The recovery on the German stock market has come to an end for the time being. The Dax falls back, while trading is characterized by significant fluctuations. The forthcoming interest rate decision by the Fed is also causing restraint.
After recovering in the past few days, the dax given back on Tuesday. Investors remained nervous about the war in Ukraine and the market was accordingly volatile. In addition, investors held back before the forthcoming interest rate decision by the US Federal Reserve. After the leading German index slipped by 2.5 percent in morning trading, it made up for a large part of the losses in afternoon trading and closed 0.1 percent lower at 13,917 points. The hope that the warring parties would come closer had given the Dax a strong start to the week the day before. Stockbrokers also blamed the weak specifications from the overseas stock exchanges for the recent losses. A sell-off in China mainly caught technology stocks due to the Chinese government’s proximity to Russia.
In the case of the local individual values, the shares of the airport operator Fraport fell by almost three percent in the M-Dax. One dealer said the outlook for the current financial year fell short of expectations. A record dividend from Wacker Chemie, on the other hand, attracted investors, and the shares were listed as the top favorite of the medium-sized stocks with a plus of almost six percent.
Among the favorites in the Dax were the shares of Deutsche Börse with a premium of 1.3 percent. Meanwhile, the RWE papers were also on the winning side after a roller coaster ride with an increase of one percent. The utility had confirmed the forecast for 2022, but at the same time warned of far-reaching risks that an escalation of the war in Ukraine could have on its business. In the S-Dax, S&T stood out with a jump in price of more than ten percent at times. According to an investigation by the auditing company Deloitte, the IT service provider sees itself almost completely relieved of the allegations by the financial investor Viceroy.
After a mixed start to the week, the US stock exchanges rose again significantly. the Dow Jones closed 1.8 percent higher. Among the favorites here were American Airlines, Delta and United, whose stocks rose by almost ten percent. Some airlines had raised their revenue forecasts thanks to robust demand.