocks, the focus was on Bayer. After encouraging study results for a prostate cancer drug, the pharmaceutical and chemical group has raised its sales expectations for the drug. Bayer shares rose by 3.1 percent at times, but closed 0.1 percent in the red. The stocks of Finnish pharmaceutical company Orion, which developed the drug together with Bayer, benefited from the news. They skyrocketed by 23 percent. Allianz shares, on the other hand, fell by 3.8 percent after the company presented investors with a mixed set of figures. A legal dispute in the USA is costing the insurer dearly because of provisions worth billions.
In general, online values were quite weak. In the Dax, the Delivery Hero share slipped to the end again with a discount of more than eight percent, Zalando and Hellofresh each lost around five percent. The paper of the online used car dealer Auto-1 lost seven percent at the bottom of the M-Dax and was close to its record low. The balance sheet has been devastating for a year on the stock exchange.
Investors also avoided the French luxury leather goods manufacturer Hermes. Self-imposed capacity restrictions slowed the growth of the group. Shares fell 4.1 percent. US stock markets trended weaker ahead of a long weekend. The leading index Dow Jones closed 0.7 percent lower. On the corporate side, Intel stocks came under pressure. The announcement by the chip company of a higher trading range only from 2025 was not well received by investors. In the middle of the chip crisis, Intel is getting more involved in contract manufacturing and is massively expanding its capacities. The stock fell 5.3 percent.