Dax clearly slips into the red | Free press

Frankfurt / Main (dpa) – The last record-high Dax came under more pressure in early trading on Thursday. Towards the end of the first hour of trading, the German benchmark index fell by 0.70 percent to 15,678.56 points, after having slightly surpassed its previous record with 15,810 points the previous day.

The MDax fell by half a percent to 34,601.17 points. The leading Eurozone index EuroStoxx 50 also lost half a percent.

At the record level recently reached by the MDax and various US indices, the Dax lacked further impulses on Thursday that did not come from overseas either. The focus was on reading the latest statements by the President of the US Federal Reserve, Jerome Powell.

A burden for the Dax were the shares of Siemens Energy, which fell by 8.6 percent at the end of the index to a low since November. A profit warning from Siemens Gamesa due to operational problems came through here. The shares of the wind power subsidiary, which are also listed, even fell by 14 percent. Siemens Energy announced that the target of an operating margin in the range of 3 to 5 percent will be missed for the fiscal year. The news also made Nordex investors fearful, with the Gamesa competitor’s share price slipping 4.7 percent in the MDax.

On the winning side, there were only a few candidates in the leading index, even the Daimler share had recently slipped 0.3 percent into the red after a positive start. As a result, the strong key data from the car manufacturer, which once again earned more than expected in the second quarter, fizzled out. A positive DAX candidate was the Eon share, which recently rose 2.1 percent.

Among the small caps, the Drägerwerk shares in the SDax stood out negatively with a six percent discount. The medical and security technology group performed unexpectedly poorly in terms of operating earnings in the second quarter. This was well below the previous year’s figure, which was driven up by the coronavirus.

At the aircraft manufacturer Airbus, the price increased by 0.1 percent, slowed by ongoing concerns about the rampant delta variant of the corona virus. This kept shares from the travel industry such as Lufthansa or Fraport under pressure with up to 3.4 percent.


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