The Dax there was a lack of fresh momentum on Tuesday after his record run at the beginning of the week. The German benchmark index ended the trading session with hardly any changes at 15,783 points and thus remained within reach of its new high of 15,806 points reached on Monday. Among the individual values, the Gerresheimer share stood out negatively in the M-Dax with a minus of nine percent. The manufacturer of special packaging for the pharmaceutical industry continues to benefit from the high demand, but pointed to margin losses due to higher raw material and energy prices. “The strong growth in the second quarter was clearly visible and was seen as the bare minimum to be on the right track for the full year forecast,” summarized the analysts of JP Morgan.
Qiagen titles, which were 4.3 percent cheaper, were also sold. The biotech firm cut its full-year sales targets due to dwindling demand for corona testing. “That was a disappointment after the management had confirmed the previous forecasts last month,” complained analyst Peter Welford of the Jefferies investment bank. The better than expected quarterly results and the announced share buyback could not make up for this. Volkswagen shares were only able to benefit from the increased return target for 2025 for a short time and initially turned positive. In the end, they were then quoted 1.3 percent lower. On the Helsinki Stock Exchange, the Nokia share price jumped almost eight percent. The network equipment supplier promised an increase in the forecast. Wall Street exchanges found no clear direction. During the Dow Jones Losing 0.3 percent, the technology-heavy Nasdaq composite index temporarily climbed to a record high. Investors closely followed the opening of the balance sheet season by JP Morgan. Thanks to flourishing business, the bank exceeded expectations with its quarterly profit. However, the income from the trading business collapsed by 28 percent. This pushed the share 1.5 percent into the red. Rival Goldman Sachs was able to more than double the profit. Nevertheless, the share fell by 1.3 percent.