2023-08-29 16:45:38
Frankfurt/Main.
The German stock market’s recovery from the previous day only continued hesitantly on Tuesday. The leading index Dax rose by 0.13 percent to 15,813 points in the early afternoon. The MDax for medium-sized titles rose by half a percent to 27,422 points. The EuroStoxx 50, the leading index for the eurozone, was slightly up.
Inflation data from Germany and the euro zone are on the agenda for the next two days. The US job market report for August, the economic highlight of the week, will follow on Friday. Investors could initially keep a low profile in front of this data. The financial markets are discussing whether and when key interest rates will peak.
In the case of the individual stocks, it was mainly analyst comments that caused movement. Compugroup’s shares lost 1.2 percent. The US bank Jefferies canceled the buy recommendation for the software developer for the healthcare sector. Shares in the IT service provider Cancom, on the other hand, defied a canceled buy recommendation from Jefferies, gaining 2.3 percent.
Papers from the solar and wind farm operator Encavis, on the other hand, rose by 2.3 percent, where Jefferies had advised buying. A buy recommendation from Goldman Sachs for Grand City Properties pushed the property group’s shares up 4.3 percent.
The euro slipped slightly on Tuesday and was last paid at $1.0790. The European Central Bank last set the reference rate at $1.0808 on Monday.
In bond trading, the current yield fell from 2.61 percent on Monday to 2.58 percent. The Rex pension index rose by 0.18 percent to 124.09 points. The Bund future fell by 0.09 percent to 132.00 points. (dpa)
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