The ups and downs on the European stock exchanges continued towards the end of the week. The Dax was up over long trading routes, but gave up its gains again and closed 0.6 percent lower on Friday at 15,170 points. Support came on the one hand from the November labor market data in the US, which were weaker than forecast. That fueled speculation that the US Federal Reserve might tighten its loose monetary policy at a more moderate pace than previously expected.
The dominant topic on the market, however, remained the newly discovered Omikron coronavirus variant. “To what extent the vaccines against the Omikron variant work, whether and how the mutation affects the current fourth wave in Germany, and whether it will lead to higher hospitalizations and deaths over the years, is still not clear Last week, “warned analyst Jochen Stanzl from CMC Markets.
In the M-Dax, Aurubis shares were among the top favorites with a plus of 7.5 percent. The targeted operating result of the copper smelter is above expectations, said a stockbroker. The same applies to the announced dividend. At Allianz, too, the dividend should increase by at least five percent annually. The insurer also announced share buybacks. Allianz papers rose by 0.6 percent in the Dax. In contrast, Delivery Hero continued their downward trend and led the Dax losers with minus 4.6 percent. The justification was based on a report by the news agency Bloomberg referenced, which gives rise to fear of rising wage costs for drivers in the food delivery industry. Accordingly, the European Union plans to strengthen their rights by declaring them as employees. The top favorite in the M-Dax was the Software AG share with a plus of 9.5 percent. According to informed circles, several financial investors are interested in the company. A sell-off in technology stocks clouded sentiment on the US stock markets. In view of the worldwide spread of the Corona mutation Omikron and high inflation, investors shied away from risks and sold shares. During the Dow Jones Down 0.2 percent, the technology-heavy Nasdaq index lost 2.7 percent.